Trucking firms face fines for skirting payroll costs

Payroll costs: Truck drivers may drive hundreds of miles a day, but many are doing it without benefits and routine worker protections, according to lawmakers going after companies that improperly classify the drivers as independent contractors. Assembly members released a proposal last week that sets a much higher bar for port…

Ship-holding Corp. Acquires Pure Car

International Shipholding Corporation (ISH) today announced the purchase of a 1999-built Pure Car Truck Carrier (PCTC). The vessel acquisition was funded by a $3.5 million cash payment and the sale of the Company’s 1994-built PCTC, Green Cove, to the seller in a transaction valued at approximately $27.5 million. The newly…