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The post FreightWaves Infographics: Canada’s Pride Group files for bankruptcy protection, faces $100M lawsuit appeared first on FreightWaves.
Editor’s note: The Federal Motor Carrier Safety Administration will not release a recording of the panel hearing but is eventually expected to release notes on the Truck Leasing Task Force’s website. The Truck Leasing Task Force (TLTF), created by the Department of Transportation to study leases that independent owner-operators work under with trucking companies, has…
Ryder System announced Monday it will acquire Pit Stop Fleet Service for an undisclosed sum. The Miami-based fleet management and supply chain services company said the deal will boost its growing mobile repair business, Torque by Ryder. Founded in 1997, Venice, Florida-based Pit Stop provides mobile fleet services in eight states across the Southeastern U.S….
Nonprofit groups loaded with crucial disaster-relief and medical supplies are parked at staging areas in Florida after Hurricane Milton, which was a Category 3 storm when it struck Florida’s Gulf Coast Wednesday night, spread destruction across the state. Kelby Marlin, transportation director at Convoy of Hope, said the faith-based organization has two tractor-trailer loads of…
Freight broker Landstar System’s fourth quarter was largely as expected, but its outlook for the first quarter was well below analysts’ expectations. Landstar (NASDAQ: LSTR) reported fourth-quarter earnings per share of $1.62 Wednesday after the market closed. The result was in line with the consensus estimate but nearly $1 lower year over year (y/y). The…
My Freighter, a startup cargo airline based in Tashkent, Uzbekistan, has received its third Boeing 767-300 converted freighter from Air Transport Services Group, the U.S. leasing and aviation services company announced on Monday. My Freighter took delivery of its first 767-300 in early November. ATSG (NASDAQ: ATSG) sends the former passenger aircraft to airframe repair…
Nikola has delivered 75 hydrogen-powered fuel cell trucks to customers. It has an order bank that should begin to produce meaningful revenue. Now it is producing statistical evidence that hydrogen-powered trucking is not just for show. At two industry conferences this week and in data shared first with Truck Tech, Nikola revealed it has: Completed…