Opinion: Does the $75,000 Broker Bond Make Sense?
Brokers, freight forwarders and nonvessel operating common carriers, or NVOCC, are required by federal law to carry a surety bond in the event they fail to pay the carrier that performs the move on the shipments they broker. On Dec. 1, 2013, the $75,000 broker bond went into effect — up from the previous bond requirement of $10,000.
February 20, 2017Editorial: Young Minds, New Roads
Coming soon to a theater near you: How to build roads and bridges. The American Society of Civil Engineers last week screened a documentary titled, “Dream Big: Engineering Our World,” which spotlights efforts to encourage young people to pursue careers in engineering. Included in that mix are bridge and road design, fields that — if recent data are any indication — will require expertise for years to come.
February 20, 2017Truckload Chiefs Hold Out Hope for Business Upswing This Year
KEY BISCAYNE, Fla. — Truckload carriers struck an optimistic tone that a turnaround in the freight industry will occur in the second half of this year.
February 20, 201756,000 US Bridges Deficient
About 56,000 bridges nationwide, or 9%, were deemed structurally deficient last year, including those heavily used by trucks, an analysis by the group representing the country’s road builders determined.
February 20, 2017Electric Motors to Power Axles in Meritor-UQM Truck Project
Meritor Inc. and UQM Technologies Inc. announced an agreement to develop an integrated electric axle that would replace or downsize internal combustion engines on some electric commercial vehicles.
February 20, 2017XPO’s Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. — XPO Logistics Inc. CEO Brad Jacobs won’t rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that he’ll “double down” on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017Hiring, Keeping Young Drivers Proves a Constant Battle as Workforce Ages
Attracting and retaining younger drivers could hold the key to solving the trucking industry’s persistent struggle with turnover, but that’s much easier said than done, fleets are finding.
February 20, 2017Truck Turn Times Fall in January Versus 2016 Levels at SoCal Ports
The average time it took a truck driver to enter and exit the two largest ports in North America increased by five minutes in January to 81 minutes, sequentially, according to monthly data from the Harbor Trucking Association of California.
February 20, 2017Pilot Informant Seeks Whistleblower Status From Supreme Court in Rebate Fraud Scam
A stockbroker turned FBI informant who tipped off investigators to the Pilot Flying J fraudulent diesel rebate scheme has asked the U.S. Supreme Court to grant him whistleblower status.
February 20, 2017Top Freight Executives Leery of Trade Fight With Mexico
WASHINGTON — A disruption of trade agreements with Mexico has the potential of hindering the country’s flow of products with its southern neighbor, freight executives told a Senate panel Feb. 15.
February 20, 2017