* Tennessee - Escrow funds from leased owner-operators’ can't be used to pay company debts
Nashville,Tennessee,USA -Land Line Magazine, by Sandi Soendker -4 March 2011: -- Can a motor carrier use escrow funds from its leased owner-operators’ money to pay company debts? The Owner-Operator Independent Drivers Association says no, it can’t, and a ruling this week from the U.S. Court of Appeals for the Sixth District clearly agrees... In a March 3 ruling, the U.S. Court of Appeals for the Sixth Circuit has held that escrow funds belonging to owner-operator drivers under lease to Arctic Express Inc. prior to 2000 were improperly transferred to Comerica Bank to pay Arctic’s debts to that bank... OOIDA President and CEO Jim Johnston called the ruling that driver escrow funds are subject to a statutory trust “very significant” and emphasized that the ruling “could be extremely beneficial to owner-operators in future cases” ... (Photo from net7: images grandpa Daggett, Canada's owner operator)
* Indiana - Bank works to get R.L. Carter Trucking drivers home
Clayton,IND,USA -Land Line Magazine, by Clarissa Kell-Holland -March 3, 2011: -- As many as 240 drivers for R.L. Carter Trucking Inc., based out of received grim news late Wednesday that their company was suspending operations that same day. Some were under loads and were running low on fuel when they received word that as of 3:15 p.m. Wednesday the company was shutting its doors for good... Many in the trucking world remember when hundreds of drivers for Arrow Trucking of Tulsa, OK, were stranded across the country just days before Christmas in 2009, under loads with no fuel and few options on how to get home... However, in this case, it appears that R.L. Carter drivers will be getting the help they need after all... The Transportation Alliance Bank, based in Ogden, UT, has stepped up to help stranded R.L. Carter drivers get their loads delivered and also make it home... Back in September 2010, R.L. Carter had filed a Chapter 11 bankruptcy petition and was reorganizing. However on March 2, the company ceased operation and the case was converted to Chapter 7 liquidation...
* California - CARB reefer grace period expires April 1
Sacramento,CAL,USA -Land Line Magazine, by Charlie Morasch -4 March 2011: -- Reefer haulers going into the Golden State with 2003 model year reefers must meet new emissions standards by the end of this month. A 90-day grace period for reefer owners is set to expire in California, the state’s air quality agency announced this week... By March 31, all model year 2003 reefer engines must meet new emission control standards under the California Air Resources Board’s Transportation Refrigeration Unit regulation... CARB fines in-state companies for failing to be registered with its TRU registration system up to $500 for each occurrence, and the agency fines “in-use performance violations” up to $1,000... (Photo from sunclassifiedads: 2003 Mitsubishi Fuso Fe211 Reefer Van )
Labels: trucking industry news USA and CAN
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