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  • 585 Truckers Stranded When Company Shuts Down Without Notice
    Hundreds of truckers found themselves stranded on the road when one of the largest flatbed companies in the country closed its doors without warning. Some drivers found out when their fuel cards stopped working, others when they received a text and email sent at the very end of the last day of operations. Falcon Transport Co. is currently listed in the DOT database as having 723 trucks and 585 drivers. Adding in office and support staff, the company employed about 700 people. According to its website, Falcon was a family business started in 1903 with a horse and wagon and passed down through four generations of family ownership. But, in 2017, the company was bought by a private equity group, CounterPoint Capital Partners LLC. In legal paperwork filed over a week after they closed down, Falcon blamed the shutdown on “unforeseen business circumstances” including the closure of a… ..... Read More.
    TRUCKERS REPORT – Trucks & Trucking | Business & CommerceFri, May 10, 2019
    2 weeks ago
  • This Trucker Fell Asleep At The Wheel After Falsifying His Logs. A Jury Awarded Him $80 Mi...
    Usually when a trucker falsifies his logs to drive over his allowable hours of service, then falls asleep at the wheel and gets in an accident, he is the target of the lawsuit. But this trucker was the one bringing the lawsuit. And a jury just awarded him $80 million. On May 3rd of 2015, Lauro Lozano had just gotten home after dropping off a load in San Antonio, TX when his phone rang. His boss called him and told him to get back out on the road and pick up another load. According to court documents, when Lozano told him that he was out of hours and would need to take his mandatory 34 hour reset, his boss told him to falsify his log books. Fearing for his job, Lozano did what he was told and got back to the yard to pick up his truck at… ..... Read More.
    TRUCKERS REPORT – Trucks & Trucking | Business & CommerceFri, May 10, 2019
    2 weeks ago
  • Police: This Carrier Owner Overbilled One Customer By $3.6 Million Over 8 Years
    A carrier owner is facing nine felony charges related to allegedly fraudulent business practices. Over the course of several years, police say she overcharged just one client by more than $3.65 million. Lorie Stuer is co-owner of Michigan-based Stoney Creek Trucking. In December of last year, a construction equipment company, Bandit Industries, filed a complaint with the country Sheriff’s office. The complaint led to a five-month investigation. Authorities found that since 2011, Stuer had been artificially inflating invoices sent to Bandit. All told, the company had been overcharged by $3.65 million. Nine felony charges have been filed against Stuer. She faces three counts of false pretenses totaling $1M or more, three counts of using a computer to commit a crime, and three counts of fraud for obtaining signature with intent to defraud.   Source: FMCSA, 9and10news, nbc25, wnem The post Police: This Carrier Owner Overbilled One Customer By… ..... Read More.
    TRUCKERS REPORT – Trucks & Trucking | Business & CommerceFri, May 10, 2019
    2 weeks ago
  • Truck Stop Fender-Bender Leads To Trucker Stabbing
    Two truckers have been arrested following a fight in a truck stop parking lot that started as a result of what police are calling a “minor vehicle accident.” The fight escalated and led to one of the men stabbing a third trucker twice. On Monday evening at around 6:30pm, two trucks got in a fender-bender at the TA Truck Stop off I-64 and Route 34 in West Virginia. Team drivers Matthew and David Threlkeld got in an argument with an unnamed trucker. According to a press release put out by the Putnam County Sheriff’s office, both Threlkelds attacked the third trucker. Matthew Threlkeld allegedly stabbed the victim in both his leg and his stomach using a folding style knife. When deputies later obtained a search warrant and searched the Threlkelds’ vehicle, they found the bloody knife inside. Both Matthew and David Threlkeld were arrested at the scene. Matthew… ..... Read More.
    TRUCKERS REPORT – Trucks & Trucking | Business & CommerceFri, May 10, 2019
    2 weeks ago
  • $2 Trillion In Infrastructure Spending Agreed To In “Very Productive” Bipartisan Meeti...
    President Trump sat down this week with Democratic leaders to start putting a plan together for round two of his promised infrastructure plan. During the meeting the group put a number on the target amount of money that will be spent: $2 trillion. According to a statement put out by the White House, the $2 trillion will go towards “roads, highways, bridges, tunnels and railroads, modernizing our air travel system, and expanding broadband access for our great farmers and rural America.” Senate Minority Leader Chuck Schumer and Speaker Nancy Pelosi took questions after the meeting with President Trump. They told reporters that President Trump agreed to meet with them again in three weeks to present them with his plan for where the money will come from. And where the money will come from will likely be the sticking point in making this plan a reality. That’s because President… ..... Read More.
    TRUCKERS REPORT – Trucks & Trucking | Business & CommerceFri, May 3, 2019
    3 weeks ago
  • Celadon Agrees To Pay $42 Million After Admitting To Fraud
    Celadon Group Inc. has agreed to pay $42.2 million in restitution as part of a settlement agreement announced last week by the U.S. Department of Justice. The company admitted to “filing materially false and misleading statements to investors and falsifying books, records and accounts.” The plea deal is a result of an SEC investigation into Celadon which found that the company had deliberately inflated their financial statements. Quality Companies LLC, a truck leasing company which was wholly owned by Celadon, wasn’t doing well. In 2016, they had over 11,000 tractor trailers. According to a press release published by the DOJ, there were “a significant number… with mechanical issues, which many drivers did not want to lease.” Instead of selling the trucks at a loss and negatively affecting share prices, executives came up with a plan. “Between approximately June 2016 and October 2016, Quality engaged in a series of… ..... Read More.
    TRUCKERS REPORT – Trucks & Trucking | Business & CommerceFri, May 3, 2019
    3 weeks ago
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