Haslam family sues Berkshire over valuing of final chunk of Pilot
The family who founded Pilot Travel Centers and sold 80% of it to Berkshire Hathaway has filed suit over valuing the final 20%.
The family who founded Pilot Travel Centers and sold 80% of it to Berkshire Hathaway has filed suit over valuing the final 20%.
Pilot Travel Centers has been forced to shut 19 of its outlets due to the liquidation of those sites’ operator, Mountain Express.
The quarterly earnings report from Berkshire Hathaway was the first with a full set of financial numbers from Pilot.
Partnering with Relay for digital fuel payments — and utilizing its integration through Amous — has completely eliminated fuel theft for PURE, saving the company an average of $10,000-$15,000 per month.
The long-planned acquisition of a bigger stake in Pilot by Berkshire Hathaway has been completed, and new data is expected to emerge as a result.
Inside this edition: CVSA Brake Safety Week; Canada is No. 1; and robots and hot dogs come together.
This week: Pilot announces details of its three-year remodeling plans; the Women Automotive Network releases diversity survey data; and Fayetteville State University honors successful supply chain interns.
A major U.S. retailer publishes its numbers, and on average they’re up more than 35 cents in two days.
Un importante minorista estadounidense publica sus cifras: de media han subido más de 35 centavos en dos días
Ex-Pilot president alleges reverse racism as he seeks different judge, location for second fuel fraud trial. Long-Haul Crime Log investigates the claims.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Lawmakers hear from trucking on outlook for achieving zero-emission vehicle targets
In today’s edition of The Daily Dash, a lawmaker would like to make COVID vaccines available at a truck stop chain; the future of trucking regulations; and why is trucking employment falling?
OOIDA testifies on vaccine and truck parking concerns before the House transportation committee.
Each company is the other’s “preferred partner” in the factoring/truck stop cooperation
Top 10 lists dominate the end of any year. FreightWaves’ Top 10 stories list is voted on throughout the year by readers simply by reading our stories on freightwaves.com. Here are the stories you read the most in 2020.
In today’s edition of The Daily Dash, cyberattacks on Forward Air and Central Freight Lines are causing supply chain issues. Plus, FedEx and UPS receive kudos for their performance transporting the COVID vaccines.
Unable to continue its tradition of providing hot meals to the truck drivers who deliver wreaths to Arlington National Cemetery for Wreaths Across America, TCA and Pilot Flying J have come up with another way to honor this year’s 75 drivers.
In today’s edition of The Daily Dash, YRC’s loan is facing scrutiny from Congress, plus LTL tonnage is on the rise and prosecutors ask for the reinstatement of the conviction of former Pilot CEO Mark Hazelwood and two others.
Prosecutors are asking the 6th Circuit Court to reconsider its Pilot fraud case ruling that tossed out the convictions of Mark Hazelwood and two staffers.
With equity stake off the table in the Nikola-General Motors deal, what does that mean for the future of the Badger electric pickup truck?
Appeals court sets Nov. 30 deadline for prosecutors to file petition for rehearing in Pilot Flying J case. Photo: Wesley Tingey/Unsplash
Clock is ticking for federal prosecutors to decide their next steps after appellate court overturned former Pilot President Mark Hazelwood’s conviction,
In today’s edition of The Daily Dash, FMCSA denies an HOS exemption for drivers with animals, YRC is boosting pay for some new drivers, OOIDA criticizes cost estimates for broker transparency and the conviction of the former Pilot Flying J president is overturned.
A federal appellate court overturned the convictions of former Pilot Flying J President Mark Hazelwood and two members of his sales team on Wednesday in a fuel rebate scandal that rocked the truck stop dynasty.
Trucks had to navigate around fallen trees along I-10 Westbound in Louisiana Thursday in the immediate aftermath of Hurricane Laura.
Truck stops using generators to reopen stores.
Logistics aid network seeking assistance from transportation sector.
In today’s edition of The Daily Dash, autonomous-truck startup TuSimple may not be meeting revenue projections, Knight-Swift reports strong Q2 earnings, and a driver misclassification suit against New Prime reaches a $28 million conclusion.
Tire inflation company Aperia is trying to gain market share by offering its solution with no upfront cost. Plus, movie industry freight haulers have received an exemption from drug testing rules and a judge has denied FedEx’s request to dismiss a racial discrimination suit.
Travel plazas are balancing social distancing to prevent the possible spread of coronavirus with providing food and services to truckers, whose dining options in some cases are limited to drive thru and carryout.
Crafting a mission statement and values for TravelCenters of America is among myriad tasks veteran turnaround expert Jon Pertchik is taking on in his latest project.
Waymo is now testing self-driving trucks on highways in Texas and New Mexico, plus Rhode Island budgets shortfall in truck toll revenue and House committee chairman tries to restart infrastructure talks.
Seeing expansion of the truck stop business as finite, Pilot Flying J is rapidly expanding its energy business. Reflecting that is a name change to the Pilot Company, an homage to the single gas station founder Jim Haslam purchased in 1958.
