Fleet Management

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May 8, 2015 - Industry News

Broker Pleads Guilty in Phony Cargo Insurance Scam

In an operation the FBI called "theft and greed on a large scale," a former insurance broker has pleaded guilty to bilking nearly 800 trucking companies out of $3.7 million for phony cargo insurance.

Tags: Insurance, Georgia, Crime & Fraud

May 8, 2015 - Industry News

Economic Watch: Unemployment Lowest in Almost 7 Years

Unemployment in the U.S. fell in April, hitting a near seven-year low following weak job additions in the first quarter of the year.

Tags: Economy, Unemployment, Employment

May 7, 2015 - Industry News

Quality Distribution to Sell for About $800 Million

The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.

Tags: Earnings, Quality Distribution, Mergers & Acquisitions, Quality Carriers, Boasso America

May 6, 2015 - Industry News

Paccar Offers Medium-Duty Leasing Program

Photo of Kenworth T270 medium-duty truck model courtesy of PACCAR.

Paccar Leasing Company (PacLease) will begin offering a medium-duty leasing program called the PacLease Value Spec, the truck maker has announced.

Tags: Medium-Duty Trucks, Kenworth T270, Peterbilt Model 330, Paccar, Truck Leasing, Class 6, Private Fleets

May 6, 2015 - Industry News

DOT to Audit FMCSA High-Risk Investigative Practices

Image: FMCSA

The Department of Transportation’s Office of Inspector General has announced it will audit the Federal Motor Carrier Safety Administration’s investigative practices for high-risk motor carriers.

Tags: FMCSA, DOT, Accidents

May 6, 2015 - Industry News

Spot Market Freight Rates Continue Slipping

Graphic: DAT

The number of available loads on the spot truckload market decreased 2.9% and capacity fell 1.8%, according to DAT Solutions, which operates the DAT network of load boards.

Tags: Spot Freight, Freight Rates, DAT Solutions

May 6, 2015 - Industry News

Perry: Economy Improving, But Volatile

Noel Perry speaks at the ALK Transportation Technology Summit. Photo: Jim Beach

The economy is in a “particularly volatile state,” with some saying it is going up while others think it is going down, according to Noel Perry, founder of Transport Economics, speaking at the ALK Transportation Technology Summit.

Tags: Economy, ALK

May 6, 2015 - Industry News

First Quarter Intermodal Shipments Increase 2 Percent

Graphic: IANA

Total intermodal shipments in the U.S. and Canada rose 2% over last year’s first quarter volumes despite port congestion issues that impacted international container traffic, according to new figures from the Intermodal Association of North America.

Tags: Economy, Intermodal, IANA

May 6, 2015 - Industry News

Transport America Getting New President in June

Incoming Transport American president Keith Klein. Photo: Transport America

The truckload and logistics services provider, Transport Corp. of America Inc., announced this week Scott Arves will be stepping down as president on June 1.

Tags: People, Transport America

May 5, 2015 - Industry News

Senate Bill Would Create Infrastructure Tax Credit

Photo: U.S. DOT

New bipartisan legislation introduced in the Senate could help bridge the highway funding gap by expanding the use of tax-exempt bonds and implementing a new tax credit to help state and local governments pay for infrastructure projects.

Tags: Highway Funding, U.S. Senate, Infrastructure Funding

May 5, 2015 - Industry News

Economic Watch: Service Sector Builds Momentum, Trade Deficit Up

Photo: Revisorweb via Wikimedia Commons

Economic activity in the nation’s service sector increased in April, according to two reports released on Tuesday.

Tags: Economy, Non-Manufacturing

May 5, 2015 - Industry News

Supreme Court Upholds California Driver Break Rules

Ruling stems from class-action suit brought earlier by Penske Logistics drivers in California. Image: Penske

The U.S. Supreme Court has denied motions seeking to overturn a ruling that upheld a California statute requiring a paid 10-minute rest break every four hours and a paid 30-minute meal period every five hours for truck drivers.

Tags: Drivers, Regulations, Penske Logistics, Supreme Court

May 5, 2015 - Industry News

USA Truck Reports First 1st Quarter Profit in 8 Years

USA Truck turned its finances around in the first three months of the year, reporting a profitable first quarter for the first time since 2007.

