Business

Cargo theft update: Load value jumps as thieves target high-value freight

| October 29, 2014

The average loss value per cargo theft incident in the third quarter of 2014 jumped 100 percent from 2013’s third quarter $321,521, while the number of thefts fell. Here's what loads were hot, what states they occurred in and the methods used.

Data on cross-border program insufficient, FMCSA committee says; Mex carriers continue operation

| October 29, 2014

An FMCSA advisory committee approved a report critical of the U.S.-Mexico cross-border pilot program, notably the program's lack of inspection data and participation. Mexican carriers in the program now have full authority to operate in the U.S.

Division on liability insurance hike in the spotlight at regulatory meeting

| October 28, 2014

An FMCSA advisory committee discussion offered insight into how the agency will proceed with its rulemaking to increase liability insurance minimums and the potential consequences facing small business truckers if and when an increase occurs.

Bay & Bay boosts retention bonus

| October 28, 2014

Bay & Bay Transportation of St. Paul, Minn., increased its retention bonus for qualifying mileage contractors and company drivers by 1 cent for every dispatched mile driven, both loaded and empty, until Sept. 30, 2015. This ...

Diesel price continues skid, hits 3.5-year low

| October 28, 2014

The national average price for a gallon of on-highway diesel hit its lowest point in nearly five years in the week ended Oct. 27, falling 2.1 cents to $3.635.

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