The biodiesel blender credit reinstated by Congress Dec. 17 is a $3 billion a year boost to a less-polluting diesel fuel.
Tracy Cox pleaded guilty to one count of wire fraud in federal court on Nov. 22, admitting she orchestrated an elaborate money transfer scheme to defraud the Indiana-based trucking company out of nearly $382,000.
Pilot Flying J is targeting small trucking fleets with a new fueling network aligned with brands like Marathon Oil’s Speedway commercial fueling locations. It expects to have 250 outlets by the end of 2020.
“Your body is your engine” and needs routine maintenance to prevent a breakdown.
7-minute company demos will garner a lot of attention at the upcoming FreightWaves LIVE Chicago conference, November 12-13.
Plus: strawberry imports surge, Illinois cannabis law favors minority vendors; scooter accidents on the rise
Pilot Flying J has filed a civil lawsuit against Falcon Transport of Youngstown, Ohio, and its private equity owners, alleging the now-defunct carrier owes the truck stop chain nearly $800,000 in unpaid fuel bills.
Senior U.S. District Judge Curtis L. Collier Jr. sentenced the final four women to be tried in the Pilot Flying J fraud case to probation and community service, the Knoxville News Sentinel reported.
The vote, with one council member abstaining, took place at 1:05 a.m. this morning.
Jurupa Valley, CA is building a badly needed truck stop. The locals don’t seem to want it.
In celebration of its 60th anniversary this month, Pilot Flying J announced donations totaling $2 million at a Nov. 1 presentation at the company’s headquarters in Knoxville. More than 20 nonprofit organizations will receive contributions.
“We are genuinely saints and sinners,” said Judge Collier, “and what we see in this white collar crime is the duality.” When the court is asked to consider all the good, it must also consider the laws that he broke again and again over a period of half a decade.
Today, the long-awaited final results are in.
Cashflow Corner presented by TriumphPay …A creature from the Black Lagoon, George Washington’s desk, and a 10-foot gold-plated harp are just a few of the odd things hauled by truck drivers, according to the 2018 King of the Road survey from Atlas Van Lines.
The acquisition will make Pilot Flying J one of the largest third-party crude hauling fleets in the country.
Waymo announced late on Friday that its self-driving trucks will begin delivering goods for Google’s logistics operation in Atlanta.
One of our top priorities at Pilot Flying J is to make drivers’ lives more comfortable and convenient while on the road
Have ELD’s worsen the truck parking problem? Perhaps, but the real problem remains where spots are located and letting drivers know those locations.
Commentary Where do we go from here? Rarely does a major Federal trial come knocking on your hometown’s court doors. The Pilot Fraud Trial is now a piece of Chattanooga […]
14 Pilot Flying J employees pleaded guilty before the trial started. Now Mark Hazelwood, Scott Wombold, and Heather Jones join their former colleagues as newly minted felons.
“It is hard to imagine a more clear scheme to defraud,” prosecutor Trey Hamilton said.
Jury deliberations in the Pilot Flying J trial begin tomorrow. We’ve learned as much about the importance of data analytics as we have about fraud.
Today prosecutors played a tape of former Pilot President Mark Hazelwood using the n-word and disparaging the citizens of Cleveland, Ohio, and Oakland, California. The other defendants asked the judge for separate trials, but he said a decision would have to wait.
Judge Collier has decided to let federal prosecutors play a “vile, despicable” tape of Mark Hazelwood’s racist rant against black people, the Cleveland Browns, and the entire population of Cleveland, Ohio.
Pilot CEO Jimmy Haslam III insists he had no knowledge of the fuel rebate fraud scheme his company perpetrated against thousands of its customers. But why does his name keep coming up in court?
Tuesday morning, Pilot’s army of defense lawyers got their chance to re-frame the case as one of government overreach, where federal prosecutors relied on dubious witnesses to tar Pilot’s executives with guilt-by-association.
On Monday in Chattanooga, federal prosecutors presented their opening arguments in the conspiracy and fraud trial of former Pilot Flying J employees Mark Hazelwood, Scott Wombold, Karen Mann, and Heather Jones.
The EPA is preparing to formally rescind the requirements that glider kits comply with Phase 2 greenhouse gas emissions rules.
The concept of driverless trucks has recently jostled the transportation industry. However, truck drivers everywhere may be relieved to discover that world-renowned business tycoon, Warren Buffett, is betting a fortune on their livelihoods, and sees no need to worry about an impending AI driver revolution.
Truck orders are about to boom, if a new industry update from Stifel is correct. The firm believes that Class 8 orders, which have been strong this year, are about to take off for the remainder of the year as many larger fleets begin ordering larger quantities of vehicles.
Berkshire Hathaway has agreed to acquire a 38.% stake in Pilot Flying J with the right to obtain an additional 41.4% stake in 2023, the company announced.
Four more former Pilot Flying J executives formally pleaded guilty to charges related to the company’s alleged defrauding of carriers.