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The post FreightWaves Infographics: FMCSA kicks 4 ELDs off registered list appeared first on FreightWaves.
A Los Angeles jury awarded more than $58 million to a Palmdale train yard worker who suffered a microfracture in his foot in a fall. Pablo Scipione, who was working as an independent contractor for Altech Services, was injured when he slipped and fell on top of a train while performing electrical repairs at rail…
Schneider National joined a chorus of transportation providers that recently lowered guidance for the rest of the year. The company reduced its earnings forecast by 13% at the midpoint of the range on Thursday. Schneider (NYSE: SNDR) reported adjusted earnings per share of 45 cents, a penny ahead of the consensus estimate but 27 cents…
C.H. Robinson is keeping its investment-grade-level rating with S&P Global, but it has fallen below a key benchmark and its outlook has been downgraded by the ratings agency. S&P Global Ratings said in a report issued last week that the ratio of funds from operations (FFO) to debt at C.H. Robinson (NASDAQ: CHRW) had fallen…
Difficult market conditions led by shippers with high inventory levels, along with excess market capacity, created declining revenue in Hub Group’s fourth-quarter intermodal and logistics segments. “This led to challenging fundamentals in our more transactional service lines,” President and CEO Phil Yeager said during an earnings call with analysts after the market closed Thursday. “We…
The California Trucking Association is ending its legal battle against California’s AB5 independent contractor law, but its co-plaintiff, the Owner-Operator Independent Drivers Association, will continue the fight.Robert Roginson, a partner with the law firm of Ogletree Deakins Nash Smoak & Stewart, which has represented the CTA in its long legal fight, confirmed that the association…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to XPO Chief Strategy Officer Ali Faghri about spinoffs, LTL stand-alones, market disruptions and the company’s M&A plans. First Gear Inc.’s Erica Reiss has created a 1:64 scale replica of the silver screen’s most notorious autonomous truck, the Green Goblin from “Maximum Overdrive.” We’ll talk…