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Hackers posted 19,000 fake loads under TLS’s name. Here’s how it happened and what brokers need to know.
Despite improved safety in the U.S. trucking industry, litigation verdicts soar, impacting largely small businesses. Explore the trend and its implications.
The U.S. trucking industry, vital for the nation's economy, is being bombarded with skyrocketing lawsuit verdicts. While trucking safety has improved notably, verdict sizes have soared. This trend threatens not just the large entities but the heart of the industry – small trucking businesses.
Key Highlights:
The U.S. Chamber of Commerce Institute for Legal Reform paper closely examines this worrying trend, unraveling the reasons and providing solutions to ensure a fair justice system for all involved. Want a comprehensive understanding of the challenges and the recommended measures? Click below for more.
Source: Roadblock: The Trucking Litigation Problem and How to Fix It
2021 saw a record-setting $1 Billion verdict against a trucking company, showing that nuclear verdicts in fleet cases continue to rise. Although most of that won't be collected - such a high verdict changes the meaning of what is acceptable.https://t.co/rEn9SLf8Ce pic.twitter.com/ncABSxjqLP
— Predictive Coach (@PredictiveCoach) July 13, 2022
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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