Trucking Business News

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Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business

Truck Firms in South Continue to Operate Despite Devastation, Death from Tornadoes

At Boyd Bros. Transportation Inc. in Birmingham, Ala., Chris Cooper, grandson of the founder, has been running the firm from the cab of his pickup truck since one of the most powerful tornadoes on record devastated Tuscaloosa April 27 before reaching Boyd’s office about 55 miles away.

May 9, 2011
Business

Draft of White House Plan Mulls Mileage Tax, New Tolls

A draft of the Obama administration’s transportation reauthorization plan calls for creation of an office within the Federal Highway Administration that would spend six years studying a vehicle-miles-traveled tax to help fund the nation’s surface transportation system.

May 9, 2011
BusinessFuel

Some Fleets Sidestep Fuel Price Escalation by Using Liquefied, Compressed Natural Gas

Bill Malone must have been one of the few people in trucking who could chuckle at the price of diesel one day this spring. It was well over $4 a gallon, but Malone was untroubled because the 18 tractors in the fleet he oversees are fueled with liquefied natural gas.

May 9, 2011
Business

Driver Seat-Belt Use Climbs Above 75% in Medium-, Heavy-Duty Commercial Trucks

Seat-belt use among drivers of medium- and heavy-duty commercial motor vehicles rose in 2010 to 78%, up from 74% last year and the fourth annual increase in a row, according to a new Federal Motor Carrier Safety Administration study.

May 9, 2011
BusinessFuel

Retail Diesel Fuel Average Price Rises 2.6¢ to $4.124 per Gallon

The average retail price of U.S. diesel resumed its upward march last week, climbing 2.6 cents per gallon to $4.124 and sparking renewed attention to fuel surcharge collections.

May 9, 2011
BusinessFuel

Oil Plunges Almost $17 for Week

Oil took its biggest weekly plunge in more than two years this week, falling almost $17 to near $97 a barrel, Bloomberg reported.

May 6, 2011
Business

YRC Worldwide’s 1Q Loss Declines

YRC Worldwide Friday reported a first-quarter loss of $102 million, or $2.14 per share, compared with a loss of $274 million, or $13.15 per share, a year ago.

May 6, 2011
Business

Contrans Says 1Q Income Slips; Boosts Dividend

Contrans Group said its first-quarter earnings declined, but boosted its dividend and said it saw signs of increased shipping activity.

May 6, 2011
Business

Trimac Reports First-Quarter Profit

Trimac Transportation Ltd. reported a first-quarter profit of C$9 million, or 3 Canadian cents per unit, turning around a loss of C$4.1 million, or 31 cents, a year ago.

May 6, 2011
Business

Economy Adds Jobs; Unemployment Rate Rises to 9%

The U.S. economy added 244,000 jobs in April — including 4,500 trucking jobs — but the unemployment rate rose to 9%, the Labor Department said Friday.

May 6, 2011

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