Transportation startups starting to look desperate
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
The Department of Justice, on behalf of the Environmental Protection Agency, has filed a lawsuit against NS to ensure the railroad pays for the cleanup at the site of the Feb. 3 Ohio train derailment.
The U.S. Justice Department on Thursday blew the whistle on the planned acquisition of a large container manufacturer by a Chinese company.
Delta is the latest airline to settle charges of defrauding the U.S. Postal Service on mail transport contracts.
Fake timestamps helped UPS collect full payment for U.S. Postal Service deliveries, federal authorities say.
Electric truck maker Nikola projects it will build 300-500 battery-electric trucks this year and post up to $150 million in revenue.
Several trade and transport groups claim ocean carriers should lose special antitrust privileges and face stricter regulatory enforcement of shipping laws.
Nikola avoids admitting wrongdoing, but the SEC lays out a litany of misdeeds that led to the $125 million settlement.
The Nikola founder fails in the bid to get his fraud trial moved out of New York to Arizona or Utah, where his wife is ill.
SCOTUS’ request for input on the CTA case suggests it is interested in the question of state versus federal preemption, and trucking attorneys are happy as a result.
Suspending electric van production, converting debt to equity and reducing cash burn are among the new CEO’s early moves at the troubled Workhorse Group.
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]
After settling a class-action lawsuit over defective MaxxForce engines, Navistar agrees to pay the government for Clean Air Act violations.
Prosecutors allege Oumar Sissoko, 59, of Temecula, California, who claimed to own a pothole repair company called Road Doctor California LLC, spent hundreds of thousands of dollars on luxury items after receiving $7.25 million in PPP loan funds.
A federal grand jury has indicted a former fleet manager of Builders FirstSource, a publicly traded construction products manufacturer, alleging Steven Duety used company credit cards to defraud his employer of $1.6 million.
Now-pardoned California Republican Duncan Hunter pleaded guilty to misusing campaign funds.
Former Louisiana trucker Alfred Bourgeois was put to death Friday, after the U.S. Supreme Court rejected a last-minute bid by his attorneys for clemency.
German gas manufacturer Linde GmbH allegedly blew hot air at U.S. Customs in its import declarations to fake the value of goods and lower its duty liability.
A district court judge has signed off on a $48.9M class-action settlement for employees of two of the nation’s largest railway suppliers that are alleged to have engaged in no-poaching agreements.
A former Stradis executive has been charged with sabotaging electronic shipping records, which delayed the delivery of critical personal protective equipment to healthcare providers
Airbus will pay penalties in France, the U.S. and U.K. for using go-betweens to bribe airlines and governments to buy Airbus products.
Government continued to pay for services even though it was aware of carrier’s reweigh policies, YRC, others say.
If confirmed, the new DOJ deputy could bring with him from DOT potential deregulatory influence.
Suit alleging millions in DoD overcharges centers on proper reweighing.
YRC inflated shipment weights, billed improperly, and covered up actions, suit alleges.