May 8, 2015 - Industry News
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
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
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 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
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
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
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
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
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
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
Economic activity in the nation’s service sector increased in April, according to two reports released on Tuesday.
Tags: Economy, Non-Manufacturing
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
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
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
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
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
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
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
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
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
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
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
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
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
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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