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FreightRover Gets Backing to Launch Freight Payment Service

FreightRover, a company launched a year ago by a former top executive at Celadon Group to provide technology to automate vendor payments, has secured a financing facility of up to $500 million from Crayhill Capital Management and other investors to support a new business that will offer trade finance and freight factoring services.

October 17, 2018

Housing Starts Sank 5.3% in September

WASHINGTON — U.S. home construction fell 5.3% in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market.

October 17, 2018

Stakeholder Comments to FMCSA Favor HOS Flexibility

A sample of last-minute written comments by trucking-related trade organizations mostly were supportive of tweaking federal hours-of-service rules to make them more flexible for commercial vehicle drivers.

October 17, 2018

Trump Plans Exit From Postal Treaty as Measure Against China

President Donald Trump plans to withdraw the United States from a 192-nation treaty that gives Chinese companies discounted shipping rates for small packages sent to American consumers, another escalation of his economic confrontation of Beijing.

October 17, 2018

Colorado Voters Could Play Role in Determining State’s Oil Output

On Nov. 6, voters may spoil BP’s welcome. That’s when it will be decided whether to limit drilling in an initiative that some say could cut the state’s oil output by more than half. The vote is being closely watched, not only by companies keen to join the Colorado boom but also by outsiders who see a potential blueprint for blocking development.

October 17, 2018

Like Motor Carriers, Truck Insurers Await Changes to Federal CSA Program

With potentially big changes coming to the federal Compliance, Safety, Accountability program, insurance companies are hoping for a better way to identify unsafe motor carriers in an environment where insurers may be paying out much higher claims under the current system while some carriers are battling skyrocketing premiums.

October 17, 2018

Employers Post Record Number of Open Jobs in August

WASHINGTON — U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth.

October 16, 2018

Colorado at the Crossroads

Colorado’s means of getting around are in great need of attention, partisans on every side agree. But the various solutions and competing ways of paying for transportation improvements offered by candidates and ballot measures are a different political matter entirely.

October 16, 2018

September Manufacturing Production Rises on Broad Demand

Factory production expanded in September for a fourth consecutive month on broad-based demand as the sector accelerated in the third quarter, Federal Reserve data showed Oct. 16.

October 16, 2018

ASCE Gives Minnesota Infrastructure a C

Minnesota has received a C grade on the American Society of Civil Engineers’ most recent infrastructure report card.

October 16, 2018