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.

Government, Business, Safety

Court Rejects Hours-of-Service Rule

A federal appeals court last week struck down key provisions of the government’s latest commercial driver work rules, the second time in three years the court has rejected attempts to rewrite the original, 68-year-old regulations.

July 30, 2007
Business, Safety

NHTSA Revises ’06 Truck Deaths Down

NHTSA last week revised its truck-fatality report for 2006, saying the number of people killed in truck-related crashes fell below 5,000 for the first time in five years.

July 30, 2007
Government, Business, Safety, Technology, Equipment

Congress Set to Revive SSRS

The Single State Registration System for trucking, which supposedly was put to rest at the beginning of this year, could make a brief, albeit costly, return because of legislation expected to pass Congress this month.

July 30, 2007
Government, Business

Former Army Arsenal Reborn as BNSF Freight Hub

ELWOOD, Ill. — In an unceasing torrent they come, 20- and 40-foot corrugated steel shipping containers from the Far East, filled with manufactured goods, to this landlocked port on Lincoln’s prairie.

July 30, 2007
Business, Safety, Government

June Truck Tonnage Drops 3.4%

American Trucking Associations’ June for-hire truck tonnage index fell to a seven-month low and was down 3.4% from a year ago, ATA said late Friday.

July 27, 2007
Business

Western, Smithway Deal to Close in August

Truckload carriers Western Express and Smithway Motor Xpress Corp. said they would close their pending deal, in which Western will acquire Smithway, in August.

July 27, 2007
Government, Business, Logistics

SoCal Ports Reach Labor Pact

Union workers at the Southern California ports of Los Angeles and Long Beach reached a tentative agreement with shipping lines and terminal operators, averting the threat of a strike at the biggest U.S. port complex, the Los Angeles Times reported Friday.

July 27, 2007
Business

YRC’s 2Q Income Declines

Less-than-truckload carrier YRC Worldwide said late Thursday its second-quarter net income was $55.4 million or 95 cents a share, down from $92.3 million or $1.58 a year earlier.

July 27, 2007
Business, Government

Universal Truckload’s Income Dips; Revenue Rises

Universal Truckload Services said late Thursday its second-quarter net income fell 12.6% to $4.7 million or 29 cents a share, from $5.4 million or 33 cents a year ago.

July 27, 2007
Business, Safety

Rail, Intermodal Levels Drop

Rail carload and intermodal freight continued a downward trend compared with a year ago, as year-over-year levels fell for the week ended Saturday, the Association of American Railroads said.

July 27, 2007