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Industry News
Friday Aug 22, 2014 - Iowa man loses sentence appeal in grain elevator scam
DES MOINES — A northeast Iowa man sentenced to nearly four years in federal prison for fabricating grain elevator scale tickets and bankruptcy fraud has lost his sentence appeal.

The 8th U.S. Circuit Court of Appeals says 48-year-old Michael Recker was properly sentenced last year to 46 months in prison.

Recker, of Arlington, admitted at sentencing that in 2008 and 2009 he bribed an elevator worker to create false grain tickets then lied to Internal Revenue Service investigators about it.

Friday Aug 22, 2014 - Carriers, Brokers Warned About Identity Fraud Scam
Trucking information services provider, DAT Solutions, and the broker group, the Transportation Intermediaries Association, are warning of a scam that is affecting freight brokers and carriers.

TIA said it has received identity theft reports from freight broker and carrier companies whose logos, graphics, text and other intellectual property were stolen from their companies’ web sites.

The thieves use these elements to pose as brokers or carriers in emails, to recruit the email recipients

Friday Aug 22, 2014 - Driver of the future younger, more tech savvy and paid better, predicts transport researcher
The Trucker Staff

DALLAS — The driver of the future (2022) will be younger, more educated, have a greater interest in technology and be paid more than truck drivers of today, predicts Sandeep Kar, Frost & Sullivan’s global director of automotive and transportation research.
Kar made the predictions Wednesday at the Commercial Vehicle Outlook Conference here prior to the Great American Trucking Show.
And perhaps surprisingly — or not — he or she will be driving a diesel-powered ve

Thursday Aug 21, 2014 - 8 Farmers File Fraud Lawsuit Against Grain Company
8 Farmers File Fraud Lawsuit Against Turner Grain

by Mark Friedman on Wednesday, Aug. 20, 2014 12:50 pm

Soybean grains loaded on a truck. (Photo by Shutterstock)

A group of farmers on Monday sued Turner Grain Merchandising Inc. for fraud, saying they haven’t been paid for grains they sold to the Brinkley company.

The eight farmers, who have fields in Monroe, Phillips and Lee counties, said in a lawsuit filed in Lee County Circuit Court that they had commodities contracts to sel

Thursday Aug 21, 2014 - Supply chain is still the biggest hurdle for grain
Infrastructure constraints continue to be the biggest obstacle to grains sector efficiency gains, but a collective lack of will to implement change means the issue is still stagnating, according to a logistics specialist, according to The Land.

And things need to move on down the east coast and through South Australia away from port zones set essentially on state lines. Speaking at the Australian Grains Industry Conference (AGIC) earlier in the month, Luke Fraser of Jutarna Infrastructure sai

Wednesday Aug 20, 2014 - Culture of ‘cost-bashing’ remain a barrier to innovation in the supply chain?
By Zen Yaworsky

In the first of a two-part series, supply chain consultant Zen Yaworksy explains why 3PLs shouldn’t expect shippers to give them the oxygen to innovate anytime soon

Last week The Loadstar ran a post: “Shippers demand innovation from their favourite 3PLs, but will they pay for it?” Behind the post was a report from SCM World which broadly concluded that “buyers speak out of two sides of their mouth”; that they “want innovative solutions and strategic thinking, but in the en

I’m going to once again lean on FTR for its insight into the freight market and where rates might be headed. Jonathan Starks, director of transportation analysis with FTR, had some good news when commenting on the industry forecaster’s most recent Trucking Conditions Index. He suggested a rate increase is likely as we transition into the fall shipping season. Here’s why:

“The headline number of 4% for GDP growth in the second quarter is getting plenty of news but the real number for getting a

Tuesday Aug 19, 2014 - Bruce Oakley To Give Turner Grain Money To Judge
by Mark Friedman

A North Little Rock company said Monday that it plans to hand over the money it owes Turner Grain Merchandising Inc. of Brinkley to a judge to decide how to divide it among Turner's creditors.

"We have a small amount of [Turner's] money because they do deliver to us and sell to us, but we turned that all over to our legal department," David Choate, vice president of grain and barge operation for Bruce Oakley Inc. of North Little Rock, said. "Because we're not in a positio

Tuesday Aug 19, 2014 - Trucking bankruptcies to squeeze US shippers as freight demand rises
William B. Cassidy

Company by company, truck by truck, motor carrier bankruptcies threaten to sap freight capacity from an already tight truckload shipping market in the U.S. as freight demand rises.

As operating costs such as driver pay rise and federal regulations cut into productivity, hundreds of trucking companies are shutting their doors each quarter. Although most of these companies are small, collectively they are as large as a multi-billion-dollar motor carrier.

In the first qu

Monday Aug 18, 2014 - Trucker reports $722,000 in profit
USA Truck Inc. on Thursday reported a net income of $722,000 for its second quarter, giving the company its first quarterly profit in three years.

The earnings for the second quarter of 2014 reversed the $1.4 million loss the Van Buren-based company posted for the same period in 2013.

"We reached an important milestone this quarter, crossing over to profitability while making good progress in implementing our turnaround plan," John Simone, president and chief executive officer, said Thursd