Trucking Freight Futures Market Activity 10-14-2019
Trucking Freight Futures Market Activity 10-14-2019 – by: Layla Rapp @ FreightWaves Source and credits: freightwaves.com / Layla Rapp / iTrucker / Mario Pawlowski
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Another trucking company files for bankruptcy as lawsuits pile up
Story by: Clarissa Hawes @FreightWaves The owner of a Kentucky-based trucking company filed for bankruptcy protection following a slew of lawsuits filed after one of his drivers was convicted of causing a fatal crash that killed six people in June 2015. Billy Ray Sizemore, the owner of Cool Runnings Express Inc. of London, Kentucky, filed […]
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Volvo Trucks will lay off 3,000 workers because of UAW strike at Mack Trucks
Story by: Alan Adler @ FreightWaves I The impact of a United Auto Workers’ strike at Mack Trucks will nearly double next week when Volvo Trucks North America lays off about 3,000 employees because of a lack of engines and transmissions that come from a Maryland plant the companies share. A Volvo Group spokesman on Thursday confirmed […]
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Now bankrupt Canadian trucking company owed millions to U.S. lender (with video)
Story by: Nate Tabak, Canada Correspondent @ FreightWaves Canadian trucking company FTI owed more than C$18 million to creditors when it filed for bankruptcy in September, according to court filings that offer a glimpse into one of the few known Canadian trucking failures in 2019. FTI Holdings, which closed in August alongside its U.S. sibling HVH, owed C$16 […]
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Weekly Fuel Report 10-16-19
Weekly Fuel Report by:Emily Ricks @ American Shipper/ FreightWaves Source and credits: freightwaves.com / American Sipper / Emily Ricks / iTrucker / Mario Pawlowski
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Cass says data continues to point toward economic contraction including freight shipments
Story by: Todd Maiden @ FreightWaves I Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. According to the report, shipments declined 3.4% in September, the tenth straight month of year-over-year declines. On a month-over-month comparison, the index improved 0.8% to its best reading […]
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Tokyo freight infrastructure stands up to the wrath of Super Typhoon Hagibis
Story by: Jim Wilson, Australia Correspondent @ FreightWaves Although Super Typhoon Hagibis has caused catastrophic floods, mudslides and at least 68 tragic deaths in Japan, FreightWaves understands from local sources that Tokyo’s critical freight infrastructure – seaports and airports – are undamaged. Japan’s wider logistics network is suffering from a miscellany of damage such as flooding. FreightWaves […]
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Jury slaps Werner Enterprises with $40.5 million ‘nuclear verdict’ in fatal crash
Story by: Clarissa Hawes @FreightWaves A New Mexico jury awarded the family of a woman killed in a February 2017 crash involving a student driver for Werner Enterprises Inc. around $40.5 million in damages on Oct. 11 following a two-week trial. “Nuclear verdicts” are described as jury awards in which penalties exceed $10 million. According […]
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Huge beer cargo spilled, trucker high on meth caused a fiery crash and more…
Story by: Jim Wilson, Australia Correspondent @ FreightWaves It has been a dramatic week in Australian trucking. A truck driver has been jailed for being high – both metaphorically AND literally – during in a big truck crash. There was the tragic case of a strip club driver dying in a head-on crash with a truck. And […]
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