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April 17, 2014 - Industry News

Hub Group First Quart Income Falls Nearly a Quarter

The trucking operation Hub Group has reported a 22% drop in first quarter income compared to the same time last year while revenue increased 10%.

Tags: Fleets, Earnings, Hub Group

April 17, 2014 - Industry News

Hendrickson Announces May HVSI Suspension Training Program

The Hendrickson Vehicle Suspension Institute scheduled its next session of hands-on technical suspension training for the heavy-duty transportation industry.

Tags: Technician Training, Events, Hendrickson

April 17, 2014 - Industry News

Merger Creates Fourth Largest Container Shipping Company

Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Ballin House (Hapag-Lloyd headquarters) in Hamburg after the signing.

Container shipping company Hapag-Lloyd AG and Compañía Sud Americana de Vapores, also known as CSAV, have signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd.

Tags: Intermodal, Freight, Mergers & Acquisitions, Port Trucking

April 17, 2014 - Industry News

Private Equity Firm Purchasing EFS

The private equity firm Warburg Pincus had reached an agreement to acquire the fuel card and fleets payment services provider Electronic Funds Source.

Tags: Fuel Management, Fleets, Mergers & Acquisitions, EFS

April 17, 2014 - Industry News

Green, Safe and Connected Trucks to Find Widespread Acceptance

The improved economic environment in developing and developed economies is restoring business confidence and pushing up the global sales volumes of medium-heavy duty trucks, according to a new report.

Tags: Telematics, Driver Safety, Vehicle Safety, Medium-Duty Trucks, Frost & Sullivan, Heavy-Duty Trucks

April 17, 2014 - Industry News

Missouri Launches Next Phase of Freight Plan

The Missouri Department of Transportation has launched the next phase of the Missouri Freight Plan to engage business and local leaders, along with freight and industry stakeholders, in a discussion regarding funding of Missouri's freight infrastructure.

Tags: Infrastructure, Missouri Department of Transportation, Missouri, Highways, Freight

April 17, 2014 - Industry News

Truckload Linehaul, Intermodal Price Indices Hit New Highs

Truckload linehaul rates spiked in March, with the Cass Truckload Linehaul Index surpassing the 120 mark, showing a 6% year-over-year increase.

Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates, Freight

April 17, 2014 - Industry News

Another Sentence in Long-Running Moving Scheme Investigation

An operations manager for California household good mover has been sentenced to 18 months in prison for participating in a “low ball estimate” scheme, as part of a more than 10-year federal investigation.

Tags: FMCSA, Florida, California, Office of Inspector General, Crime & Fraud, Fleets, Household Goods Movers

April 17, 2014 - Industry News

Judge Overrules FMCSA Shutdown Order of Illinois Trucking Company

Just over two weeks after the Federal Motor Carrier Safety Administration ordered an Illinois-based trucking company to shut down all interstate movements, a federal judge on Wednesday ruled it can return to the roadway.

Tags: FMCSA, Drivers, Regulations, Hours of Service, Safety & Compliance, Litigation, Enforcement, CSA, Illinois

April 16, 2014 - Industry News

DOT Secretary Bus Tour Rolls for Transportation Funding

Transportation Secretary Anthony Foxx speaks to an audience in Birmingham, Ala. Photo: Evan Lockridge

Anthony Foxx is on the road this week emphasizing the importance of infrastructure funding, with the Obama Administration concerned about the ability to pass a new long-term highway funding authorization before two key deadlines.

Tags: Congress, Infrastructure, Highway Funding, Highways, Anthony Foxx, U.S. Congress, President Obama, Highway Trust Fund, Alabama

April 16, 2014 - Industry News

Spot Market Freight Rates Retreat Yet Still Healthy

Following several weeks of increases spot market freight rates and the number of loads available have fallen over the past week, according to the freight matching service provider DAT.

Tags: Freight, Spot Freight, DAT Transcore

April 16, 2014 - Industry News

One Indicted for Falsifying Trucker Drug Test Results

A federal grand jury in Pittsburgh, Penn. early this month indicted one person in connection with a scheme to defraud trucking companies over drug test results of drivers.

Tags: Regulations, Drug Testing, Pennsylvania, Office of Inspector General, Crime & Fraud, Safety & Compliance

April 16, 2014 - Industry News

Woman Sentenced in Double Brokering Freight Scam

A federal court has sentenced a Georgia woman after pleading guilty late last year in a double brokering scheme.

