You've probably heard people taking about buying and owning stocks, but have you ever wondered what a stock is exactly? Buying stock is essentially buying a claim on part of a corporation's earnings or assets. Stocks are bought and sold on a stock market, such as the New York Stock Exchange.
Roadrunner Transportation Systems, Inc. is promoting Frank Hurst to be the president of Roadrunner Freight, the company's asset-light LTL business.
Hurst joined the company in January this year as senior vice president of sales & marketing for the Roadrunner Freight unit, after having served for three years as vice president and general manager for North America Corporation, a distributor of facilities, packaging and marketing supplies.
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...Read the rest of this storyBYD announced that it just completed battery-electric refuse truck demonstration project with the Los Angeles Sanitation (LASAN) department and Wayne Engineering. According to BYD, this demonstration logged more than 5,200 miles and drove up to 108 miles per day, with an average range of 99 miles.
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...Read the rest of this storyIsuzu Commercial Truck of America noted that its 40,000th gasoline-powered Isuzu N-Series truck rolled off the production line at the Spartan Motors assembly plant in Charlotte, MI, back on June 8 this year.
Assembly of Isuzu N-Series gas trucks began at the Spartan facility back in April 2011, the OEM noted.
“From April 2015 to June 2016—a span of 15 months—we went from 20,000 to 30,000 gas-powered Isuzu trucks produced in Charlotte,” said Shaun Skinner, Isuzu's president, in a statement.
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...Read the rest of this storyThe Supreme Court has declined to hear a legal challenge to the federal government's electronic logging mandate, making it a near certainty the rule will take effect this December.
The Owner-Operator Independent Drivers Association had sought a review by the high court on numerous grounds, including that electronic logs violate the Fourth Amendment of the U.S. Constitution. However, the decision from the court paves the way for the Dec. 18 implementation date of the mandate from the Federal Motor Carrier Safety Administration to go forward.
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...Read the rest of this storyThe U.S. Supreme Court will not hear a challenge to the ELD mandate. Photo: Public domain
">The U.S. Supreme Court will not hear a challenge to the ELD mandate. Photo: Public domain
">The U.S. Supreme Court has denied the Owner-Operator Independent Drivers Association's request to take on the issue of the constitutionality of electronic logging devices.
The June 12 announcement of the court's denial of OOIDA's petition means the court will not hold hearings on whether the regulation violates drivers' rights to privacy under the Fourth Amendment, which means a lower court ruling upholding the Federal Motor Carrier Safety Administration's ELD mandate stands.
Under the electronic logging device rule, motor carriers and drivers must transition to ELDs by Dec. 17 of this year. Those that were using automatic onboard recording devices prior to Dec. 18, 2017, may continue using AOBRDs through Dec. 16, 2019. Suppliers of ELDs must conform to technical specifications, certify their ELDs, and register them with FMCSA.
Along with the issue of protecting driver privacy, in its petition to the Supreme Court, OOIDA also was seeking a ruling on whether the ELD rule violates the Fourth Amendment by failing to establish a regulatory structure at the state and federal levels that serves as a substitute for a warrant.
OOIDA will no doubt continue to push the issue in the other two branches of the federal government, Congress and the White House, as part of its “Knock Out Bad Regs” campaign.
According to OOIDA, requiring electronic monitoring devices on commercial vehicles “does not advance safety since they are no more reliable than paper logbooks for recording compliance with hours-of-service regulations.”
Related: 14 Things You Need to Know Before ELDs Become Mandatory
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...Read the rest of this storyDon't divorce your retirement account when you say ‘I do'
