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

C.R. England to Use Hair Samples as Part of Drug-Testing Partnership

C.R. England Inc. and Omega Laboratories Inc. announced a drug-screening partnership that will test the hair samples of truck driver applicants.

May 2, 2011

Best Trucking Software 2024

For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.

Business

YRC Reaches New Agreement on Restructuring

YRC Worldwide said it has reached a definitive agreement with creditors, labor groups and pension funds that would give the company $100 million in new capital as its restructuring moves forward.

May 2, 2011
Business

Frozen Food Express’ 1Q Loss Widens

Frozen Food Express Industries said its first-quarter loss doubled from a year ago despite higher tonnage and revenue.

May 2, 2011
Business

Construction Spending Rises 1.4% in March

Construction spending rose 1.4% in March, the biggest gain in almost a year, the Commerce Department said Monday.

May 2, 2011
Business, Fuel

Oil Drops After U.S. Says Bin Laden Killed

Oil prices dropped by the most in almost seven weeks on speculation that the killing of Osama bin Laden may ease the risk of Middle East supply disruptions, Bloomberg reported Monday.

May 2, 2011
Business

Truck Order Backlog Grows

As the backlog of orders for heavy-duty trucks has grown to levels not seen since late 2006, at least three of the four major vehicle manufacturers have announced commodity surcharges, with the extra fees as much as $975 a truck.

May 2, 2011
Letters to the Editor, Government, Business, Technology, Equipment

Letters: Trucking’s Real Cost, Soaring Fuel Prices, Mexican EOBRs

It is evident to me that the bigger 3PLs are adding trucks to their array of services because there are fewer trucks on the road.

May 2, 2011
Business

Shipper Demand, Government Mandates Lead Pallet Makers to Redesign Products

Customer demand for pallets — and government regulations aimed at ensuring their safety — are spurring innovations that allow shippers to take a customized, system-based approach that can best meet their needs.

May 2, 2011
Business

Higher Volumes Boost LTL Profits in 1Q Despite Rising Fuel Prices, Bad Weather

Freight volumes and rates rose enough to overcome weather and fuel-price increase headwinds, four publicly traded less-than-truckload carriers said last week, reporting improved first-quarter results.

May 2, 2011
Business

Volvo Says Quarterly Earnings Rose 143% on Growing Demand for Trucks Worldwide

Benefiting from increased global demand for its trucks, Volvo AB reported a 143% jump in first-quarter earnings from a year earlier, driven by a 22% increase in revenue, the company said April 27.

May 2, 2011