Texas-based U.S. Logistics Solutions has filed for bankruptcy liquidation, stating that its lender pulled the plug on its funding, which forced the company to shutter operations Thursday and left a disputed number of truck drivers, dock and warehouse workers, and sales and office personnel without jobs. In a statement to FreightWaves Tuesday, a spokesperson for…
WASHINGTON — Federal regulators have declined a request by parents of children killed in truck crashes to open an investigation into defective truck equipment designed to prevent fatalities in collisions with automobiles. In denying petition filed in 2022 by Jerry and Marianne Karth, Eric Hein, and Lois Durso-Hawkins, the National Highway Traffic Safety Administration ruled…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Chevron Renewable Energy Group. In this issue, Squats Across America; Aurora and Uber Freight team up; RXO stock soars; and more. Chevron Renewable Energy Group provides liquid fuels to help power the lower-carbon energy journey — with leading-edge quality, go-to-market agility, lower-carbon solutions and strategic partnerships….
A federal lawsuit filed in 2022 over the sinking of the Golden Ray cargo ship, which was carrying some $142 million worth of cargo when it capsized off the coast of Georgia, has been settled. The Marshall Islands-flagged roll-on/roll-off vehicle carrier sank on Sept. 8, 2019, after leaving the Port of Brunswick on its way…
Port Houston’s container cargo volumes surged 21% in May; while the Port of Corpus Christi, Texas, recorded a 6.7% increase in total shipments. Port Houston sees boost in cargo volumes from consumer spending Port Houston handled 364,866 twenty-foot equivalent units in May, a 21% year-over-year (y/y) increase. Buoyed by regional consumer spending on items like…