Of little surprise, the number of failures by trucking companies in 2020 jumped compared to years prior as the economic effects of the COVID-19 pandemic and associated shutdown orders converged on fleets’ operations and per-mile spot market rates plunged, according to transportation-focused economic analysis firm Broughton Capital, which tracks annual motor carrier failures using debt and default […]
FMCSA extends hours of service waiver for COVID relief haulers The Federal Motor Carrier Safety Administration is extending its hours of service waiver for truck drivers hauling relief supplies related to the COVID-19 pandemic through May 31. The waiver was most recently set to expire Feb. 28. Motor carriers and drivers providing direct assistance in […]
Large intermodal fleet announces acquisition RoadOne IntermodaLogistics (CCJ Top 250, No. 68) is acquiring the JZ Expedited companies headquartered in Jacksonville, Florida. The addition will augment RoadOne’s intermodal logistics capacity within Florida and serve as an extension of the company’s national transload and warehousing network. JZ’s full scope of services include drayage, transload, oversized transportation, domestic […]
Motor carriers, in cooperation with state and national trucking associations, are trying to curb lawsuit abuse. At this point, they’ll take even small victories to help keep insurance premiums at bay. One recent victory came in Florida and will allow trial judges to weigh compelling, reliable evidence from video event recorders to issue summary judgements. […]
A 6.3-cent increase in the national average price of diesel during the most recent week has diesel prices soaring to pre-pandemic levels, just a penny shy of the national average of the week ending March 9, 2020, around the time shutdowns began around the nation. The U.S.’ average price for a gallon of on-highway diesel […]
As with many other pandemic-driven aspects of the world that developed in 2020, the U.S. DOT and its state enforcement partners turned to remote options to conduct safety audits of trucking companies. More than half of the 10,999 compliance reviews of carriers conducted last year were conducted as offsite reviews – via email and phone– […]
President Biden charts new regulatory course; White House freezes rulemaking In his first day in office, President Biden signed an executive order and a related memorandum that confirm a reversal of the Trump administration’s deregulatory approach. The first executive order directly revokes various deregulatory executive orders that President Trump had signed four years earlier, saying […]
The U.S Senate on Tuesday easily confirmed Pete Buttigieg, 86-13 in favor, as the next Secretary of Transportation, catapulting the former South Bend, Indiana, mayor to a Cabinet position under President Joe Biden after he rose to national prominence as a Democratic presidential contender in 2020. The confirmation came less than two weeks after Buttigieg […]
