App-driven tech will accelerate payments to truck operators Financial technology startup FreightRover has inked a $500 million deal with Crayhill Capital Management to provide accelerated payments to truck operators, a process that traditionally takes several weeks for processing. FreightRover accelerates payments to truck operators by buying their shipping invoices at 99 or 98 cents on…
The U.S. Supreme Court, in the spotlight recently over the confirmation of Brett Kavanaugh, is considering a potential landmark case involving the trucking industry, New Prime Inc. v Oliveira. The case pits business interests against labor groups in the first major case of the term that could have consequences for hundreds of thousands of American…
The first quarter of 2018 was a good one for leased and independent owner-operators, according to data from American Truck Business Services (ATBS). The Colorado-based firm reports that owner-operators brought in higher revenue and better take-home pay during the first three months of the year. According to Overdrive magazine, the industry’s smallest carriers were able…
It’s a well-known fact that truck drivers, traditionally, do not have the healthiest of lifestyles. Long hours behind the wheel, erratic sleep patterns and a steady diet of truck stop food led the Centers for Disease Control and Prevention to write that long-haul truck drivers face “a constellation of chronic disease risk factors.” But when…
OLDWICK, N.J., June 26, 2018—A.M. Best has revised the outlook to positive from stable for theLong-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++(Good) and the Long-Term ICR of “bbb” of National Independent Truckers Insurance Company, A RRG(NITIC) (Charleston, SC). The outlook of the FSR remains stable. The Credit…
The Federal Motor Carrier Safety Administration (FMCSA) denied a request from the Owner-Operator Independent Drivers Association (OOIDA) to be exempted from federal regulations requiring electronic logging devices on commercial trucks. “We are puzzled and disappointed at the response from the agency. For months, the FMCSA has been granting exemptions to other organizations, some not even…
The pace of hiring improved slightly in April as the unemployment rate fell below 4% for the first time since the end of 2000. Trucking employment, however, saw no such gains as jobs in the industry declined for the first time in eight months, according to a report in Freightwaves. The Bureau of Labor Statistics…
Growing up in a family business with a fleet of heavy-duty trucks, Dakota Semler saw the business face a difficult choice. New state air quality standards in 2007 meant that the winery would either need to install pricey retrofit kits in each truck or replace the whole fleet. As the economy crashed the following year,…
The Alliance for Driver Safety & Security, also known as the Trucking Alliance, is lobbying Congress to enact stricter drug testing rules for American truck drivers. The Trucking Alliance is a coalition of freight and logistics companies that support safety reforms in the commercial trucking industry. The Trucking Alliance recently announced it will push for…
Leaders of some of the nation’s leading transportation companies and organizations recently came out squarely against the Trump administration’s plans to roll back fuel economy and vehicle emissions standards. Speaking at the 2018 ACT Expo green transport conference in Long Beach, Calif., representatives from UPS, Navistar, Cummins, Honda and the California Air Resources Board (CARB)…
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