To view more FreightWaves infographics, click here
The post Daily Infographic: US motor fuel taxes are lower than in other developed countries appeared first on FreightWaves.
The post Daily Infographic: US motor fuel taxes are lower than in other developed countries appeared first on FreightWaves.
Truck drivers in British Columbia involved in collisions with overpasses could pay up to a $100,000 fine and spend 18 months in prison under changes the province’s Ministry of Transportation and Infrastructure has proposed to the Commercial Transport Act. The stiffer penalties were introduced Tuesday in response to 35 instances since late 2021 of overheight…
FedEx Corp. and the union representing its pilots said Wednesday they have reached a tentative agreement on a new contract that will ensure uninterrupted parcel and freight service if approved by rank-and-file pilots. The deal is so fresh that the FedEx pilots’ leadership, which must first give its approval to go forward, still hasn’t seen…
Supply chain disruptions during the pandemic affected many sectors of the U.S. goods economy, from the sudden demand shocks that consumer packaged goods companies faced in the spring of 2020 to rolling shortages of building materials, furniture and electronics later on. But the automotive industry was hit perhaps the hardest, and it’s not difficult to…
Credit ratings for less-than-truckload carrier Yellow Corp. have been lowered further by Moody’s Investors Service. The credit rating agency on Monday downgraded the carrier’s corporate family rating from B3 to Caa1. “Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk,” Moody’s said. Downgrades were also…
WASHINGTON — Rampant fraud in trucking has become an $800 million problem and the Federal Motor Carrier Safety Administration is not addressing the problem, according to the lobby representing 3PLs and brokerage firms. “There’s a surge of malicious actors engaging in illegal activity, registering with FMCSA as carriers and perpetrating fraud, theft and holding freight…
“Over the past century, Henry Ford’s innovation — the automotive assembly line — has transformed virtually every manufacturing process. Now a new innovation is following a similar trajectory. Real-time visibility solutions, developed and battle-tested by the automotive leaders, are transforming every industry, from health care to retail to defense.” – Greg Nelson, FreightVerify When Greg…