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.

GovernmentBusinessSafety

UPS, Teamsters Contract Shows Enhanced Pay, Benefits

UPS Inc. employees represented by the Teamsters union will get a pay increase of $4 an hour and additional benefits worth $5 an hour under a new five-year contract, Bloomberg reported.

October 15, 2007
BusinessEquipment

Eaton鈥檚 Third-Quarter Earnings Rise

Heavy-duty vehicle parts manufacturer Eaton Corp. said Monday its third-quarter net earnings rose 4%, though the company lowered its full-year profit forecast.

October 15, 2007
BusinessFuelGovernment

Intermodal Group Seeks to Block Clean Air Plan at SoCal Ports

The Intermodal Motor Carriers Conference said it strongly opposes an 鈥渁bhorrent鈥 clean-air plan proposed by the ports of Los Angeles and Long Beach, Calif. and will sue to block the program if the ports try to implement it, the IMCC told the Federal Maritime Commission.

October 15, 2007
BusinessGovernment

Bill Would Provide Credit for Safety Technology

A bill introduced last week by Rep. Mike Thompson (D-Calif.) would provide tax credits for fleets purchasing trucks with certain types of safety technology.

October 15, 2007
GovernmentBusinessSafetyFuel

Vermont Leaders Frustrated Over Emissions Rules

Vermont leaders expressed dismay at an effort by the Bush administration to oppose new state rules designed to reduce vehicle carbon emissions, amid growing concern the rules will be rejected by the Environmental Protection Agency, the Associated Press reported.

October 15, 2007
BusinessSafetyGovernment

I-5 Partially Reopened Near L.A. After Big Weekend Accident

California officials reopened southbound lanes of Interstate 5 near Los Angeles early Monday after a 31-vehicle pileup over the weekend killed three and closed a freeway tunnel, USA Today reported.

October 15, 2007
Business

LTL Fleets Open Talks With Teamsters for New Pact

Contract talks between the Teamsters union and representatives of the nation鈥檚 largest less-than-truckload freight carrier began Oct. 1 with representatives of both sides indicating a desire to secure an early agreement.

October 15, 2007
BusinessGovernment

Climate Debate Seen Aiding Larger Trucks

LAS VEGAS 鈥 Growing concern about global warming will help trucking鈥檚 push for longer and heavier vehicle limits, an issue that may be gaining 鈥渂uoyancy鈥 in Congress, ATA President Bill Graves said recently.

October 15, 2007
BusinessSafety

Daimler Sheds Chrysler Brand, Renames N. American Division

Daimler AG marked the end of its nine-year marriage to Chrysler, dropping the U.S. automaker from its corporate name and renaming Freightliner LLC, its U.S. truck-building subsidiary, Daimler Trucks North America LLC.

October 15, 2007
FuelBusinessGovernment

U.S. Retail Diesel Average Dips 1.3垄

The average retail price of diesel fuel fell 1.3 cents last week to $3.035 a gallon, the first decline after five straight increases, the Department of Energy said.

October 15, 2007