FTA Allocates $110 Million in Emergency Relief Funds
The U.S. Department of Transportation's Federal Transit Administration (FTA) has approved nearly $110 million in funding for public transportation providers and state Departments of Transportation in various states and a U.S. territory.
Millions of Americans Missing Out on Valuable EITC
Each year, tens of millions of Americans file their tax returns, and a significant number of them are missing out on a valuable credit, the earned income tax credit (EITC), according to the IRS
Rising Insurance Premiums Squeeze Corporate Profits
Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.
IRS to Introduce Electronic Free File Tax System, Facing Industry Opposition
The IRS is set to launch a pilot electronic free file tax return system in January, inviting taxpayers from 13 states to participate.
Cargo Thefts Rise Nearly 60%
CargoNet has reported a significant increase in cargo thefts in the second quarter of 2023, with 582 recorded incidents in the United States and Canada.
IRS Suspends Processing of Small Business Tax Break Due to Surge in Questionable Claims
IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.
XPO Logistics Achieves Reduction in Damage Claims and Pursues Further Improvements
XPO Logistics has achieved a reduction in its damage claims ratio as a percentage of LTL (Less Than Truckload) revenue, which remained at 0.7% in Q2, showing improvement from the previous year.
Industry's Vigilance Rises in Response to Heightened Cargo Theft
Cargo theft has reached a decade-high, with the second quarter of 2023 witnessing a 57% increase compared to the previous year, totaling 582 thefts across the U.S. and Canada.
The mass adoption of autonomous trucks could transform the trucking insurance industry
Autonomous trucks have the potential to reshape how we think about insurance in several ways.
Insurance premiums may calm in 2023, providing carriers some relief
After years of insurance premium hikes, carriers may see some light at the end of the tunnel in 2023.
Thieves are enabled by lack of reporting cargo theft, cays CargoNet
Incomplete data and strained law enforcement can create an environment that is permissive to cargo theft, as thieves are able to exploit gaps in security, intelligence, and enforcement.
DOT is tackling “unfair cancellation practices” in the aviation industry
Unfair”, by the Department of Transportation’s definition, means “likely to cause substantial injury and the harm is not outweighed by benefits to consumers or competition.
Demurrage charges waived by US Federal Maritime Commission SCO
The December 29th decision to waive over $150,000 in demurrage fees imposed by Taiwan carrier Evergreen for Wisconsin-based forwarder TCW Inc. has set a precedent.
Starting January 1st, ship insurers are revoking coverage of Russia, Ukraine, and Belarus war risks
Insurance companies and reinsurers - those who insure the insurance companies - have been warning of scaling back after a multitude of losses associated with the conflict in Ukraine and Hurricane Ian.
Blame poor maintenance for the 2020 APL England loss of 50 containers
A final report has finally been issued for the May 24, 2020 incident off the east coast of Australia that resulted in fifty boxes tumbling off the side of a ship and into the depths of the ocean below.
There are certain places companies should avoid getting sued
Georgia, California, and New York judges have been notable for issuing legendary and severe judgments on defendants in the trucking industry.
Insurance talk can be a drag, but increasing premiums is a must
Accidents involving big rigs, rising medical and litigation costs, inexperienced truckload capacity, and catastrophic losses are all putting major pressure on the insurance industry as a whole.
Supreme Court allows broker CH Robinson to take the fall for carrier-caused damages
The US Supreme Court has made controversial stances on Roe v. Wade and regarding California’s AB5 law, but a lesser known judgement sets a precedent for logistics liability.
A $10 million verdict is the final straw for Illinois-based trucking company
Sullivan, Illinois-based trucking company Marvin Keller Trucking has filed for Chapter 11 bankruptcy protection due to a nuclear verdict in court, inflated fuel costs, and wild market conditions.
Truck parking & loading areas important for driver safety
Irving, Texas-based trucking company Tarango Trucking won in a federal appeals court.