04 Apr Three Former Roadrunner Executives Charged With Fraud The Securities and Exchange Commission has formally charged the former chief financial officer and two of his associates at Roadrunner Transportation Systems with accounting fraud and misleading investors about the company’s financial results. Read more...
04 Apr OOIDA-Backed Lawsuit Over Pennsylvania Turnpike Tolls Dismissed The U.S. District Court for the Middle District of Pennsylvania on April 4 dismissed the Owner-Operator Independent Drivers Association’s class-action lawsuit claiming the state lets the Pennsylvania Turnpike Commission collect “excessive” tolls, hampering interstate commerce. Read more...
04 Apr Cynosure Invests in Visible Supply Chain Management Visible Supply Chain Management has received an unspecified equity investment in its business from The Cynosure Group, an investment firm controlled by the Eccles family in Salt Lake City, according to a statement released April 3. Read more...
04 Apr Rep. Rodney Davis: Fund Infrastructure Account Like a 401(k) WASHINGTON — How do you keep infrastructure projects funded in this country is the multitrillion-dollar question policymakers on Capitol Hill have yet to answer. Read more...
04 Apr Federal Judge in New Orleans Asked to Dismiss Alleged ‘Staged Accident’ Lawsuit At the request of the plaintiffs, a federal judge in New Orleans is expected to dismiss a civil lawsuit involving a truck accident that was similar to numerous others that the trucking company defendants said are under investigation by federal law enforcement for being staged by the alleged victims. Read more...
04 Apr Trump Threatens Car Tariffs on Mexico Over Drug Flow Across Border President Donald Trump retreated from threats to immediately close the border with Mexico over migration, instead abruptly pivoting April 4 to a new demand: that the Mexican government stop the flow of illegal drugs into the U.S. within a year or face car tariffs. Read more...
04 Apr Carmakers Sell More to Rental Companies as Retail Demand Weakens Stronger-than-expected new car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume. Read more...
04 Apr XPO Logistics to Launch Enhanced Last-Mile Capabilities Online XPO Logistics Inc. will launch expanded last-mile capabilities on its XPO Connect digital freight marketplace, company officials said. Read more...
04 Apr Jobless Claims Fall to 49-Year Low, Below All Forecasts Filings for U.S. unemployment benefits unexpectedly fell, dropping to the lowest since December 1969, as the labor market tightened further. Read more...
04 Apr Investors Leery of Sharp Downturn in Labor Market Investors were on edge a year ago for signs the U.S. labor market was overheating. Now they’re primed for the opposite. Read more...