Trucking Business News

About Business News...

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.

GovernmentBusinessSafety

Coast Guard to Review Biometric Devices in Bid to Make TWIC Cards More Secure

The U.S. Coast Guard is beginning to review how biometric devices should be added to federal transport security cards that are becoming mandatory for truckers and everyone else who wants access to secure port areas.

April 6, 2009
BusinessGovernment

Mid-States Ceases Operations

Four more trucking companies, including Chicago-area less-than-truckload carrier Mid-States Express Inc., have filed for Chapter 11 bankruptcy protection, becoming the latest casualties of the continuing economic downturn and credit crunch.

April 6, 2009
GovernmentBusinessSafetyEquipment

FedEx Wins Wash. State Class Action Suit over Classification of Drivers as Contractors

FedEx Corp. last week won a Washington state class action case that affirmed the company’s position on driver classification.

April 6, 2009
GovernmentBusinessSafety

After Chasing Criminals in Arizona, Dick Landis Came East to Tame Newly Deregulated Industry

PHOENIX — As an Arizona highway patrol officer for 14 years in the 1970s and ’80s, Dick Landis chased illegal immigrants, drunken college students, speeding motorists and even hardened drug dealers up and down just about every strip of concrete slicing through the state’s scalding, lonely desert.

April 6, 2009
GovernmentBusinessSafety

Accounting Boards Propose Rules Change That Could Alter Truck Leasing Industry

An accounting rules shift could trigger fundamental changes in a truck leasing market worth as much as $70 billion by reducing the attractiveness of renting equipment and reducing fleets’ access to debt.

April 6, 2009
GovernmentBusinessLogisticsFuel

Diesel Price Jumps 13.1¢

U.S. retail diesel prices jumped sharply last week, a second straight bump that raised the national average a two-week total of 20.4 cents a gallon, or about 10%, as gasoline also rose, topping the $2 a gallon mark for the first time since November, according to the Department of Energy.

April 6, 2009
BusinessGovernmentSafetyFuel

Bill Aims to Cut Emissions with Cap-and-Trade Plan

Two senior House Democratic leaders last week introduced a sweeping greenhouse gas bill that includes a cap-and-trade program and would expand motor carriers’ use of SmartWay technologies.

April 6, 2009
BusinessSafetyGovernment

Budget Panels Reject Obama Proposal, Retain Highway Trust Fund Firewall

Budget committees in Congress have approved draft versions of spending-revenue plans for next year that reject an Obama administration proposal to remove the firewalls that have traditionally protected the Highway Trust Fund and other transportation-related funds.

April 6, 2009
GovernmentBusinessSafety

U.S. Seeks Consensus on Border Before Obama’s Visit to Mexico

The Department of Transportation will develop a proposal to reopen the United States to trucks from Mexico before President Obama visits President Felipe Calderon there later this month, a spokeswoman told Transport Topics.

April 6, 2009
BusinessGovernment

LTLs Ward, Saia Reduce Pay as Freight Volumes Decline

Two regional less-than-truckload carriers announced across-the-board pay cuts because of deteriorating freight volumes and prices, Saia Inc. by 5% for salaried employees and drivers, and Ward Trucking Corp. by 8.9%. Both companies said executives’ pay was cut even more.

April 6, 2009