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.
Canadian National Reports Higher 4Q Income, Boosts Dividend
Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.
January 24, 2007Critics Call Onboard Recorder Proposal Ineffective
The Transportation Department’s recent proposal to use electronic onboard recorders to monitor driver hours is “weak” and ineffective, safety advocacy groups said last week, while some trucking industry organizations applauded the plan.
Letter to the Editor: HOS Problems (Continued)
Click here to write a Letter to the Editor. The problem is not with the “black box,” it’s with the 14-hour rule. We are not children, we are professionals. So why doesn’t anyone understand the problem? We are always up against the wall when it comes to hours of service.
January 24, 2007Opinion: Where Are All the ‘Smart’ Trailers?
I may be missing something, but it seems to me that the U.S. motor carrier industry is lagging behind the vessel industry’s container security accomplishments to the point that it could threaten this nation’s security.
January 24, 2007Security & Safety Briefs — Jan. 18 - Jan. 24
Driver Gets Life in Smuggling Deaths • New Passport Rule Takes Effect • Okla. Study Cites Cellphone Accident Hazards • N.D. Lawmaker Wants 40-Mph Minimum on Interstates
January 24, 2007USA Truck Promotes Jerry Orler to Chief Executive Officer
USA Truck Wednesday announced the promotion of Jerry Orler to chief executive officer.
January 24, 2007Crude Oil Price Rises, Topping $55 a Barrel
Crude oil prices surged more than $2 a barrel Tuesday after Energy Secretary Samuel Bodman said President Bush plans to double the size of the U.S. Strategic Petroleum Reserve by 2027, Bloomberg reported.
January 23, 2007Werner’s Fourth Quarter Income, Revenue Dip
Truckload carrier Werner Enterprises’ fourth-quarter profit fell 16% to $24 million or 31 cents a share, from $28.8 million or 36 cents a year earlier.
January 23, 2007Diesel Dips 3.3 Cents to $2.43; Gasoline Falls to $2.165
The average price of retail diesel fuel fell 3.3 cents to $2.43 a gallon, the Department of Energy said Monday.
January 23, 2007BNSF Reports Higher Income, Revenue for 4Q, Year
Burlington Northern Santa Fe Corp.’s fourth-quarter profit jumped 21% to $519 million or $1.42 a share, from $430 million or $1.13 a year earlier, the railroad said Tuesday.
January 23, 2007