A federal jury found former Roadrunner Transportation Systems CFO Peter R. Armbruster guilty on four counts of violating federal securities laws in a $245 million securities and accounting fraud scheme. It acquitted two former controllers of Roadrunner’s truckload division.
Market leader Daimler Truck expects to be its own entity by the end of the year after Daimler AG votes to create two companies.
The company’s earnings per share tripled the prior-year results due to strong demand, favorable comparisons with 2020’s second quarter.
Trucking fleets that still use pen and paper to meet their recordkeeping requirements are adding unnecessary costs and complexity, and upping the chance of a recordkeeping violation during an FMCSA audit.
“The fix wasn’t sitting on a shelf,” Tennessee Department of Transportation Commissioner Clay Bright said about the Hernando de Soto Bridge repairs that started in mid-May.
Canada is reopening its borders to vaccinated Americans. AskWaves explains why this will help fuel demand for freight in the hospitality sector.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: More investment, manufacturing jobs for Mexico; new 3,000-acre logistics hub for Texas; TUM Logistics acquires 110 Kenworth tractors; and CBP seizes 6 kilos of DMT en route to Arkansas.
Lawmakers controlling the purse strings in Congress urge FMCSA and NHTSA to take action on their safety directives in 2022.
Can Brad Jacobs lift the conglomerate’s discount off of XPO’s back and still maintain its non-LTL businesses?
Governors have the ability to waive federal law for 30 days and four recently have taken action and cited the lack of truck drivers.
It is impossible to predict exactly when an incident will occur on the road. It is possible, however, to have a predictable system for processing safety issues and handling corrective training, driving down the odds of the same types of issues continuing unchecked.
The Federal Motor Carrier Safety Administration has declared a North Carolina man an imminent hazard after commercial vehicle inspectors stopped him three times in three states in February and March and placed him out of service. FMCSA said he didn’t possess a valid CDL and containers of alcohol were found in his truck cab.
Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after Consolidated Glass Holdings Inc. and its subsidiaries — J.E. Berkowitz, Shaw Glass Holdings and Columbia Commercial Building Products — shuttered operations and filed Chapter 7 bankruptcy in mid-July.
USA Truck reported second-quarter net income of $4.2 million, after reporting a loss of $900,000 in the same period a year ago.
TCA firmly believes the trend of California-specific legislation becoming the national standard must end.
Truck Talk is a weekly newsletter offering perspective and context on the trucking industry.
Also on this week’s podcast: A shoutout to fuel surcharges.
The past week in images features train cars used to fight fires, a wreck caused by a dust storm, a trucker who flipped in floodwaters and more.
Shipping and fulfillment costs continue to escalate at double-digit levels.
The Omaha, Nebraska-based transportation and logistics provider reported second-quarter adjusted earnings of 86 cents per share.
