Colonial pipeline starts returning to normal, $5 million ransom was paid to hackers according to sources
Colonial Pipeline’s operations are getting back to normal rapidly, with the company saying Thursday morning that deliveries of petroleum products have “commenced in a majority of the markets we service.” The reaction in commodity markets undercuts the suggestion of recent days that the Colonial outage was not having a bullish impact on ultra-low sulfur diesel […]
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Former trucking company owner indicted in an alleged conspiracy to defraud the FMCSA
Story by: Clarissa Hawes, Senior Editor, Investigations and Enterprise at FreightWaves.com A former trucking company owner was recently indicted by a federal grand jury in New York in an alleged conspiracy to defraud the Federal Motor Carrier Safety Administration (FMCSA) about the company he controlled and affiliated entities. Tony “Anatoliy” Kirik, 39, of […]
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Freight fraud: Burgeoning double-brokering scheme
Story by: Clarissa Hawes, Senior Editor, Investigations and Enterprise at FreightWaves Part 1 of a two-part investigation into an alleged double-brokering scheme from Southern California Frustrated with freight brokers and carriers being looted by a sophisticated network of load-board scammers posing as legitimate companies, Joe Howard created a spreadsheet to track a list […]
Learn MoreDiesel shortages starting to rise in Southeast after Colonial Pipeline closure
Story by: John Kingston at FreightWaves Racetrac, Love’s and Pilot Flying J release list of stations with gasoline and diesel outages due to Colonial Pipeline shutdown Major fuel suppliers in the Southeast are starting to list an increasing number of outlets with no diesel supplies as the shutdown of Colonial Pipeline heads into […]
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US considering foreign tankers to move domestic fuel supplies in a wake of Colonial Pipeline shutdown
Story by: John Gallagher, Washington Correspondent at Freightwaves Jones Act waiver process underway to assess availability of US ships for pipeline replacement cargos The U.S. Department of Transportation (DOT) is assessing if American tankers can meet emergency fuel demands caused by the Colonial Pipeline shutdown or if foreign ships will be needed to help fill […]
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Driverless, cab-less truck builder Einride raises $110M to expand in the US and Europe
Story by: Alan Adler at FreigtWaves Scaling is a priority but not thinking about going public — yet Sweden-based Einride, whose driverless and cab-less freight pods (trucks) run on electricity, has raised $110 million in a Series B funding round. First-time investors include Soros Fund Management LLC; Singapore’s Temasek Holdings Ltd.; […]
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Freight brokers want Congress to call out illegal dispatching services
Story by: John Gallagher, Washington Correspondent at FreightWaves, Monday, May 10, 2021 TIA may seek clarification of broker regulations as part of highway bill The nation’s largest advocate for truck brokers (TIA) is looking to Congress to help clarify regulations with the goal of eliminating illegal dispatching – potential changes that have riled […]
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Lion Electric will build electric trucks in Joliet, Illinois
Story by: Alan Adler at FreightWaves Plant in Joliet will convert from warehouse to manufacturing On its first day of public trading, Canada’s Lion Electric Co. made good on a pledge to expand manufacturing in the U.S., investing $70 million to convert a partially finished warehouse in Joliet, Illinois, into a plant to […]
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Trucking companies trying to force freight brokerage into bankruptcy
Story by: Clarissa Hawes, Senior Editor, Investigations and Enterprise at FreightWaves A coalition of trucking companies filed a petition on Monday to force an Indianapolis-based freight brokerage into Chapter 7 bankruptcy proceedings for unpaid transportation services. The involuntary Chapter 7 bankruptcy petition, filed in U.S. Bankruptcy Court for the Southern District of Indiana, […]
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