A $10 million lawsuit by a Georgia man who says he was badly injured when his pickup was struck by a semi driven for an amusement rides company has been transferred to federal court in Georgia. The suit, first filed June 6 in Muscogee County Superior Court in Georgia, moved to the U.S. District Court…
Cold storage real estate investment trust Lineage Inc. announced the pricing of its initial public offering on Tuesday, which values the company at roughly $19 billion. The offering includes 47 million shares of common stock and a customary 30-day, 15% option (an additional 7.05 million shares) to deal underwriters. The company’s stock will be listed…
Boosted by shipments of cars, computers, auto parts and commercial vehicles to the United States, Mexico was the top U.S. trade partner in May, at $73 billion, according to data from the Census Bureau. It was the fifth consecutive month and 15th of the past 16 months Mexico has been No. 1 in trade with…
Another brokerage company has won a court battle holding that a 3PL is not liable for an accident that involved a carrier the company hired to move freight. TQL, the logistics company in the case, was heard by the 11th Circuit Court of Appeals. A three-judge panel unanimously held last week that TQL could not…
Former President Donald Trump, a vocal supporter of the trucking industry while he was in Washington – particularly owner-operators – has picked a running mate who is on the record for supporting two of truck drivers’ top legislative priorities. Ohio Republican Senator J.D. Vance, who was named by Trump as his pick for vice president…