A class action lawsuit accuses shipping giant FedEx of wide scale odometer fraud. A lawsuit filed on June 13, 2023, in the U.S. District Court of New Jersey claims that FedEx replaced the odometers on thousands of used diesel fleet delivery vehicles so that they displayed zero miles “though Defendants know that the vehicles have, ...more
The Utah Department of Transportation is installing a new brake check area along a notoriously dangerous section of road in hopes that it will help truckers stay safe. Highway 89 in Logan Canyon has seen eight semi trucks lose their brakes in five years, sending them crashing into Garden City. Because of this dangerous trend, ...more
A California-based truck driver has been sentenced to federal prison after he admitted to transporting drugs in exchange for $30,000. Thirty year old Dejohntae Zeche Keith Williams was sentenced to eight years in federal prison, according to the U.S. Attorney’s Office for the Southern District of Indiana.Williams previously pleaded guilty to possession with intent to ...more
Guangzhou Automobile Group Co. Aion Y compact electric multi-purpose vehicles at the Auto Shanghai 2021 show. (Qilai Shen/Bloomberg News) China’s Guangzhou Automobile Group Co. said it has developed the world’s first car engine that runs on ammonia, adding to new energy solutions such as battery-powered electric vehicles and hydrogen fuel cells that reduce carbon emissions ...more
Fiscal year funding authority for certain federal agencies necessitates renewal beginning Oct. 1 to avoid a partial government shutdown. (Samuel Corum/Bloomberg) Senate funding leaders expressed optimism about efforts to advance fiscal 2024 legislation in the coming months. Sens. Patty Murray (D-Wash.) and Susan Collins (R-Maine) pointed to bipartisan collaborations surrounding the consideration of measures that ...more
A worker operates a forklift to carry boxes through the warehouse of the Black & Decker Inc. DeWalt brand production plant in Charlotte, N.C. (Luke Sharrett/Bloomberg News) Orders placed with U.S. factories for business equipment rose in May for a second month, indicating companies continue to make longer-term investments despite high borrowing costs and economic ...more
River Valley Cooperative in Elkridge, Iowa, will spend its $125,000 in grant funding to provide 50 people with entry-level driver training. (River Valley Cooperative) Farmers that need financial help to offset costs from stricter federal driver’s education requirements are the big winners in $2.94 million in grants by Iowa Gov. Kim Reynolds to bolster 46 ...more
Yellow insists that its restructuring plan “is necessary to compete against nonunion carriers that dominate the LTL business today.” (Yellow Corp.) Less-than-truckload carrier Yellow Corp. filed suit June 27 against the International Brotherhood of Teamsters and certain affiliates in a Kansas court, alleging breach of contract and accusing the union of causing more than $137 ...more
The ELFA Monthly Leasing and Finance Index found that, in May, new business volume increased 1% from May 2022. But volume was down 2% from this April. (skynesher via Getty Images) A survey of companies in the equipment finance sector saw overall new business volume hit $9.5 billion in May, according to the Equipment Leasing ...more
A worker stands on a concrete berm at the Trans Mountain Pipeline expansion project at the Burnaby Terminal tank farm in Burnaby, British Columbia, Canada. (Darryl Dyck/Bloomberg News) Some of the largest oil producers in Canada are objecting to potentially rising costs and fees to ship their crude on the expanded Trans Mountain pipeline, underscoring ...more
