Bills in Wisconsin, Indiana could reduce nuclear verdicts against carriers

A newly passed bill in Wisconsin would limit non-economic damage awards in lawsuits involving commercial vehicle accidents, and Indiana lawmakers have passed a bill that would allow a plaintiff’s seatbelt use to be entered as evidence in accident lawsuits. Both bills, which have implications for multimillion-dollar nuclear verdicts against trucking companies, now go to the…

Feds charge Illinois trucking company owner in alleged CDL fraud

Federal prosecutors have charged the owner of an Illinois trucking company in an elaborate scheme to help applicants cheat on CDL exams by using hidden microphones and earpieces. Mykola Datkun, 33, of Port Barrington, Illinois, is accused of directing CDL applicants attempting to cheat on their CDL examinations to his Island Lake, Illinois, testing facility….

Can Karno technology generate a buyer for Hyliion?

Unwinding the powertrain business at Hyliion Holdings was uncomfortable, especially for 175 employees who lost their jobs in November. But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator. Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying…

How FedEx could win by losing its Postal Service business

FedEx would benefit from the partial, or complete, loss of its huge contract with the U.S. Postal Service because it would force the parcel delivery giant to downsize a bloated and expensive air transport network, which could help revive profitability, said Brandon Oglenski, who covers the company for Barclays Bank. FedEx Express (NYSE: FDX) and…