John Kingston

1 week ago | freightwaves.com | John Kingston

Legislation that passed the Texas Senate last month and that the trucking industry believed would bring about “much-needed reforms” in trucking-related lawsuits has died in the House. But another piece of legislation backed by the industry, SB30, and its companion bill, HB 4806, are still considered alive as the Texas state legislative session races toward its Monday conclusion. The companion House bill to SB39, approved in April, was HB 4688.

1 week ago | freightwaves.com | John Kingston

LAS VEGAS – Manhattan Associates has been in the transportation management system sector for about 15 years, taking a big step forward with its integrated Active platform in 2021. But users of its TMS, which is designed to focus on shippers, are dealing with a new set of challenges brought on by the potential supply chain chaos created by tariffs, real and anticipated.

1 week ago | freightwaves.com | John Kingston

The owner of two trucking companies in the Fresno, California, area pleaded guilty Tuesday to one count of theft of government property in connection with loans he took under the pandemic-era Paycheck Protection Program. Gurjeet Bath pleaded guilty before the U.S. District Court for the Eastern District of California. The indictment was filed in August 2024. Bath’s trucking companies were G.S. Bath Inc. and Complete Transportation Solutions, based in Fresno County.

1 week ago | freightwaves.com | John Kingston

Retail diesel prices declined last week, according to the benchmark number published by the federal government, picking up on a downward trend that had taken a break the prior week. The Department of Energy/Energy Information Administration average weekly retail diesel price fell 4.9 cents a gallon to $3.487, a drop of 4.9 cents. It follows a 6 cents per gallon increase for the weekly price posted a week ago.

1 week ago | freightwaves.com | John Kingston

The improvement in trucking credit conditions seen in the first-quarter earnings of Canada-based bank BMO came to a halt in the second quarter, with only a few signs of a strengthening market alongside other numbers pointing to more deterioration. BMO (NYSE: BMO), the former Bank of Montreal, is a major lender to the trucking industry. Its quarterly earnings break out results for various sectors, including transportation, which is believed to be more than 90% lending to trucking companies.