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Business: Page 41
Business
Fuel prices post another increase, and spot rates finally adjust upward
With an 11-cent increase during the last week, diesel prices are up 43 cents over the last three weeks, finally moving spot rates in the last week. Also: CRST gets extension for waiver that allows pre-CDL drivers to run team; latest Highway Angel.
August 8, 2023
Regulations
FMCSA missing mark on compliance reviews of Mexican carriers: Report
A DOT OIG report found that, despite a federal requirement to conduct compliance reviews of Mexico-domiciled carriers within 18 months of provisional authority, FMCSA has not been timely. Also: Electric trucks recalled; Colorado driving tips.
August 7, 2023
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Overdrive Radio
She makes car-haul look easy: Trucker of the Month Crystal Rives
After hauling in the Texas oilfields as well as side dump, end dump, and liquid-bulk tanker and more, she's growing a base of car-haul customers under her own shingle. All this while guided by lessons learned from her grandfather.
August 7, 2023
Business
Yellow files Chapter 11 bankruptcy
Yellow ends months, if not years, of speculation and files bankruptcy just short of its 100th anniversary.
August 7, 2023
Business
Former Yellow employee files suit over layoff notice | I-96, I-75 closures
The former dock worker alleges Yellow didn't provide legally required 60-day notice before nearly 30,000 employees were laid off. Also: House bill to repeal driver training regs reintroduced; Michigan interstate closures this weekend; more.
August 4, 2023
Business
How a Yellow bankruptcy would influence freight, used truck markets
If Yellow's 15-year flirtation with bankruptcy ends, it would spell higher rates for LTL carriers and pockets of the spot market, and put sought-after late model used equipment in the market.
August 3, 2023
Business
Diesel prices rocket past $4/gallon
The national fuel price average has shot up 32 cents over the last two weeks. Also: Schneider acquires dedicated contract fleet M&M Transport; Women in Trucking accepting Influential Woman in Trucking award nominations.
August 2, 2023
Business
Yellow puts its 3PL business up for sale
Yellow Corporation on Thursday said it is exploring the sale of its 3PL, Yellow Logistics, Inc., and is currently engaged in "active and ongoing" conversations with multiple suitors.
July 27, 2023
Trucker of the Year
Owner-operator Crystal Rives makes hay of car-haul work in Texas
'She's got her business in line' -- that's the single biggest thing that makes owner-operator Rives an inspiration to fellow car haulers, in the words of one. Seven years into business with authority, she's serving Texas-based customers intrastate.
July 28, 2023
Regulations
CARB seeks input on new committee to implement latest emissions regs
The California Air Resources Board will host a public meeting next month to discuss the formation of a Truck Regulation Advisory Committee for its newest emissions regs. Also: Fleets seek training exemption; TMS launches new freight network.
July 27, 2023
Business
Cash-strapped Yellow preparing for 'a range of contingencies'
Yellow pushed back Wednesday afternoon on reports of its pending financial demise, saying it was still meeting with Teamster leadership and "continues to prepare for a range of contingencies.”
July 26, 2023
Partners in Business
How owner-operators can catch up on bookkeeping, one week at a time
There's a self-motivating aspect of engagement with real-time business information. The task of bookkeeping is best done day by day, rather than months in arrears. If you need to catch up, though, here's how to do it to obtain the biggest real-time bonus.
July 26, 2023
Equipment
Used truck sales post monthly growth
ACT Research reported a 1.8% month-over-month increase in used truck sales volume, due in part to equipment churn. Also: Spot rates fall again, though dray carriers caught a rise; another female-trucking meet; new charging station at Port of Long Beach.
July 26, 2023
Regulations
FMCSA revokes three more ELDs' certifications
The All Truckers ELD, PrimELD, and Secure ELD devices had their certified status revoked. Also: Teamsters OK contract at TForce Freight; Truckers Against Trafficking hosts event for trucking companies.
July 25, 2023
Regulations
POLL: Detention time since the ELD mandate -- has it improved?
While a minority of owner-operators report increased ability to collect detention pay from brokers/shippers as a result of widespread ELD use, has the ubiquity of the logging devices translated to reduced detention time at the docks? Weigh in here.
July 25, 2023
Business
Teamsters call off strike at YRC Freight, Holland
The Teamsters National Freight Industry Negotiating Committee will meet in-person with Yellow representatives Sunday evening.
July 23, 2023
Business
Pennsylvania hiking turnpike tolls | Spot market summer doldrums have arrived?
The Pennsylvania Turnpike Commission voted on a 5% toll increase, which will take effect in January. Also: FMCSA denies inmate's request for relief from driver training regs; Rand McNally releases new mileage tracking app.
July 21, 2023
Business
Yellow: Union shares blame for financial woes
Yellow claims Teamsters leadership’s obstruction of its business makeover caused Yellow’s liquidity crisis.
July 19, 2023
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