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Drug Seizures Rise at Mexico Ports Amid Fight With Cartels
Drug seizures have increased at ports along Mexico's West Coast as enforcement agencies work to control shipping hubs influenced by violent cartels.
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U.S Bank Freight Payment Index Q2 2024
In the second quarter, the national truck freight market continued its downward trend. Both the U.S. Bank Shipments and Spending Indexes contracted from the first quarter, though the declines were less severe compared to recent quarters.
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Surge Transportation Emerges From Bankruptcy
Just over a year ago, the industry was stunned by the news of Surge Transportation declaring Chapter 11 bankruptcy. Equally surprising, Surge Transportation emerged from bankruptcy filed on July 24, 2023, to complete a successful reorganization by July 24, 2024.
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New Phishing Scheme Aimed At Freight Guards
New phishing scheme aimed at Carrier411 and users who are worried about potentially bad reviews or freight guard reports. This scheme uses fake domains and emails to trick the user into thinking they have a negative freight guard or review.
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Credit Profiles For The Largest Freight Brokerages In 2024
Despite a challenging 27 months for freight brokerages during this market downturn, often considered a freight recession or even a depression, the overall credit scores for these brokerages are not as dire as expected.
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SEC Charges Former Trucking Execs Over $112 Million Ponzi Scheme
Two executives from the now-defunct Florida-based trucking and logistics firm, Royal Bengal Logistics Inc., have been charged with participating in a Ponzi scheme that fraudulently raised about $112 million from 1,500 investors.
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Corporate Espionage Within Freight Brokerages
In recent months, the freight industry has been rocked by a wave of unprecedented scams. Just last week, we discussed a freight ransom ring in Illinois. Now, we have another alarming story to share: corporate espionage.
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Trucking Company Secretly Moving Meth Hidden Within Shipments of Vegetables, Unsealed Indictment Shows
A recently unsealed indictment has revealed allegations that a trucking company was secretly operating a statewide network, leading to the seizure of nearly 13,000 pounds of methamphetamine and dozens of guns.
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Another Victory for TQL and 3PLs in Broker Liability Case
Another brokerage company has successfully defended itself in court, with a recent ruling holding that a 3PL (third-party logistics provider) is not liable for an accident involving a carrier it hired.
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Windrose Trucks Coming to US in 2025
A new electric Class 8 truck from Chinese manufacturer Windrose was unveiled at the ACT Expo in May 2024. The truck has a range of up to 415 miles (670 km) and is designed for long-haul trucking.
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Semi Truck That Bypassed Scales Was 103,000 Pounds Overweight
Connecticut State Police (CSP) conducted a traffic stop on a commercial vehicle on July 10th in Danbury after troopers observed it bypassing a weigh station and traveling on secondary roads.
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Illinois Freight Ransom Ring
Nearly two dozen freight brokers claim that Agility Express Inc., an Illinois trucking company, and its network of affiliated carriers targeted their businesses just before the Fourth of July holiday, holding 36 confirmed loads hostage for ransom.