FEDEX FREIGHT COMPLETES SPIN-OFF, STARTS TRADING ON NYSE AS FDXF FedEx finalized the separation of its LTL unit, with FedEx Freight shares beginning regular-way trading today (ticker: FDXF); shareholders received one FDXF share for every two FDX shares held as of May 15. OHIO ENDS NON‑DOMICILED CDLS; STATE TO NOTIFY…
What happened — and when On September 11, 2002, Heavy Duty Trucking reported that H&W Motor Express, a 75-year-old Dubuque, Iowa, carrier that had filed for Chapter 11 in June 2002, faced a U.S. Trustee motion to convert the case to Chapter 7 liquidation. The carrier had suspended operations after…
SUPREME COURT SIDES WITH TRUCK DRIVER IN ARBITRATION DISPUTE, BOOSTING DRIVER CLAIMS A unanimous ruling allows a driver’s lawsuit to proceed despite an arbitration clause, a decision with major implications for carrier and broker litigation risk and contract practices across trucking. DUST STORM PILEUP INVOLVING MULTIPLE SEMIS SHUTS I‑80 NEAR…
Lawmakers press IRS for fast rules as cannabis tax landscape shifts A group of U.S. House lawmakers is urging the Treasury Department and the IRS to quickly publish guidance for state-legal marijuana businesses following the federal government’s recent move to reclassify certain cannabis products. The push, led by Reps. Steven…
STB ACCEPTS REVISED UP-NS MEGA-MERGER APPLICATION, MOVES TO 12-MONTH REVIEW Regulators accepted Union Pacific and Norfolk Southern’s amended filing, triggering a merits review while seeking more details by July 27. The railroads say the transcontinental deal could pull roughly 2 million truckloads off U.S. highways. STB TEMPORARILY PAUSES UP-NS MERGER…
Why this matters to trucking Congressional Democrats are pressing the Treasury Department and IRS to quickly publish tax guidance for state-legal cannabis businesses after the federal government partially moved medical marijuana to Schedule III. Their core ask: clarify how the end of Section 280E for qualifying medical operations should work…
STB ACCEPTS UP‑NS MERGER APPLICATION BUT PUTS REVIEW ON HOLD, SEEKS MORE INFO The Surface Transportation Board on May 28 accepted Union Pacific and Norfolk Southern’s revised $85B merger filing but immediately held proceedings in abeyance, ordering supplemental information by July 27 before setting a schedule. The pause also covers…
Why this matters for trucking cash flow For many small fleets and owner-operators, an income-tax refund helps bridge early-season fuel, maintenance, and insurance costs. The Taxpayer Advocate Service (TAS) says the IRS issues most refunds in about 21 calendar days and points filers to the “Where’s My Refund?” (WMR) tool…
DHL ECOMMERCE, USPS STRIKE $10B+ EXCLUSIVE LAST‑MILE DEAL Announced May 28, the multi‑year pact makes USPS the exclusive last‑mile delivery partner for DHL eCommerce in the U.S., marrying DHL’s first/middle‑mile network with USPS’s nationwide door coverage for parcel shippers. OHIO GREENLIGHTS CAB‑LESS, DRIVERLESS ELECTRIC TRUCKS ON PUBLIC ROADS THIS SUMMER…
What happened to H&W — and when Heavy Duty Trucking’s report “H&W Troubles Mount,” published September 11, 2002, chronicled the rapid deterioration of Dubuque, Iowa–based H&W Motor Express, a 75-year-old less-than-truckload carrier that had filed for Chapter 11 protection that June. By early September, the U.S. Trustee asked the bankruptcy…