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Oil spikes to $120 on Iran news before settling near $106. Plus: another influencer shipment gets stolen, Wyoming can now pull your truck, 24 states sue over tariffs, and more.
Michigan man sentenced to 17 years for duping investors into a trucking venture with false promises of hefty returns.
Big Rig, Big Fraud: A $40M Misadventure in Trucking
Michigan resident Franklin Ray just landed himself a 17-year stay behind bars. Here's the lowdown:
False Promises
Ray structured his scheme by duping investors into a trucking venture with promises of hefty returns.
In the end, Ray had hundreds of investors fueling his fake truck empire.
Source: CDL Life
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Plus: backlash over carrier safety rankings, the Port of LA’s push toward 10M TEUs, states expanding ICE enforcement, and more in today’s newsletter.
We spoke with Demi Ramon, Operations Director at Highway, and Michael Caney, Chief Commercial Officer at Highway, to examine the
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