Crash data involving new truck, bus drivers getting worse

WASHINGTON — Deaths resulting from large-truck crashes where newly licensed drivers are involved continues to rise, according to recent government data, but a proposed safety requirement that could help reduce those deaths will likely be delayed again.

The percentage of fatal large truck and bus crashes involving new-entrant carriers has climbed from 4.6% to 7.4% from 2017 to 2022, according to a snapshot of Federal Motor Carrier Safety Administration data taken at the end of 2023.

In 2022, those...

https://www.freightwaves.com/news/crash-data-involving-new-truck-bus-drivers-getting-worse

Sentencing of attorney in Louisiana truck accident scam delayed again

The one attorney involved in the Louisiana staged truck accident scheme who was indicted and subsequently pleaded guilty still does not know his fate.

Danny Keating was to be sentenced Thursday in the U.S. District Court for the Eastern District of Louisiana, but it has been postponed.

Sentencing has also been put on hold for Damian Labeaud, the on-the-ground ringleader who choreographed the collisions between cars full of individuals and (mostly) trucks.

Keating’s sentencing is now set for July...

https://www.freightwaves.com/news/sentencing-of-attorney-in-louisiana-truck-accident-scam-delayed-again

Tough trucking market hits EBITDA at TriumphPay; other indicators up

In his quarterly note to shareholders, Triumph Financial CEO Aaron Graft predicted that the headline on the earnings might be “TriumphPay swung to a loss this quarter” — one quarter after that growth segment at the trucking-focused bank had become EBITDA-positive.

And so it was: Earnings before interest, taxes, depreciation and amortization for TriumphPay was negative in the quarter. But as Graft noted several times in his unique quarterly shareholder missive, Triumph Financial is playing the...

https://www.freightwaves.com/news/tough-trucking-market-hits-ebitda-at-triumphpay-other-indicators-up

State of Freight: How long will trucking market trough linger?

With the equities market for trucking stocks reeling this week on the backs of two companies’ highly bearish disclosures, one question loomed large on the FreightWaves State of Freight webinar: Are we getting near the bottom?

Battered and bruised in #trucking this a.m. due to numbers from $JBHT and $KNX. At approximately 10:50, here were some of the % drops: $XPO, -4.6%; $WERN, -2.5%; $TFII, -7%; $SNDR, -4.3%; $SAIA, -3.4%; $ODFL, -5.5%; Hunt, -9.2%; Knight Swift, -4%; $FWRD, -9.08%; $ARCB,...

https://www.freightwaves.com/news/state-of-freight-how-long-will-trucking-market-trough-linger

5 auto haulers combining to create publicly traded trucking company

A Florida-based auto hauler, Proficient Auto Transport, is the lead company in the process of rolling up several other auto haulers with plans to take itself public in an initial public offering.

In a prospectus filed with the Securities and Exchange Commission and made public last week, Proficient Auto Logistics was introduced as the name of the company that will acquire five auto haulers at the time the IPO goes through: Delta Automotive Services, Deluxe Auto Carriers, Sierra Mountain Group,...

https://www.freightwaves.com/news/5-auto-haulers-combining-to-create-publicly-traded-trucking-company

Florida denied flexibility on CDL skills testing

WASHINGTON — Federal regulators are not convinced that the potential for lost wages for prospective truck drivers outweighs the safety benefits of current rules on how states must administer CDL skills tests.

In a notice scheduled to be published in the Federal Register on Thursday, the Federal Motor Carrier Safety Administration denied a petition by Florida Department of Highway Safety and Motor Vehicles asking that the state be exempted from a federal regulation requiring that the three-part...

https://www.freightwaves.com/news/florida-denied-flexibility-on-cdl-skills-testing

Scopelitis seminar delves into lease purchase deals, M&A, ESG and more

INDIANAPOLIS — The Scopelitis Transportation Law Seminar is a three-day parade of speakers and panels discussing everything from what states’ license plates fleets should seek to slap on their trucks to the treatment of owner-operators whose trucks leave the road for maintenance. The gathering examines hundreds of legal situations fleets might face.

Here are five takeaways from the multitude of subjects the seminar covered.

The growing focus on lease purchase agreements

The ongoing task force...

https://www.freightwaves.com/news/scopelitis-seminar-delves-into-lease-purchase-deals-ma-esg-and-more

CTA, OOIDA to appeal court decision upholding AB5 in California trucking

The California Trucking Association and the Owner-Operator Independent Drivers Association will appeal last month’s decision that rejected their latest attempt to block imposition of California independent contractor law AB5 on the state’s trucking sector.

The decision to appeal the ruling to the 9th U.S. Circuit Court of Appeals, filed Friday with the U.S. District Court for the Southern District of California, came as something of a surprise given the consensus in the trucking legal community...

https://www.freightwaves.com/news/cta-ooida-to-appeal-court-decision-upholding-ab5-in-california-trucking

Minimum pay for Uber, Lyft drivers in Minneapolis pushed back to July

The showdown in Minneapolis over a May 1 level of minimum pay for what the city calls Transportation Network Companies — specifically, Uber and Lyft — has been put off for at least two months.

With both companies having said they would pull out of the city when the minimum compensation ordinance went into effect at the start of next month — and news reports saying Uber (NYSE: UBER) also would withdraw from the larger Twin Cities area, including the airport, which is not located in either...

https://www.freightwaves.com/news/minimum-pay-for-uber-lyft-drivers-in-minneapolis-pushed-back-to-july

TCA’s Heller: Trucking has adjusted to route diversions post-Baltimore

Members of the Truckload Carriers Association (TCA) have adjusted smoothly enough to the disruptions at the Port of Baltimore that a conference call among its members scheduled for Thursday — the latest in a series — was canceled because a great deal of initial concern among TCA members has disappeared.

“A lot of the shock we had was in the first two calls,” David Heller, the TCA’s senior vice president of government affairs, told FreightWaves when asked about the scheduled meeting. “We want to...

https://www.freightwaves.com/news/tcas-heller-trucking-has-adjusted-to-route-diversions-post-baltimore

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