Finances

Georgia Governor again cuts diesel fuel taxes due to ‘uncertain economic conditions’

This week, officials in Georgia announced that fuel taxes will be suspended through the end of November "due to ongoing high prices and uncertain economic conditions caused by failed policies coming out of Washington, D.C."

60,000 Yellow Corp. trucks, trailers, and support equipment units to go up for sale in 2024

Ritchie Bros. Auctioneers (Ritchie Bros.) and asset management firm Nations Capital (NCI) have received bankruptcy court approval to liquidate the assets of now-defunct trucking company Yellow Corp.

Iowa bank failure blamed on bad loans to trucking companies

The failure of a bank in Iowa has been tied its portfolio of loans to commercial trucking companies.

Traffic congestion costs trucking a highest-ever $94.6 billion a year, per report

The American Transportation Research Institute (ATRI) released an eye-opening new study on how traffic congestion costs trucking tens of billions of dollars.

Digital freight broker Convoy shutting down due to ‘unprecedented freight market collapse’

Seattle-based startup Convoy will be closing their doors for good, according to an internal memo released shortly after the company canceled loads and emptied load boards on Wednesday.

Georgia to extend diesel tax holiday for another month

On Friday, officials in Georgia announced that fuel taxes will be suspended for an additional month due to continued consumer pain caused by rising inflation.

Indiana trucking company says they’re ‘actively hiring’ with no layoffs following Chapter 11 bankruptcy filing

An Indiana-based trucking company that recently filed for bankruptcy protection has issued a statement to set the record straight on their plans for layoffs and hiring moving forward.

Sheetz extends diesel and DEF discounts through the end of September

Convenience store chain Sheetz announced that they will extend Truck Driver Appreciation Week discounts through the end of the month.

IRS issues truckers a tax time reminder

The Internal Revenue Service (IRS) says that truckers are running out of time to file the heavy highway vehicle use tax.

Video explores the struggles truckers are now experiencing coming down off the high of the pandemic

A video report follows a truck driver as she shares her experiences with the highs and then lows of trying to make a living in trucking in the years after the pandemic.

Eye-opening video follows owner-op who says he’s homeless even though he works 14 hour days

In this short documentary video, a crew follows an owner-operator who struggles to make ends meet as a way of exploring the labor issues plaguing the trucking industry.

New per-mile & weight-based CMV highway fee to go into effect in Connecticut in January 2023

Truckers who use roadways in Connecticut should be aware of a new highway usage fee going into effect early next year.

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