Hazmat, oversize, and heavy-haul freight pay premium rates but demand precision. GenLogs is providing real-time data to help brokers find compliant carriers and thrive in specialized freight markets.
On Friday, we hosted FreightCaviar’s very first Ultimate Freight Meme Competition. The panel of judges consisted of Will Jenkins,
Plus: An English-only CDL bill picks up steam, net details on FMCSA's broker crackdown, a Mexico tariff workaround, and more in today's newsletter.
Sanjay Singh, owner of Royal Bengal Logistics, faces charges for running a $100 million Ponzi scheme. Singh allegedly deceived investors about the profitability of his company.
Sanjay Singh, the owner of Royal Bengal Logistics, a trucking company based in Florida, is charged with running a $100 million Ponzi scheme. According to federal prosecutors, Singh misled investors about the financial health of his company, promising them high returns on their investments. In reality, his company was losing money. The funds collected from new investors were used to pay the earlier ones, the classic sign of a Ponzi scheme. Singh has been indicted and arrested, facing multiple charges such as conspiracy to commit wire fraud and engaging in transactions in unlawful proceeds. He could face up to 150 years in prison if convicted.
Source: Justice.gov & FreightWaves
Bad month for trucking companies named after big cats
— Dooner 🏴☠️ (@TimothyDooner) June 25, 2023
First Tiger Cool Express went under and now Royal Bengal Logistics got nailed in a Ponzi scheme https://t.co/mimoV9uvcX
Former NFL Quarterback Mark Sanchez was hospitalized late Friday night after an altercation with a truck driver in Indianapolis.
Deeper compliance starts with ISS and BASIC scores, offering brokers critical safety insights unavailable in OOS data to reduce liability and protect shippers.
Plus: Trump’s truck tariffs shake global OEMs, insurance premiums keep climbing, cargo theft surges in Mexico, and more in today’s newsletter.
Trump’s 25% heavy truck tariff lifts Ford shares but pressures Daimler, Traton, and U.S. fleets reliant on Mexico-built trucks.
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