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NewsOctober 12, 2015

Maverick President to Retire, Successor Named

Maverick president and chief operating officer, Stephen Selig has announced his retirement and the company has named executive vice president and chief financial officer, John Culp, his successor.

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NewsOctober 12, 2015

Arrow Trucking CEO Sentenced to 7.5 Years for Tax Fraud

The former head of the defunct carrier Arrow Trucking, James Douglas Pielsticker, has been sentenced to 7 ½ years in prison for tax evasion and fraud.

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Newsby Evan LockridgeOctober 9, 2015

Spot Freight Market Steady, Rates Down

Spot market freight volume remained relatively stable in September, edging down only 0.6% month over month as rates declined from both the month before and a year earlier, according to monthly numbers from DAT.

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Newsby Deborah LockridgeOctober 8, 2015

Slow Economic Growth Likely to Continue; Fed Policy Big Unknown

One economist is predicting continued slow growth for the economy, but believes our current economic models aren’t working when it comes to federal fiscal policy.

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Newsby David CullenOctober 8, 2015

Truck Size/Weight Study Dinged by Outside Agency

The Dept. of Transportation’s Comprehensive Truck Size and Weight Limits Study “lacks a consistent and complete quantitative summary of the alternative configuration scenarios... and major categories of costs are not estimated,” contends a study review released by the Transportation Research Board.

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NewsOctober 8, 2015

Freight Slowdown Will Drive More Mergers & Acquisitions

Trucking companies are bracing for a slowdown in their business, with many looking to mergers and acquisitions for growth instead, according to reports this week in The Wall Street Journal.

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Newsby David CullenOctober 7, 2015

DOT Issues $5 Million in Emergency Relief for South Carolina Roads

The Dept. of Transportation announced on Oct. 6 the “immediate availability” of $5 million in emergency relief funds from the Federal Highway Administration to the South Carolina Dept. of Transportation to help repair roads and bridges damaged by the recent rain-driven flooding that has crippled the state.

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Newsby Evan LockridgeOctober 7, 2015

Rates Fail to Follow Increased Load Posts on Spot Market

The number of posted loads on the spot market jumped 5.7% for week ending Oct. 3, as shippers rushed to move inventory before the end of the quarter while available truck capacity fell 4.5%, but the changes were not enough to advance rates.

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ProductsOctober 6, 2015

SecureFuel Provides Transparent Fuel Payments

Electronic Funds Source’s SecureFuel is a payment solution fleets that allows fleets to visualize fuel consumption and purchases at a unit level.

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Newsby David CullenOctober 6, 2015

Yokohama Celebrates Launch of U.S. Truck Tire Production

The first Yokohama tire plant—which will exclusively produce truck and bus tires-- built in the U.S. from the ground up is now up and running, a scant two years after the company broke ground on a greenfield site within Mississippi’s Golden Triangle business-development region.

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