Business

Former trucking company operator sentenced to 3 years, fined $500k for brokerage scheme

The former operator of an Illinois-based trucking company who pleaded guilty in December to wire fraud has been sentenced to three years in prison and ordered to pay $532,000 for double-brokering loads.

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Cargo theft update: Value increases as number of thefts falls

The average loss value per cargo theft incident in the first quarter of 2015 jumped 25 percent from 2014’s first quarter to $256,966, while the number of thefts fell, according to the quarterly cargo theft trends report from FreightWatch International.

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Bill dictating direction of hours-of-service restart rollback, insurance rule advances

The 2016 DOT funding bill that would keep in place the current hours-of-service suspension until FMCSA can justify the HOS rule changes put in place in July 2013 and block FMCSA from increasing carrier insurance minimums.

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Video: Riding in Freightliner’s autonomous truck, how drivers interact with autonomous features

Freightliner unveiled North America’s first state-licensed autonomous truck earlier this month at a press event in Las Vegas. Overdrive had the chance to ride in the truck, the Inspiration, last week following the truck's debut.

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Analyst: CSA ‘sea change’ coming

Following broad movement among motor carrier groups and individual interactions at the Congressional level and throughout government, more than 80 percent of readers say yes to pulling back the reins on the CSA program.

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NTSB pushes driver-facing camera systems in report, makes bevy of rec’s

The National Transportation Safety Board recently released a report pushing the benefits of onboard video systems for commercial trucks and made recommendations to several organizations to improve the use of the systems.

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Another look at April rates: Spot market rates in all three segments tilt toward carriers (with charts)

Posted rates on the spot market in April didn’t continue the upward trend seen in March, according to the latest data from Truckstop.com, but paid rates — the actual amount paid to carriers after negotiation with brokers and shippers — climbed in all three segments in the month.

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April volume, rates: Spot load availability falls, base linehaul rates rise

Controlling for declines in fuel prices, base line-haul rates were up in April viewed year over year, suggesting a continuing good rate negotiating environment for independents able to secure freight.

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Online Interface Makes it Easier for Drivers to Find Need-it-Now Parts

ACT Expo 2015: Cummins introduces new natural gas engine, Penske gets alt-fuel grant, Rush unveils new tech

The Alternative Clean Transportation Expo in Dallas, Texas, last week resulted in several big announcements regarding natural gas and the trucking industry.

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Teamsters split votes at FedEx, lose another at Con-way

The Teamsters Union's continued campaigns to organize drivers at FedEx Freight and Con-way Freight saw mixed results in recent months, as has been the trend since the union began its efforts last year to affiliate drivers at the two carriers, two of the country's largest, with the nationwide driver union.

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