Category: Trucking News

Penray Kit Restores Headlight Covers

Penray's Headlight Restoration Kit 8405 is a two-step treatment to return a clear finish to headlight covers that have developed fading, yellowing, or glazing.

The kit includes two steps for restoration, prep and protect. Penray's Lens Prep lotion wipes away dirt and grime from headlight covers with a brief side to side wiping action. The preparation ends with wiping the prep material off with an alcohol wipe which is supplied in the kit.

The Protect step consists of two spray coats of Penray's lens coating across each headlight lens. After spraying, wipe off any overspray and it's done. Lense will look clear and be protected by the protectant, which bonds to the lens.

There is no requirement for sanding, special tools or the use of ultraviolet lighting. Penray's Headlight Restoration Kit 8405 is effective on all modern polycarbonate and plastic headlights and headlight covers. Each kit restores two headlights, and the product is covered by a one-year warranty.

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Virginia Trucking Company Execs Pleaded Guilty to Conspiracy Charges

As part of a plea bargain, Virginia-based Beam Brothers Trucking and its owners and top officers have pleaded guilty to conspiracy charges in a case alleging that Beam Bros knowingly committed offences against the U.S. and Federal Motor Carrier Safety Administration regulations, according to a report in News Leader.com.

BBT is one of the largest contract carriers of mail for the U.S. Postal Service. It was accused of defrauding the U.S. by “impeding the lawful government functions of the Federal Motor Carrier Safety Administration, Department of Labor and USPS."

Owners Gerald and Garland Beam (CEO/president and vice president, respectively), along with Operations Manager Shaun Beam and CFO Nickolas Kozel, pleaded guilty to one misdemeanor count of conspiracy knowingly violate highway safety regulations, according to TV station WHSV. The company pleaded guilty to one count of conspiracy to commit an offense against the United States, falsification of records in contemplation of a federal matter. Beam Brothers Holding, the parent company of Beam Brothers Trucking, pleaded guilty to one count of conspiracy to commit wire fraud.

Originally the company and its owners and management were charged with conspiracy, falsifying records, false statements, wire fraud, wire fraud conspiracy, and money laundering conspiracy related to hours of service and labor violations in a 126-count indictment.

The company faces more than $3 million in fines. BBT must pay a fine of $250,000, pay back $2 million in fraudulently obtained proceeds, and $1 million in restitution to drivers who were not properly paid. The four senior officers at the company pleaded guilty to misdemeanor conspiracy charges.

Over a 10-year period USPS paid BBT more than half a billion dollars. From June 1999 to March 2017, the company and its principals made trip schedules that violated hours of service regulations and falsified driver logs to ...Read the rest of this story

Wall Street 'risk off' selling has barely begun: NYSE trader

Wall Street 'risk off' selling has barely begun: NYSE trader

Yahoo Finance's Alexis Christoforous is joined by Keith Bliss of Cuttone and Co. to discuss the Trump-Comey crisis. Keith points out that despite stocks and Treasury yields being down significantly on the day the scandal broke, we haven't yet seen a lot of conviction as evidenced by volume. In other words, a lot of investors are sitting on the sidelines right now riding out the initial firestorm. If they decide to sell as evidence of a felony grows, stocks will trade much lower, and the "safety trade" will ignite.


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Iowa 80 Co-Owner Carolyn Moon Dead at 81

Carolyn Cusac Moon, who owned the Iowa 80 Truckstop with her husband Bill Moon, has died at age 81.

The Moons moved to Kansas City in 1965 to operate the Iowa 80 Truckstop in Walcott, Iowa, where Carolyn served as the chairman of the board and chief information officer until December 2016. Bill Moon died in 1992.

Today, after 28 expansions and remodels, Iowa 80 is overseen by the second generation of the Moon Family, and is part of the Iowa 80 Group, which owns several other truckstops and trucking-related service businesses.

Carolyn Moon was recognized as an early pioneer for women in the field of computer programming and graduated from Southwest Missouri State University with a degree in Mathematics in 1957. She was recruited to work for Lockheed Aircraft in California as a computer programmer and later worked at Boeing in Wichita, Kansas, as an engineering programmer, the only woman in the department at the time. While there she programmed mainframe computers and worked on engineering problems, mainly for the B-52 bomber.

Moon was an active member of the American Association of University Women in Davenport, Iowa, serving as treasurer. She was a founding member of the Natso truckstop and travel plaza organization, winning the group's Distinguished Member Award in 2003. She was awarded the Iowa Entrepreneur of the Year award in 2000 from Ernst and Young and was inducted with her husband into the Business Hall of Fame by Junior Achievement of the Heartland.

Moon is survived by her son Will Moon, daughters Delia Meier and Carolyn Jill Moon, and grandchildren Bill Moon, Ben Moon, Sarah Moon, Nell Meier, Lee Meier, Lana Meier, Alexandra Seehuus, Abby Seehuus, Miriam Maikon, and Sarah Maikon.

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