Using data to protect trucking companies.
An Illinois-based trucking company has filed Chapter 11, citing a jury award of $10 million in December following a 2019 fatal truck crash involving one of its drivers.
A California judge awarded $23.7 million, considered a “nuclear verdict” because it exceeds $10 million, to a motorcyclist whose lower leg was amputated after he was struck by a work truck in Los Angeles.
An Arkansas-based trucking company, RCX Solutions, filed for Chapter 7 liquidation on Monday, nearly a year after it shuttered operations when it was unable to climb out of debt following a $23 million nuclear verdict.
In today’s edition of The Daily Dash, a Florida jury awards a plaintiff $411 million in the latest nuclear verdict. Plus, a lack of freight capacity has some worrying about holiday shipping delays, and Toyota and Hino will bring a Class 8 fuel-cell electric truck to the U.S. next year.
Better safety systems and driver environment monitoring can help fleets reduce the number of truck-related accidents.
In today’s edition of The Daily Dash, markets remain on fire and indications are it may continue that way for quite a while. Plus, portions of I-10 reopen following Hurricane Laura and hearing impaired truckers seek relief from certain CDL requirements.
As the size of jury awards has grown, trucking fleets are dealing with how to mitigate the rest. Many are turning to technology.
FreightWaves teamed up with Gulf Winds International to discuss how massive jury awards are taking a lasting toll on carriers.
$26.5 million ‘nuclear verdict’ stands in fatal road-rage crash in Oregon