Tags: Georgia, Office of Inspector General, Crime & Fraud, Brokers

April 16, 2014 - Industry News

Carrier Sues Illinois Over Rolling Stock Tax Exemption

A trucking company has filed a lawsuit against the Illinois Department of Revenue over it disallowing the states rolling stock sales tax exemption on one of its pieces of equipment.

Tags: Taxes, Illinois, Fleets, Litigation

April 16, 2014 - Industry News

Economic Watch: New Home Starts Mixed, Industrial Production Up

The number of new home starts in the U.S. picked up slightly in March but is below the pace from a year earlier, according to a new U.S. Commerce Department report.

Tags: Economy, Industrial Production, Home Starts

April 16, 2014 - Industry News

Three Major LTLs Commit to uShip

Online freight marketplace uShip has announced three top national less-than-truckload carriers have committed to uShip’s shipper-direct LTL spot rate marketplace.

Tags: Con-way Freight, Information Technology, Old Dominion Freight Line, LTL, uShip, Fleets, YRC Freight

April 16, 2014 - Industry News

Stabilis Energy to Purchase Encana Natural Gas Inc.'s Domestic LNG Business

Stabilis Energy announced that it has signed a definitive agreement to purchase substantially all of the U.S. based assets of Encana Natural Gas Inc.

Tags: LNG, Stabilis Energy, Encana Natural Gas Inc.

April 15, 2014 - Industry News

Marten Transport Profit Falls 26%

Marten Transport on Tuesday reported net income of $5.3 million, or 16 cents per diluted share, in the first quarter of the year, compared with $7.2 million, or 22 cents per diluted share, in the first quarter of 2013.

Tags: Fleets, Earnings, Marten Transport

April 15, 2014 - Industry News

Light Blinking Red for Highway Trust Fund

Click to enlarge.

The Highway Trust Fund is likely to run into the red by September, according to the latest update from the Department of Transportation. In its most recent monthly status report, DOT shows the fund’s cash balance dipping below zero in late August or the first week of September.

Tags: Highway Funding, Highway Trust Fund, MAP-21

April 15, 2014 - Industry News

Fleet Owner Gets Light Sentence Over Bribing FMCSA Inspector

The owner of a Massachusetts trucking company got far less than the maximum penalty for attempting to bribe a Federal Motor Carrier Safety Administration official.

Tags: FMCSA, Federal Motor Carrier Safety Administration, Crime & Fraud, Fleets, Safety & Compliance

April 15, 2014 - Industry News

Update Next Month on Federal Truck Size and Weight Limits Study

The U.S. Transportation Department’s Federal Highway Administration is holding a webinar next month to provide an update on the progress of its Comprehensive Truck Size and Weight Limits Study.

Tags: Regulations, Federal Highway Administration, U.S. Department of Transportation, Safety & Compliance, FHWA, Truck Weights, US DOT, Truck Sizes

April 15, 2014 - Industry News

Motor Carrier Safety Advisory Subcommittee Meeting on CSA Set

The Federal Motor Carrier Safety Administration has announced a date of April 29 and 30 has been set for the next meeting of the Motor Carrier Safety Advisory Committee's Compliance, Safety, Accountability subcommittee in Arlington, Va.

Tags: FMCSA, Regulations, CSA, Federal Motor Carrier Safety Administration, Safety & Compliance, SMS, MCSAC

April 15, 2014 - Industry News

Economic Watch: Inflation in Check, Homebuilder Confidence Rises

A new report shows inflation remains in check with consumer prices increasing 0.2% in March, following a 0.1% gain in February, according to the U.S. Labor Department.

Tags: Economy, Consumer Prices, Home Building

April 15, 2014 - Industry News

Some TSA TWIC Services to be Temporarily Offline

The Transportation Security Administration says it is upgrading its technology to improve reliability, expand capabilities, meaning some specific TWIC card services will be temporarily unavailable.

Tags: Drivers, Regulations, Transportation Security Administration, TWIC

April 15, 2014 - Industry News

NPTC Honors 4 Drivers for Long, Safe Careers

NPTC feted Hall of Fame drivers and their wives at its convention this week. From left: Tina and Roger Herron, Janet and Bob Purcell, Deb and Ray Sanderson, and Maizelette and Nathan Tandel.

CINCINNATI -- "Love of family" and belief in the Golden Rule are common among industry veterans feted by private fleet group.

Tags: Drivers, Driver Safety, Safety, Private Fleets, NPTC

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