WASHINGTON — Truckload carrier Covenant Logistics is seeking a two-year federal exemption to streamline the process for employing 2,000 new drivers, the company told regulators. Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG), along with its logistics affiliate Landair Transport Inc., has petitioned the Federal Motor Carrier Safety Administration to allow commercial learner’s permit (CLP) holders who have…
The U.S. Postal Service will pause some initiatives of its modernization plan for the rest of the year, according to Postmaster General Louis DeJoy. In a letter Monday to Sen. Gary Peters, D-Mich., chairman of the Senate Homeland Security and Governmental Affairs Committee, DeJoy says the Postal Service has paused further implementations in response to…
Seaports across Mexico moved a record 2.95 million twenty-foot equivalent units during the first four months of 2024, according to statistics from Mexico’s General Coordination of Ports and Merchant Marine. That represents an 18.2% year-over-year increase. Mexico’s nine Pacific Coast ports handled the majority of container movements from January through April, totaling 2.14 million TEUs,…
Minnesota Gov. Tim Walz has said he will sign into law a bill that ends the threat of Uber and Lyft leaving the Twin Cities area and sets statewide compensation rates for ride-hailing services. Meanwhile, arguments in the California Supreme Court’s review of Proposition 22, which aims to protect gig workers from the state’s AB5…
Prices for most vehicles in April at both the retail and auction level were down only slightly from March. But they were down far more from February. For example, midyear 2022 Class 8 tractors sold at an average retail price in April of $95,365, according to the report. That was 5.4% less than in March,…