The trucking industry, vital to the U.S. supply chain, has long struggled with predatory towing practices, including inflated fees and the illegal withholding of vehicles. These practices disrupt operations and cost motor carriers millions annually. To address this, the “Truck Towing Fairness Act” (H.R. 5678), introduced in July 2024, seeks to implement much-needed regulations to…
The U.S. trucking industry is grappling with a significant rise in organized cargo thefts during the holiday season. Criminals are leveraging systemic vulnerabilities to steal high-value goods, with CargoNet reporting a 14% increase in incidents during the third quarter of 2024, totaling 776 events across the U.S. and Canada. Losses from these thefts amounted to…
Tesla has started building a dedicated electric semi truck factory in Nevada, a 2-million-square-foot facility adjacent to its Giga Nevada battery plant. Groundbreaking occurred in December 2024. This $4 billion project will integrate battery production with vehicle assembly, streamline operations, and create over 3,000 jobs in manufacturing, engineering, and logistics. Tesla Semi: Key Features and…
December 31, 2024 — RBX Inc., a Missouri-based trucking company, has filed for Chapter 11 bankruptcy protection after facing escalating financial pressures. The company, which operates 265 trucks and employs 255 drivers, disclosed liabilities ranging from $10 million to $50 million in recent court filings. What Happened to RBX Inc.? RBX’s bankruptcy filing stems from…
In a bold move to streamline operations and sharpen its focus, FedEx announced it will spin off its freight trucking division, FedEx Freight, into an independent entity. The decision is part of the company’s broader strategy to allow its core package delivery business to thrive while giving FedEx Freight the flexibility to address the distinct…