Trucking 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.
DHS 鈥07 Security Grants Include More Port Security Funding
The Department of 91视频land Security said Tuesday it will grant $445 million for fiscal year 2007 to protect critical infrastructure, including ports and transit systems.
January 10, 2007Security & Safety Briefs 鈥 Jan. 4 - Jan. 10
Highway Watch Report Leads to Arrest 鈥 McMurray Named FMCSA鈥檚 Chief Safety Officer 鈥 Mass. Trucking Company Files Complaint Against FMCSA 鈥 Survey Cites Drivers鈥 HOS Compliance Concerns 鈥 And more...
January 10, 2007FMCSA to Propose Electronic Onboard Recorder Rule Thursday
The Federal Motor Carrier Safety Administration said late Tuesday that it will announce a proposed rule regarding electronic on-board recorders for commercial trucks and buses on Thursday morning.
January 10, 2007Crude Oil Closes at 19-Month Low, at $54.02 a Barrel
Crude oil futures hit a 19-month low price, closing at $54.02 a barrel on the New York Mercantile Exchange Wednesday following a Department of Energy report showing strong heating-oil inventories, Bloomberg reported.
January 10, 2007ATRI Issues Final Request for HOS Sleeper-Berth Data
The American Transportation Research Institute issued a final call Tuesday for motor carrier safety data to measure the effects of the federal hours-of-service rule鈥檚 split sleeper-berth provisions.
January 9, 2007YRC Folding USF Bestway Unit Into USF Reddaway
Less-than-truckload carrier YRC Regional Transportation said late Monday that its USF Bestway and USF Reddaway units will consolidate into one organization under the USF Reddaway brand.
January 9, 2007Diesel Average Price Drops 4.3 Cents to $2.537 a Gallon
The average retail price of diesel fuel dropped 4.3 cents to $2.537 a gallon, the Department of Energy reported Monday.
January 9, 2007Wachovia Upgrades Trucking Sector
Wachovia Capital Markets upgraded the U.S. trucking sector to 鈥渕arket weight鈥 from 鈥渦nderweight,鈥 citing opportunities for investors to be more constructive ahead of the next upturn, Reuters reported.
January 9, 2007CDL Fraud Probe Targets False Addresses
Several people who obtained commercial driver鈥檚 licenses from a southern Missouri trucking school gave false home addresses, and state officials acknowledge they currently have no way to stop the practice, the Associated Press reported.
January 9, 2007UPS Names David Abney Chief Operating Officer
UPS Inc. late Monday said it promoted David Abney to chief operating officer and Alan Gershenhorn to replace Abney as president of UPS International.
January 8, 2007