Rivian Eyes New Debt Deal

By |2025-06-02T08:20:57-05:00May 30th, 2025 at 2:04 AM|Trucking News|

(Hannah Elliott/Bloomberg News) JPMorgan Chase & Co. is leading a potential high-yield bond sale for electric vehicle manufacturer Rivian Automotive Inc., partly to refinance its upcoming debt, according to people familiar with the transaction. The company aims to raise as much as $2 billion, in part to replace existing bonds that mature in 2026, said ...more

DOT Pauses Planned Workforce Cuts Due to Litigation

By |2025-06-02T08:21:00-05:00May 30th, 2025 at 1:43 AM|Trucking News|

(Andrew Harrer/Bloomberg News) The U.S. Department of Transportation said it’s pausing planned cuts to its workforce while it waits for resolution in pending legal battles over the Trump administration’s efforts to significantly reduce the size of the federal government. A spokesperson for the department said May 30 that it’s holding off on reduction-in-force and reorganization ...more

By |2025-05-31T19:24:41-05:00May 30th, 2025 at 12:00 AM|Trucking News|

A trucking company and a power company are both shirking responsibility after a semi truck took down a low-hanging power line in a Houston neighborhood.  The incident occurred on Detering Street in the Rice Military neighborhood of Houston, Texas, earlier this month. According to Click2Houston, the semi truck, operating for 6G Transport, drove down Detering Street ...more

By |2025-05-30T15:24:07-05:00May 30th, 2025 at 12:00 AM|Trucking News|

A Pennsylvania trucking company owner has been accused of depositing a counterfeit U.S. Treasury check into his company’s account. On May 28, 2025, Rashu D. Powell, 51, was indicted on one count of bank fraud, according to the U.S. Attorney’s Office for the Middle District of Pennsylvania.Officials say that in July 2024, Powell deposited a ...more

By |2025-05-30T15:24:13-05:00May 30th, 2025 at 12:00 AM|Trucking News|

A bridge that buckled under the impact of a crane-hauling semi truck has now collapsed as a result of the damage.  The FM 928 overpass spans Interstate 27 near Tulia, Texas, and was struck by the semi truck on Tuesday morning, May 27th. By the evening, the buckled bridge gave way, and is now collapsed. According ...more

By |2025-05-30T11:23:46-05:00May 30th, 2025 at 12:00 AM|Trucking News|

The Commercial Vehicle Safety Alliance (CVSA) shared details about a brake safety and inspection campaign taking place throughout North America this summer. The CVSA’s Brake Safety Week will take place August 24 — 30, 2025, throughout Canada, Mexico and the U.S.During Brake Safety Week, CVSA-certified officers will conduct commercial vehicle inspections with an emphasis on ...more

By |2025-06-02T07:23:52-05:00May 30th, 2025 at 12:00 AM|Trucking News|

Minnesota Department of Transportation (MNDOT) traffic cameras captured the moment that a truck tipped while making a turn to enter a tunnel on Friday morning. The crash occurred just before 11 a.m. on May 30 in the downtown Minneapolis area.According to the Minnesota State Patrol, a truck traveling on I-94 tipped over as it took ...more

By |2025-06-02T07:23:57-05:00May 30th, 2025 at 12:00 AM|Trucking News|

On the CDLLife App, real drivers share their real experiences—the good, the funny, and the helpful. Here’s a highlight of some posts that have been starting conversations in the community this week.One driver braved the caves of Lenexa, KS this week. Underground truckers, that’s a new one. I70 was breathtaking the other night in Colorado, ...more

By |2025-06-01T23:26:31-05:00May 30th, 2025 at 12:00 AM|Trucking News|

This week, executives for a Los Angeles-based freight forwarder were accused of illegally smuggling billions of dollars’ worth of goods from the United States into Mexico. On May 27, Ralph Olarte, 55, the chief financial officer of freight forwarder Sport LA, was arrested at the Los Angeles International Airport after a 22-count federal grand jury ...more

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