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, Autonomous

TT Private 100: Some Shippers Expand Fleets Over Concerns About For-Hire Capacity

Concern about the availability and cost of trucking services is causing some shippers to increase the amount of freight they haul on their own vehicles and find new ways to share freight-hauling capacity with other companies.

August 23, 2010
Business, Government, Safety, Autonomous

Pilot Program Reduces Truck Delivery Times in New York City by Utilizing Off-Hour Runs

A pilot program in which trucks made off-hour runs into New York City decreased the average delivery time from the depot to the first receiver by 75%, according to an analysis of the program.

August 23, 2010
Business, Government, Safety, Autonomous

Trucking Questions New Customs Requirement to Declare Residual Chemicals Crossing Border

Truckers, chemical manufacturers, and other trade groups are questioning a new federal requirement that motor carriers and exporters stipulate on electronic manifests the amount of residual chemicals left inside cargo tank containers when returning from deliveries in Canada and Mexico.

August 23, 2010
Business, Government

CSA Revisions Improve Most Scores but Worsen Others, Carrier Execs Say

Changes that the Federal Motor Carrier Safety Administration has made to its CSA safety-monitoring program are causing the ratings of fleets across the country to change, and not always for the better, carrier executives told Transport Topics.

August 23, 2010
Business, Equipment, Autonomous

Medium-Duty Truck Sales Soar in July

U.S. retail sales of medium-duty trucks — Classes 3-7 — jumped 54.5% in July from the corresponding month a year ago, the largest year-over-year gain since mid-2005 and the biggest sales month this year, WardsAuto.com reported.

August 23, 2010
Business

Used Truck Interest Grows

Registrations of used Class 8 trucks nearly doubled in the second quarter, far outpacing new truck activity as fleets snapped up both late-model used tractors and older vehicles, a new R.L. Polk & Co. report said.

August 23, 2010
Business

More U.S. Goods Face Tariffs in Mexican Trucking Dispute

The Mexican government last week imposed a second round of retaliatory tariffs on U.S. exports to protest the closing of the common national boundary to cross-border trucking and said the United States has yet to propose a plan to allow trucks from Mexico to deliver in the United States.

August 23, 2010
Business, Government, Safety, Autonomous

Three Trucking Fleets Plan Share Offerings as a Way to Raise Funds to Reduce Debt

The decisions by three trucking fleets to announce public share offerings in recent weeks represent a sharp change in direction for an industry that went more than five years without a stock sale.

August 23, 2010
Business, Government, Safety, Fuel

Diesel Fuel Price Slips 1.2¢ Following 3-Week Increase

In the face of record-setting petroleum stockpiles, the U.S. retail diesel price average dipped 1.2 cents to $2.979 a gallon, the Department of Energy reported.

August 23, 2010
Business

Volvo Recalling 270 Workers to Virginia Truck Plant

Volvo Trucks North America said it will recall 270 former employees to its New River Valley truck production plant in Virginia next month due to increased truck orders.

August 20, 2010