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

UPS Posts $1.12 Billion 4Q Profit as Volume, Rates Rise

UPS Inc. nearly doubled its fourth-quarter net earnings, which shot up to $1.12 billion as volumes and pricing improved across almost all business segments, the parcel carrier said Feb. 1.

February 7, 2011
BusinessEquipment

Design, Maintenance of Key Components to Be Focus of TMC’s Meeting in Tampa

Many of the maintenance professionals who keep U.S. truck fleets running smoothly will focus their attention on wider dissemination of the motor freight industry’s recommended engineering practices at the Technology & Maintenance Council’s annual meeting in Tampa, Fla.

February 7, 2011
GovernmentBusiness

Truckers Hauled Vast Majority of Freight During 2007, New U.S. DOT Analysis Finds

Trucks hauled the vast majority of freight in the United States, according to the Department of Transportation’s Bureau of Transportation Statistics.

February 7, 2011
Business

Second Bridge Linking Detroit, Ontario Key to Michigan Economy, Gov. Says

Rick Snyder, Michigan’s new governor, is forcefully pushing to accomplish what his predecessors failed to do — building a second bridge between Detroit and Windsor, Ontario, the busiest freight crossing in the United States.

February 7, 2011
BusinessEquipment

Tire Manufacturers Boost Prices as Rubber, Oil Costs Increase

Truck tire manufacturers have raised prices up to 12% in recent weeks, citing materials costs, while concern is mounting about future supplies after the sudden rise in new tractor and trailer sales.

February 7, 2011
Business

Massive Blizzard Paralyzes Truckers, Leads to ‘Staggering’ Losses for Carriers

At Beaver Express Service in Woodward, Okla., near the state’s panhandle, company president Mike Stone spent most of last week trying to figure out which of his terminals, scattered across six states, could reopen after a record-breaking blizzard buried them.

February 7, 2011
BusinessFuel

Diesel Gains 0.8¢ to $3.438; Gasoline Dips to $3.101

The average price of a gallon of U.S. retail diesel rose for a ninth straight week, edging up 0.8 cent to $3.438, the Department of Energy reported.

February 7, 2011
BusinessLogistics

Brink’s Posts Lower 4Q Profit

Armored vehicle transportation company Brink’s said its fourth-quarter profit declined from a year ago while its full-year earnings rose.

February 6, 2011
Business

Volvo Reports 4Q Profit, Boosts 2011 Forecast

Volvo AB reported a fourth-quarter profit, boosted its 2011 truck-delivery forecast by 10% and said is considering assembling heavy trucks in China.

February 4, 2011
Business

Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs

The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.

February 4, 2011

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