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.

BusinessSafetyGovernmentAutonomous

DOT Shows Interest in Study of Heavier Trucks’ Effect on Highways

OTAY MESA, Calif. — U.S. Department of Transportation officials said they would be interested in a potential study of larger or heavier trucks, suggested recently by the chairman of the House transportation committee.

March 7, 2007
BusinessSafetyGovernmentAutonomous

DHS Says Security Won’t Lessen When Trucks Enter From Mexico

EL PASO, Texas — The Transportation Department’s pilot project allowing a limited number of Mexican carriers to access U.S. highways would not diminish security at the border, Michael Jackson, deputy secretary of 91ÊÓÆµland Security, said at a Feb. 23 press conference.

March 7, 2007
BusinessSafetyGovernmentAutonomous

Sen. Murray Sets Hearing on Border Plan

WASHINGTON — Advocacy groups and congressional leaders, citing safety concerns, questioned the Department of Transportation’s decision to allow Mexican trucks into the United States, and a key senator said she would hold a hearing on the issue.

March 7, 2007
BusinessGovernment

Idaho Eyes Fees on Out-of-State Truckers

Two Idaho state senators want to raise an additional $57 million per year — largely from out-of-state truckers — to build and repair state roads, the Associated Press reported.

March 6, 2007
BusinessGovernment

UPS Teams with Commerce Dept. to Promote U.S. Exports

The U.S. Department of Commerce announced Tuesday a new initiative with UPS Inc. to boost exports from U.S.-based small- and medium-sized enterprises.

March 6, 2007
BusinessGovernmentSafetyFuelLogistics

Diesel Jumps 7.5 Cents to $2.626; Gas Soars 12.2 Cents

The average national price of diesel fuel jumped 7.5 cents to $2.626 a gallon, while gasoline soared 12.2 cents from last week to $2.505, the Department of Energy said Monday.

March 6, 2007
BusinessGovernment

Factory Orders Plunge 5.6% in Biggest Decline in Six Years

Factory orders plunged 5.6% in January, the biggest drop in six years, the Commerce Department reported Tuesday.

March 6, 2007
BusinessGovernmentSafety

Fourth-Quarter Productivity Rises 1.6%

Fourth-quarter U.S. worker productivity rose 1.6%, matching the level for the full year but lower than originally estimated, the Labor Department said Tuesday.

March 6, 2007
BusinessGovernmentSafetyLogistics

Contrans’ Fourth-Quarter Income Rises

Canadian firm Contrans Income Fund reported it earned C$7.8 million or 34 cents a unit, compared with C$6.3 million or 33 cents a year earlier.

March 6, 2007
BusinessGovernmentSafety

Frozen Food Express’ Fourth-Quarter Income Declines

Refrigerated truckload carrier Frozen Food Express Industries said Tuesday its fourth-quarter income fell to $3.4 million or 24 cents a share, from $6.4 million or 34 cents a year earlier.

March 6, 2007