Business

House passes short-term highway funding patch

The U.S. House of Representatives passed Tuesday a 60-day extension of federal highway funding, extending a 2014 patch through the end of July.

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Freight volumes: Up last week on the spot market in spite of falling economic conditions

All the same, economist Noel Perry of FTR and Truckstop.com sounded some sour notes on economic outlook in the weekly Trans4Cast newsletter on spot freight trends and more.

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E-log mandate: DOT’s latest projected dates for it, fuel economy standards and other 2015 regs

The latest projections for major trucking regulations in the DOT's pipeline.

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Speed limiter mandate one step closer to publication, sent to White House for approval

A proposed federal rule to require the installation and use of speed limiters on heavy trucks has been sent from the DOT to the White House’s Office of Management and Budget for its approval.

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Bill would put the brakes on Wireless Roadside Inspection

As with truck systems, inspections could see in relatively short order a future in which more happens with less human involvement. Recent draft DOT appropriations bill item seeks to curb "Wireless Roadside Inspection" pending DOT's addressing of industry, enforcement concerns.

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Alternative to factoring launches

Unlike traditional bank lending and factoring arrangements, BamWire doesn't require personal guarantees and lets clients retain ownership and control of their receivables. Trasaction fees, interest charges make up costs.

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Carrier who sued Pilot over fuel rebate fraud now claims truck stop chain lied about diesel prices

Wright Transportation has amended its lawsuit against Pilot Flying J to accuse the truck stop chain and fuel provider of fudging its diesel fuel prices to defraud the carrier out of owed fuel rebates.

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

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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