News
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 […]
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$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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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