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Browse stories from the iTrucker archive.

News · May 22, 2020

Hertz files for bankruptcy as coronavirus is keeping affecting the economy

By: Mario Pawlowski CEO at iTrucker Hertz, one of the largest car rental company in the world, filed for Chapter 11 bankruptcy this Friday after failing to reach an agreement with lenders, The Wall Street Journal first reported. Hertz was operating one of the largest worldwide vehicle rental companies under the Hertz, Dollar, and Thrifty brands, with car rental locations in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. According t

News · May 22, 2020

$26.5 million ‘nuclear verdict’ stands in fatal Oregon road-rage crash

Smacked with a $26.5 million jury award nearly a year ago in a lawsuit stemming from a fatal road-rage crash, Horizon Transport of Wakarusa, Indiana, has failed in its appeal to have the amount lowered. The case was recently resolved with the verdict intact through a voluntary mediation program offered by the U.S. Court of Appeals for the 9th Circuit. “The case has been settled on terms mutually agreeable to everyone,” R. Daniel Lindahl of Bullivant Houser Bailey PC told FreightWaves. He was amo

News · May 21, 2020

Legal woes force another trucking company to file for bankruptcy

Story by: Clarissa Hawes at FreightWaves DM World Transportation LLC of Longwood, Florida, has filed for Chapter 11 bankruptcy protection. This action comes just two weeks after a trailer leasing company filed a motion for final summary judgment in a breach-of-contract lawsuit against the carrier and its CEO for nearly $1.3 million. In its filing with the U.S. District Court for the Middle District of Florida, DM World lists assets ranging from $1 million to $10 million and liabilities between $

News · May 20, 2020

ELD provider, Samsara lays off 18% of workforce

Story by: Linda Baker, Staff Writer at FreightWaves ELD and fleet management solutions provider Samsara announced Wednesday it was laying off 300 employees, 18% of its workforce, as the company responds to the coronavirus downturn. “It’s now clear that COVID-19 has become the most significant economic event in the past 100 years,” CEO Sanjit Biswas said in a blog post, and “since the outbreak, we’ve had to plan for scenarios that were unimaginable just a few months ago.” Geographic areas impacte

News · May 18, 2020

Coronavirus is taking a bite out of the truck drivers pool

Story by: John Gallagher, Washington Correspondent at FreightWaves Trucking companies are realigning hiring practices to focus on experienced drivers as the supply of student truck drivers falls dramatically because of COVID-19. The shift is a direct result of driving schools that have closed and state driver licensing agencies (SDLAs) that have either cut back hours or shut down entirely during the pandemic. This is constricting the pipeline of entry-level drivers that many carriers rely on for

News · May 18, 2020

Comcar dropped $25 million in 2019 before Chapter 11 bankruptcy filing

Story by: John Kingston at FreightWaves The bankruptcy of privately held Comcar was fueled by the same weak trends that have befallen many trucking companies, with the added burden of a significant amount of debt. Comcar filed its bankruptcy documents in Delaware on Sunday, May 17, along with a public announcement of its Chapter 11 filing and the sale of its operating units. Unlike the bankruptcy of Celadon, the bankruptcy and breakup do not show any signs of leaving drivers stuck out in the fie

News · May 17, 2020

Trucking company with 4000 trucks files for Chapter 11 bankruptcy, plans to sell subsidiaries

Story by: John Kingston at FreightWaves.com Motor carrier holding company Comcar Industries announced on Sunday, May 17, that it has filed for court-supervised bankruptcy protection and plans to liquidate by selling off its five trucking companies. The company employs 4500 and has 4000 trucks, according to Comcar’s website. In terms of size, Comcar was bigger than Celadon when it filed bankruptcy in late 2019, but the prepackaged bankruptcy that Comcar has organized will be more structured and s

News · May 16, 2020

3PL provider pays $152,000 to recover Celadon trucks ‘quarantined’ in Mexico

Story by: Noi Mahoney at http://FreightWaves.com iTrucker A Chattanooga, Tennessee-based company had to pay more than $150,000 to retrieve five Celadon trucks “quarantined” in Mexico back in December, according to recently released court documents. The court filings are part of the U.S. Bankruptcy Court for the District of Delaware hearings for trucking company Celadon Group, which filed for Chapter 11 bankruptcy on Dec. 9. Sese Logistics U.S. had to pay $152,433 in fees and expenses to obtain t

News · May 15, 2020

Truckers outside White House used air horns to disrupt Trump press conference (with video)

Story by: Mario Pawlowski CEO at iTrucker Hundreds of truckers started honking in protest during President Trump press conference. They are protesting against low shipping rates and "price gouging" by the freight brokers, among other issues that are "killing" the trucking industry as we know it. “Those are trackers that are with us all the way. They’re protesting in favor of President Trump, as opposed to against, and that’s a sign of love, not the sign of your typical protest, so I want to than

News · May 14, 2020

Safety advocates considering HOS rules challenge

Story by: John Gallagher, Washington Correspondent at FreightWaves.com Two of the safety groups that have been most vocal in opposing the hours-of-service (HOS) changes since they were first proposed in 2018 were still considering on Thursday whether to challenge them immediately after they were rolled out in the final form. The public has 30 days to file a petition for reconsideration with the Federal Motor Carrier Safety Administration (FMCSA) after the final rule is published in the Federal R

News · May 14, 2020

FMCSA revealed Hour of Service (HOS) final rule (with video)

Story by: Mario Pawlowski CEO at iTrucker According to an official press release from fmcsa.dot.gov, "FMCSA revises the Hours of Service (HOS) regulations to provide greater flexibility for drivers subject to those rules without adversely affecting safety." The new rules are as follows: (1) expands the short-haul exception to 150 air-miles and allows a 14-hour work shift to take place as part of the exception (2) expands the driving window during adverse driving conditions by up to an additional

News · May 14, 2020

Pre-merger surge drives Nikola Motor value to $12 billion

Story by: Alan Adler at FreightWaves.comFuel cell electric truck maker Nikola Motor valuation explodes in one week of frenzied tradingBefore building a single vehicle for sale, the valuation of fuel cell electric truck maker Nikola Corp. quadrupled to about $12 billion during a week of frenzied trading in shares of its merger partner. Double-digit daily upward moves in VectoIQ, the NASDAQ-traded holding company that is acquiring Nikola in a reverse merger, sent VTIQ shares as high as $35.38 earl