News
Bookkeeper sentenced to five years in prison for embezzling over $800,000 from Indiana trucking company
An Indiana woman was sentenced Sept. 11 to nearly five years in federal prison for embezzling more than $800,000 from a trucking company. According to the article from the freightwaves.com and its author Clarissa Hawes Once released from federal prison, Lucy Owens, 42, of Hobart, Indiana, will serve one year of supervised release and has […]
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Used truck sales are slumping for 10th consecutive month
Preliminary used Class 8 truck sales fell 25% in August compared with the same month in a booming 2018 and are running 18% lower year to date, according to ACT Research. According to the article from freightwaves.com and its author Alan Adler August was the 10th consecutive month of lower used truck sales on month-over-month and […]
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Truckers should fill up their tanks as Diesel price could surge $.60 per gallon this week
Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, while most of the U.S. was settling in for a weekend of high school, college and professional football, the world’s second-largest oil producer was struck […]
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Oil prices likely to surge at Sunday’s opening after a drones attack on Saudi Arabia refinery
After months of overall stability in the market for oil, prices are almost surely going to go on a roller-coaster when global markets open at 6 p.m. Eastern time on Sunday, September 15.According to the article from the freightwaves.com and its author John Kingston A drone attack on numerous Saudi oil facilities–including a possible attack […]
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It’s a Truckers appreciation week, so let’s appreciate them
Mario Pawlowski CEO at iTrucker Truckers appreciation week is a good time to remind the nation how important the truck drivers are. There are more than 3.6 million truck drivers in the US, according to the American Trucking Association (ATA). Out of those, there are more than 1.7 million tractor-trailer drivers, according to the U.S. […]
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Insurance group cautions against FMCSA’s Hours of Service changes proposal
Federal regulators and a group representing auto insurers are backing conflicting data on the safety implications of new potential hours-of-service (HOS) exemptions for short-haul drivers. According to the article from the freightwaves.com and its author John Gallagher The nonprofit Insurance Institute for Highway Safety (IIHS), which promotes motor vehicle crash safety and is backed by […]
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Daimler begins Level 4 autonomous trucks testing on public roads
Daimler Trucks is testing high-automation trucks on public roads in Virginia, following through on a pledge to make Level 4 automation a reality this year. According to the article from the freightwaves.com and its author Alan Adler The subsidiary of Stuttgart, Germany-based Daimler AG accelerated its testing efforts through the purchase of 13-year-old software provider Torc […]
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Cargo vessel capsizes off Georgia, search for crew continues
The roll-on, roll-off cargo vessel Golden Ray capsized early Sunday morning, Sept. 8, in St. Simons Sound after departing from the Port of Brunswick, Georgia.According to the article from the freightwaves.com and its author Todd Maiden According to the U.S. Coast Guard (USCG), 20 crew members have been rescued and four remain missing, with a […]
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Trucking Freight Futures Market Activity 9-3-2019
Source: freightwaves.com / Layla Rapp iTrucker / Mario Pawlowski
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