Tags: Earnings, USA Truck

May 4, 2015 - Industry News

XPO Logistics Halves Loss, Acquires Bridge Terminal Transport

Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.

Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport

May 4, 2015 - Industry News

Class 8 Truck Orders Drop 11% in April

Photo: Evan Lockridge

April Class 8 truck orders were down compared to March as well as to the previous year, according to preliminary data, but the drop was not unexpected.

Tags: Class 8, Truck Orders, FTR, ACT Research

May 4, 2015 - Industry News

Fleet Survey Predicts Improved Second Quarter

The CKCVR Buying Index Graph via CK Commercial Vehicle Research

A recent fleet survey predicts that both Class 8 and trailer orders will improve in the second quarter over the January-March time frame. The survey was conducted by CK Commercial Vehicle Research.

Tags: Class 8, CK Commercial Vehicle Research, Trailer Orders, Heavy-Duty Trucks

May 4, 2015 - Industry News

Proposed Rule Would Simplify Insulin Exemption for Drivers

Proposed rule would replace individual exemptions for insulin-treated drivers with annual medical certification. Image: FMCSA

The FMCSA has proposed that drivers with controlled insulin-treated diabetes mellitus be permitted to operate commercial motor vehicles without first obtaining an individual exemption.

Tags: FMCSA, Drivers, Medical Examiners

May 4, 2015 - Industry News

Economic Watch: Factory Orders Increases Most in 8 Months

Photo: Evan Lockridge

New orders and shipments of factory made goods turned around in March, according to a new Commerce Department Report released Monday.

Tags: Economy, Factory Orders, Factory Shipments

May 4, 2015 - Industry News

States Spent $1.1B Maintaining Roads This Winter

Photo courtesy of Mitsubishi Fuso

Twenty-three States spent around $1.1 billion from October 2014 to mid-April 2015 to pre-treat, plow, or spread chemicals and other materials on roads to keep them open and safe this winter.

Tags: Road Salt, Snow Plow, Highway Funding, Winter

May 4, 2015 - Industry News

ArcBest Reports Best First Quarter in Years

ArcBest Corp. on Monday announced it was back in the black during the first quarter for the first time in seven years, reporting first quarter net income of $700,000 or 3 cents per share.

Tags: Earnings, Panther, ABF, ArcBest Corp.

May 1, 2015 - Industry News

Bakery Fleet Boosts Safety with SmartDrive Video System

Diagram of feedback loop for video-based safety program. Image: SmartDrive Systems

Within the first three weeks after it deployed the SmartDrive Systems video-based driver safety program, Mid South Baking Company boosted its internal safety score by 68%.

Tags: driver safety, Technology, In-Vehicle Video, SmartDrive Systems

May 1, 2015 - Industry News

NTSB Report Finds Value in On-Board Video Systems

Photo via MiX Telematics

An NTSB report has concluded that on-board video systems can “provide valuable information for evaluating the circumstances leading to a crash,” if the cameras are positioned properly and if the systems are adequate for recording in low light.

Tags: Technology, Video Event Recorders, In-Vehicle Video, NTSB

May 1, 2015 - Industry News

Economic Watch: Manufacturing Growth Slows, Consumers Optimistic

Photo: Revisorweb via Wikimedia Commons

The level of manufacturing in the U.S. was unchanged in April compared to the month before, according to a new survey of the nation’s purchasing managers.

Tags: Economy, Consumer Confidence, Manufacturing, Consumer Spending, Construction Spending

May 1, 2015 - Industry News

YRC Worldwide Reduces First Quarter Loss

Photo via YRC

Trucking operator YRC Worldwide Inc. cut some of its losses the first quarter of the year, but was still $21.6 million in the red.

Tags: YRC Worldwide, Economy, Quarterly Earnings

April 30, 2015 - Industry News

Paul Ryan: Highway Bill Takes Backseat to Tax Reform

Rep. Paul Ryan, Chairman of the House Ways and Means Committee. Photo: speaker.gov

Rep. Paul Ryan (R-WI), Chairman of the powerful Ways and Means Committee, has strongly indicated that there’s no way around applying another short-term patch to keep the Highway Trust Fund solvent.

Tags: Highway Funding, Highway Trust Fund, 34-Hour Restart, Restart Study

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