Business

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.

Business

Vets Make Valuable Employees, Several Motor Carriers Report

Schneider National Inc., Ruan Transport Corp., Falcon Transport Co., and Werner Enterprises know from experience that military veterans make valuable employees. These firms actively recruit them to fill not only driver jobs but management posts as well.

March 21, 2011
Business

‘Regulatory Overload’ Stalls Trucking, ATA Official Tells Transportation Panel

WASHINGTON — Trucking is burdened with “regulatory overload,” an American Trucking Associations official told a panel of Department of Transportation officials.

March 21, 2011
Business

Carriers Told to Ignore Erroneous Letters Warning of Loss of Operating Authority

The Federal Motor Carrier Safety Administration told carriers last week that letters warning about possible loss of operating authority after notifying the agency of cargo insurance cancellations were sent in error.

March 21, 2011
Business

FedEx Profits Down 3% in Third Quarter on Winter Weather, High Fuel Costs

Global economic improvement allowed FedEx Corp. to pull in 11% more quarterly revenue, but the carrier saw its net income drop by 3%, as it had to battle severe winter weather, soaring fuel costs and $43 million of integration costs at its less-than-truckload unit.

March 21, 2011
Business, Fuel

Diesel Reaches $3.908 a Gallon

The average price of U.S. retail diesel rose for the 15th consecutive week, bumping up another 3.7 cents to $3.908 a gallon, nearly $1 higher than the comparable week of last year, according to the Department of Energy.

March 21, 2011
Business

AutoInfo’s Profit Doubles in 2010

Third-party logistics provider AutoInfo said its 2010 earnings rose to $3.1 million, or 9 cents a share, from $1.4 million, or 4 cents, the year before.

March 18, 2011
Business, Government, Safety, Autonomous

Supply Chains May Not Be Disrupted by Japan Turmoil, U.S. Truck Makers Say

Several truck makers and industry suppliers said their facilities sustained some damage from the March 11 earthquake in Japan, but they were not expecting it to result in significant supply disruptions to North America.

March 18, 2011
Business

Volvo, UAW Reach Tentative Five-Year Agreement on Virginia Truck Plant

Volvo Trucks North America said Friday it has reached tentative agreement with the United Auto Workers union on a new, five-year agreement for workers at its New River Valley heavy-duty truck plant in Dublin, Va.

March 18, 2011
Business, Logistics

RWI Transportation Opens Terminal in Dallas

RWI Transportation, an asset-based logistics company, said March 10 it opened a new terminal in Dallas to improve its access to the western United States.

March 18, 2011
Business

Daimler Forecasts Continued Strong Truck Demand for 2011

Daimler AG booked more truck orders than anticipated in the first two months of this year, underscoring its forecast of “significant” market growth in 2011, Bloomberg reported Friday.

March 18, 2011