In the latest episode of "The Freight Caviar Podcast", we sit down with Will Jenkins, Co-Founder at MoLo Solutions, and CEO & Founder at Journey. He discusses his newest partnership with Shipper CRM, and shares exclusive insights on sales training courses for its Pro customers.
Plus: 179,000 CDLs at risk today, GXO announces 400 in layoffs, Samsara Vs. Motive in a freight tecch battle, and more.
Uber Freight's new program draws scrutiny, ILA negotiations hit a wall, and FMCSA's Operation Protect Your Load takes aim at unlawful freight brokerages.
At least 15 Pilot executives were allegedly offered bribes by the Haslam family to hike profits.
The trucking world is buzzing with news of an alleged bribery scandal. Warren Buffett's Berkshire Hathaway accuses the Haslam family, owners of the Pilot truck stop chain, of trying to artificially inflate the company's profits. This move aimed to increase the value of their remaining 20% stake, forcing Berkshire to pay more. Here's a quick rundown:
The counter lawsuit by Berkshire follows accusations from the Haslams, including Cleveland Browns owner Jimmy Haslam, against Berkshire for understating Pilot's earnings. The controversy extends to Pilot's accounting practices, with significant implications for its valuation.
Pilot, with over 850 locations, is a major player in the trucking industry. The allegations have sparked a flurry of reactions on social media, highlighting past issues with Pilot involving money and kickbacks. Truckers and industry experts are closely watching this corporate showdown, impacting perceptions and choices around truck stops in the U.S.
Source: US News/AP
Berkshire Hathaway owns 80% of Pilot Flying J, Truck stops. I’m not an expert on their EV strategy but it might be a sneaky way for Warren Buffet to “get into bed” with Tesla without buying the stock. This is the path that is easy for Charlie and Warren to understand the upside.…
— Jay Dilks (@DilksJay) November 15, 2023
TIA's 2024 report shows a sharp rise in freight fraud, urging logistics companies to adopt stronger fraud prevention measures.
FTC and Florida halt "trucking automation" company RivX over alleged $75,000+ investment scam. Court orders operations ceased, assets frozen.
Hackers exploit FMCSA accounts to impersonate carriers and steal cargo. Learn how this complex scam works and steps to protect your freight business.
NTSB uncovers HOS violations at Illinois-based Triton Logistics linked to a deadly crash. Recommendations for stricter oversight are given.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
