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.
Volkswagen Rejects MAN’s Bid for Scania
Volkswagen AG, Swedish truck maker Scania AB’s largest shareholder, rejected German truck maker MAN AG’s $13.3 billion hostile bid for Scania, saying it prefers the two companies try to achieve a “friendly” combination, Bloomberg reported.
January 12, 2007Fleets Face Uncertain Outlook as Freight Continues to Fall
Evidence is accumulating that freight volumes are falling significantly and that the traditional fourth-quarter peak was all but nonexistent, although analysts and fleet executives remain unsure of what will happen in the first half of the new year.
Crude Oil Plunges to Close Trading at Below $52 a Barrel
Crude oil closed at below $52 a barrel Thursday for the first time in 19 months after a report showed that U.S. fuel consumption plunged to the lowest since April 2004, Bloomberg reported.
January 11, 2007FMCSA Proposes Mandatory EOBRs for Habitual Violators
WASHINGTON — The Federal Motor Carrier Safety Administration proposed a rule Thursday to mandate the use of electronic onboard recorders for habitual violators of federal hours-of-service rules.
RoadLink USA Buys Intermodal Firm Transus
Intermodal and logistics firm RoadLink USA said Thursday that it has acquired Transus Intermodal, an intermodal trucking services company.
January 11, 2007Initial Jobless Claims Drop 26,000 for Week
First-time U.S. jobless claims fell by 26,000 last week to 299,000, the Labor Department said Thursday.
January 11, 2007ArvinMeritor to Develop Diesel-Electric Drivetrain for Wal-Mart
Trucking component maker ArvinMeritor and Wal-Mart Transportation have agreed to develop a dual-mode, diesel-electric drivetrain for a Class 8 tractor, the two said.
January 11, 2007Schwarzenegger Orders Calif. to Further Cut Fuel Emissions
California Gov. Arnold Schwarzenegger (R) plans to ask state regulators to require the state’s petroleum refiners and gasoline sellers to cut greenhouse-gas emissions by 10%, the New York Times reported Wednesday.
January 10, 2007Trucking-Related Revenue Rose to $292 Billion in ’05
Trucking, couriers and messengers, and warehousing and storage revenue reached $292 billion in 2005, up from $266 billion the year before, the U.S. Census Bureau reported.
January 10, 2007Paccar to Build $400 Mln. Powertrain Plant in Southeastern U.S.
Paccar Inc., the parent company of Kenworth Truck Co. and Peterbilt Motors Co., said late Tuesday it plans to build a new $400 million powertrain manufacturing plant in the southeastern United States.
January 10, 2007