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.

BusinessTechnologyEquipmentSafety

ABF Expands Delivery Services Via Regional Network

ABF Freight System Monday said it has set faster transit times in more than 24,000 station-to-station lanes including 1,300 new next-day lanes and 21,000 new second-day lanes.

September 15, 2008
Business

Industrial Production Declines in August

U.S. industrial production fell 1.1% in August, the Federal Reserve said Monday.

September 15, 2008
BusinessEquipmentAutonomous

Cummins Plans to Invest $100 Million in Brazil

Cummins Inc., the maker of more than one third of North America’s heavy-duty truck engines, plans to invest another $100 million in Brazil during the next four years to meet higher demand in that country, Bloomberg reported.

September 15, 2008
BusinessGovernment

New York Manufacturing Index Shows Contraction

Manufacturing growth in New York state declined this month, showing contraction, the Federal Reserve Bank of New York said Monday.

September 15, 2008
BusinessGovernmentSafety

Highway Coalition Applauds Rejection of Pa. I-80 Tolls

A coalition of highway users including American Trucking Associations applauded the U.S. Department of Transportation’s decision last week to reject tolls on Interstate 80 in Pennsylvania, though a truckers group in that state warned that officials may seek to privatize the Pennsylvania Turnpike.

September 15, 2008
BusinessGovernmentSafetyFuel

Oil Falls Below $95 as Refineries Escape Major Damage from Hurricane Ike

Crude oil fell $7 to below $95 a barrel in early trading Monday, a seven-month low, as Gulf of Mexico refineries escaped major damage from Hurricane Ike over the weekend, Bloomberg reported Monday.

September 15, 2008
BusinessGovernmentSafetyFuelAutonomous

Court Denies Calif. Port Stay; ATA Files Expedited Appeal

A federal judge last week denied American Trucking Associations’ request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.

September 15, 2008
BusinessGovernment

Congress Refills Highway Fund

Congress, after an abrupt about-face by the Bush administration, moved quickly last week to transfer more than $8 billion into the Highway Trust Fund to keep the road-building finance program solvent.

September 15, 2008
BusinessGovernmentSafetyFuelAutonomous

Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn

Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.

September 15, 2008
BusinessGovernment

House Follows Senate in Approving $8 Billion for Highway Fund

A day after the Senate passed a bill to fund an $8 billion shortfall in the federal Highway Trust Fund, the House followed suit, voting 376-29 to approve a similar measure.

September 12, 2008

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