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.

FuelBusinessLogisticsGovernment

Diesel Rises 3.2¢ to $2.216; Gas Leaps 16.2¢ to $2.24

The national average price of diesel fuel rose for the first time in a month, climbing 3.1 cents to $2.216 a gallon, while gasoline pushed past diesel for the first time in almost two years, the Energy Department said.

May 12, 2009
Business

TravelCenters Reports First-Quarter Loss

Truck stop chain TravelCenters of America said it lost $18 million, or $1.08 per share, in the first quarter, compared with a loss of $48.5 million, or $3.34, a year ago.

May 12, 2009
BusinessLogistics

Obama’s NHTSA Pick Withdraws

Chuck Hurley, who President Obama had intended to nominate to head the National Highway Traffic Safety Administration, has withdrawn from the nomination process, the Associated Press reported.

May 12, 2009
BusinessSafetyTechnologyEquipment

Penske Truck Leasing Hires CEI Group

Penske Truck Leasing Co. has retained accident management firm CEI Group to expand its capabilities for dealing with collision and claims repairs at its 16 North American collision repair centers, Penske said May 4.

May 12, 2009
Business

DHS Ending Trucking Security Program

The Department of 91ÊÓÆµland Security has proposed ending funding of a trucking security program, a DHS official said.

May 11, 2009
BusinessSafetyGovernment

Swine Flu May Complicate Mexican Truck Plan, LaHood Says

Efforts to stop the spread of swine flu in the United States and Mexico have delayed resolution of a plan to allow Mexican trucks to deliver goods across the U.S., Transportation Secretary Ray LaHood said Monday, Bloomberg reported.

May 11, 2009
BusinessSafetyEquipmentGovernment

R.I. Begins Construction of Replacement Highway Bridge

Rhode Island transportation officials said construction has begun on one of two bridges so deteriorated that trucks are limited to 18 tons and two axles.

May 11, 2009
BusinessAutonomous

TravelCenters’ 1Q Loss Widens

Truck stop chain TravelCenters of America said Monday it lost $41.2 million, or $2.39 per share, in the first quarter, up from a loss of $18 million, or $1.08, a year ago.

May 11, 2009
FuelBusinessGovernment

Volvo Backs Longer, Heavier Trucks

BOSTON — Volvo Trucks North America said the United States should adopt a policy of allowing longer, heavier trucks on the nation’s highways as a way to increase driver productivity and to conserve fuel.

May 11, 2009
BusinessGovernmentSafetyLogistics

Menlo Expands Relationship With Dana, Adds Curves

Dana Holding Corp. and Menlo Worldwide Logistics said they have expanded their relationship, with the parts manufacturer asking the third-party logistics provider to handle transportation management for its Mexican operations.

May 11, 2009