Category: Uncategorized

Tennessee Highway Patrol’s Motor Carrier Plus (MC+) Unit, founded in May 2023, works to enforce commercial vehicle safety on the roads and crack down on violations to keep all drivers safe. The unit is projected to stop more than 90,000 commercial vehicles for inspection in its first full year. https://www.wkrn.com/news/tennessee-news/motor-carrier-plus-thp-unit-tackles-commercial-vehicle-violations/amp/

Clean Energy Fuels Corp. (Nasdaq: CLNE), the largest provider of renewable natural gas (RNG) for the transportation industry has announced that it is launching a program to allow heavy-duty fleets to operate a truck equipped with the new Cummins X15N engine. The first company to participate in the program is industry leader J.B. Hunt Transport Inc., one of…

https://asia.nikkei.com/Spotlight/Caixin/Freight-rates-plummet-as-China-s-export-growth-slows

FedEx is undergoing a significant transformation under CEO Raj Subramaniam, aiming to cut costs and integrate its Express and Ground networks to improve efficiency. https://seekingalpha.com/article/4721202-fedex-stock-turnaround-with-significant-upside-potential

A Delaware bankruptcy court provided some clarity late Friday regarding $6.5 billion in withdrawal liability claims against Yellow Corp. The total amount the bankrupt less-than-truckload company will actually pay, however, remains to be decided. The mere fact that the estate will have to make good on some portion of the claims sent Yellow’s stock spiraling.…

The Federal Motor Carrier Safety Administration (FMCSA) issued a decision on a trucker’s request for exemption from Electronic Logging Device (ELD) regulations due to the expense of the device. https://cdllife.com/2024/fmcsa-denies-owner-ops-ask-for-eld-exemption-due-to-cost/?amp

A former employee of Midwest Transport Inc. claims the Robinson, Illinois-based trucking company, which contracted with the U.S. Postal Service to haul mail, violated the federal Worker Adjustment and Retraining Notification (WARN) Act by failing to give a 60-day notice of a planned shutdown before laying off 650 employees, including more than 480 drivers. https://www.freightwaves.com/news/former-employee-sues-midwest-transport-inc-over-mass-layoff/amp

FedEx (NYSE:FDX) has had a great run on the share market with its stock up by a significant 16% over the last three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to FedEx’s ROE today. https://finance.yahoo.com/news/fedex-corporations-nyse-fdx-recent-140012838.html

In the latest NHC advisory (11 p.m.), forecasters said the storm, formerly known as Tropical Depression Seven, was moving west at 9 p.m. towards the Cabo Verde Islands. It was located about 1,100 miles west-northwest of the Cabo Verde Islands The storm’s maximum sustained winds have increased to 45 mph with higher gusts possible. https://www.fox35orlando.com/news/tropical-storm-gordon-forms-atlantic-ocean-nhc.amp

Browning admitted that he used an estimated 150 gallons of department fuel each week from July 2021 through July 2023, to fuel his personal 2007 Peterbilt 379. He used the truck as part of his private trucking business, Browning Trucking, the comptroller said. He sold the truck in July 2023. https://www.overdriveonline.com/life/article/15683813/tennessee-highway-official-charged-for-stealing-diesel-for-personal-trucking-business