Brokers are battling organized fraud rings, spoofed MCs, and burner phone calls. Bad actors sound real, look real, and flood your phone lines with fake credentials, costing you time and money. Stop fraud before it starts with AI-powered call screening.
Luther Binford, a 91-year-old active truck driver for Mesilla Valley Transportation, is our latest FreightCaviar Podcast guest. Here's his story, lessons learned, and his best advice for others in the industry.
Plus, U.S. strikes Houthis in Yemen, US-Canada-Mexico trade up 8% in Jan., a Texas semi crash spurs litigation, and more.
Minnesota's Twin Express to auction assets after a $19M loan default. Trucks and equipment on the block."
After a hefty $19M loan default, the 35-year-old trucking firm Twin Express faces a complete asset liquidation. Here's a quick rundown of the fallout:
Court filings reveal that private-equity-owned Twin Express, boasting 72 power units and 73 drivers, ran into trouble after its acquisition by Dan K. Eberhart of Eberhart Capital LLC in 2012. The company's recent woes were cemented by the voluntary revocation of their FMCSA carrier authorities last month.
Safety inspections over the past two years present a troubling picture: Twin Express's out-of-service vehicle rate stood at 36.4%, surpassing the national average. Despite this, their driver out-of-service rate was below the national figure at 1.7%.
The upcoming auction, managed by Jeff Martin Auctioneers Inc., will see over 206 items up for grabs, including the newly acquired Kenworth semi trucks. As the industry watches, Twin Express's saga serves as a stark reminder of the volatility within the trucking business.
Source: FreightWaves
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
Windrose Semi reveals striking similarities to Tesla's design. Here are the features, performance, and industry implications of their electric truck.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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