Business

The owners of cargo originating overseas and damaged while traveling to a U.S. destination by rail or truck under a single bill of lading cannot seek full reimbursement of their losses, the U.S. Supreme Court has ruled.

Tonnage hauled by U.S. trucking companies in May rose 7.2% from the same month of 2009, the sixth consecutive year-over-year increase, American Trucking Associations reported last week.

KANSAS CITY, Mo. — Arrow Truck Sales, one of the nation’s largest dealers of used Class 8 trucks, said sales increased about 60% during the first five months of 2010, compared with a year earlier.

New commercial trailer net orders jumped 59% in May from the same month last year, ACT Research Co. reported, adding that the market was “continuing a healthy rebound from a very weak 2009.”

A bipartisan group of U.S. senators left a closed-door White House meeting with President Obama last week divided over whether energy and climate legislation could pass and uncertain what form it might take.

YRC Worldwide Inc. continued its corporate makeover by agreeing to sell a majority interest in its logistics business to private equity firm Austin Ventures for $37 million.

Wal-Mart Stores Inc., the $405 billion retailing giant, is attempting to squeeze suppliers for cost cuts by taking control of millions of shipments into the retailers’ distribution centers, transportation typically arranged by the shippers.

A U.S. Appeals Court has rejected an effort by a group of truckers to collect more than $10,000 from an insurance company that posted a surety bond for a broker that went bankrupt.

The U.S. Department of Transportation in June awarded grants totaling $6.25 million to five states to “ease truck parking shortages on U.S. interstates.”

The national average price of diesel dropped 0.5 cent last week to $2.956 a gallon, the sixth decline in seven weeks, the Department of Energy reported.