Crisis or hype? Transportation industry insiders have differing views on coronavirus
Story by: Brian Straight at FreightWaves Rick Brumett, Transportation Insight vice president of client solutions, said the 2003 global outbreak of severe acute respiratory syndrome (SARS) caused a 2.3% reduction in global economic expansion. The current coronavirus (COVID-19) pandemic could triple that, he said. “When the coronavirus started to hit epidemic proportions, the Chinese New Year […]
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FMCSA likely to grant Hours of Service waiver for all of the US
Story by: John Kingston at FreightWaves An emergency proclamation suspending an undefined part of the Hours of Service (HOS) rules through the entire U.S. is expected to be granted by the Federal Motor Carrier Safety Administration (FMCSA), according to the American Trucking Associations (ATA). The federal waiver will come as HOS rules were falling […]
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CLS Express to close San Antonio operation
Story by: Noi Mahoney at FreightWaves Cargo Leasing Services, also known as CLS Express, is citing the loss of “certain customer contracts” as the reason it will permanently close its San Antonio operation and lay off 60 employees. “This cessation of operations and closing of the CLS San Antonio facility is due to recent […]
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Largest trucking show (MATS) gets canceled due to coronavirus outbreak
By: Mario Pawlowski at iTrucker The largest trucking show in the United States a Mid America Trucking Show (MATS) is canceled due to coronavirus outbreak. Show website truckingshow.com just informed about the cancelation: “It is with a heavy heart and deep regret that we announce the cancellation of the 2020 Mid-America Trucking Show scheduled […]
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Trucking industry campaign contributions skew Republican
Trucking industry campaign contributions generally favor Republicans. But although the numbers can be difficult to parse, some industry observers see growing support for Democratic candidates — even as companies and owner-operators become increasingly disenchanted with both political parties. Federal law does not allow corporations to donate money directly to candidates or national party committees. But […]
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Wisconsin trucking company shuts down, blaming insurance and maintenance costs
Story by: Clarissa Hawes at FreightWaves After 13 years in business, 101 Transport Inc. of Hudson, Wisconsin, has ceased operations, citing skyrocketing insurance rates and maintenance costs as the main reasons behind the decision to close. Tom Dahlberg, owner of 101 Transport, said the death knell for his company was when his insurance rates […]
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StradVision developed AI-based animal detection system for autonomous vehicles
Story by: Linda Baker, Staff Writer at FreightWaves StradVision, an Artificial intelligence-based (AI) camera perception system, has announced it is developing animal detection capabilities for its SVNet software, which is used in advanced driver assist systems as well as autonomous vehicles. StradVision CEO Junhwan Kim said in a statement that the new software will […]
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Coronavirus impact on airlines could reach $113 billion
Story by: Eric Kulisch, Air Cargo Market Editor at FreightWaves/American Shipper The International Air Transport Association now predicts the coronavirus will cause a much bigger loss in revenues for commercial airlines this year. IATA expects total revenue losses between $63 billion and $113 billion depending on the spread of the coronavirus. The losses are […]
Learn MoreHours-of-Service (HOS) new rules sent to OMB for final review
Story by: John Gallagher, Washington Correspondent at FreightWaves Major changes to federal hours-of-service (HOS) regulations have been sent to the White House Office of Management and Budget (OMB) for final review after two years of revisions and thousands of public comments. Jim Mullen, Acting Administrator of the Federal Motor Carrier Safety Administration (FMCSA), announced […]
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