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Industry News
Wednesday Jan 28, 2015 - Driver Found Guilty of Carrying Load 10 Tons Over Limit

A Rancho Cucamonga trucking company and its driver were found guilty Monday by a jury of transporting an illegally overweight load on Long Beach streets, the Long Beach City Prosecutor's Office announced Tuesday.

A court case filed on July 14, 2014 stated that truck driver Guadalupe Martinez was stopped by Long Beach Police Department (LBPD) officers on April 9, 2014 for driving a Martinez Trucking and Logistic, Inc. truck with a load that exceeded the maximum legal weight limit by ove

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Wednesday Jan 28, 2015 - Where to Buy Gasoline for $0.002 a Gallon, Seriously

(Bloomberg) -- Venezuela President Nicolas Maduro told lawmakers last week he’s considering raising gasoline prices.

That might be a good idea.

It’s been two decades since the government last lifted state-set local prices, the result of politicians’ concern that the move could spark protests like those that swept across the oil-rich nation following an increase in 1989.


Wednesday Jan 28, 2015 - Nebraska trucking facing challenges

Tuesday Jan 27, 2015 - How should FDA regulate practices governing safe shipping of human, animal edibles?

By Mark B. Solomon

It is one of those regulatory scenarios that companies pay trade associations good money to identify, monitor, and, if necessary, head off before it becomes another well-intentioned government rule that spawns unintended consequences.

In late 2013, the Food and Drug Administration (FDA), proposed requirements for shippers, railroads, truckers and receivers involved in the move

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Tuesday Jan 27, 2015 - Do Sign-On Bonuses Work?

Half of truckload carriers are now offering sign-on bonuses as a way to attract new drivers, according to the American Trucking Associations' recently released 2014 Driver Compensation Study. The average sign-on bonus was $2,300.

Gordon Klemp with the National Transportation Institute says their pay package data tracking has shown bonuses as high as $15,000 for teams and $4,000 or more for solo drivers.

"In the second half of 2010, we had zero companies offering sign-on bonuses,

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Tuesday Jan 27, 2015 - Freight capacity crunch easing

The latest Shippers Conditions Index (SCI) from FTR indicates that the capacity crunch the industry has been feeling is easing, although the firm warns that the longer-term outlook remains negative for shippers.

The SCI for November 2014 came in at a reading of -3.2, reflecting an easing of capacity tightness and lower fuel prices.

FTR said rising rates, though, will continue to impact shippers throughout this year. The SCI will likely hit

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Monday Jan 26, 2015 - Trucking Industry to Congress: Raise Fuel Taxes

American Trucking Associations is calling on members of the 114th Congress to approve an increase of federal fuel taxes to fund infrastructure programs under a long-term highway bill this year.

In a letter Jan. 26, the federation and the U.S. Chamber of Commerce and AAA argued that raising the highway user fee would help avert a transportation funding crisis this spring.

Congressional leaders have indicated recently they are considering several options, such as tax reform, to fu

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Monday Jan 26, 2015 - Should farmers pay for protection against grain company defaults?

Manitoba’s main farm group is eyeing a plan that would see farmers directly fund insurance to cover losses when grain buyers can’t pay their bills.

That’s a different route than envisioned by Ottawa under sweeping changes to the Canada Grains Act introduced to Parliament last month. The plan is to replace the Canadian Grain Commission’s current security program with one funded by companies. The fund would contain $5 million to $10 million, with contributions bas

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Monday Jan 26, 2015 - Marubeni Expects $1 Billion Writedown on Oil, Gavilon Losses

“I couldn’t believe that oil would drop this far,” said Marubeni Corp. (8002) Chief Executive Officer Fumiya Kokubu.

And this from a man who spent more than a decade trading energy and picking oil and gas deals in a 39-year career at the Japanese trading house.

His confession of sorts came at a Monday afternoon Tokyo press conference where he ann

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Monday Jan 26, 2015 - Trucker comforted by officer who carried dying daughter from Colorado theater

By SADIE GURMAN
The Associated Press

1/26/2015

EVERGREEN, Colo. — Every year on his daughter's birthday, Ian Sullivan visits the grave of the child he lost when a gunman slipped into a Colorado movie theater and fatally shot the 6-year-old as she sat with her mother in the fourth row.

And every year, he finds a birthday card on the headstone from the man who was with Veronica when Sullivan couldn't be: the police officer

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