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This week: The Dalilah Law, a trucking bankruptcy that wiped out thousands overnight, a FreightGuard civil war on Reddit, and the payroll data that's predicting Q4 capacity.
Indiana pulled the trigger on carriers employing illegal CDL holders. Plus: tariff ruling could flood LA with imports, DC finally moves on double brokers, spot rates are outrunning contract, and more.
AccuWeather reduces 2024 Atlantic hurricane projections after unusual August. Fewer storms expected, but season's already seen major impacts.
AccuWeather is slashing its 2024 Atlantic hurricane season predictions. Though this may sound good, there have already been some impact with the storms that have hit the US so far.
"Extremely warm waters across much of the Atlantic basin are ideal for tropical development and rapid intensification, but the surge of dry air, dust, wind shear, and cold waters off the coast of Africa have prevented most tropical waves from developing," explains AccuWeather's Alex DaSilva.
So far this season, 5 upcoming storms have been named, 3 of which are projected hurricanes. Something that was nice was there were no storms on Labor Day for the first time since 1997. Must have felt nice not having such a huge backlog due to storms after a holiday weekend. However, we did have some storms that have impacted the industry this year. Take, for instance, Hurricane Beryl, which crushed Texas earlier in July. A category 5 storm that caused $28-32 billion in damage and closed ports for days, thus hurting the freight industry in a time where it can ill-afford any setbacks.
Adriana Pulley
September is typically peak hurricane season. But it's time to look elsewhere for truckers hoping for FEMA loads.
"Carriers who use disaster relief as a chance to supplement revenue during the last months of the year should seek other opportunities as they arise instead of waiting for the perfect storm," advises FreightWaves meteorologist Kaylee Nix.
The National Hurricane Center hasn't changed its official forecast yet. Stay tuned as the season continues through November 30.
Source: FreightWaves
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Plus: UPS to cut 30,000 jobs, ATA pushes to extend under-21 driver program, and cargo thieves targeted bigger paydays in 2025.
Plus: Congress advances transportation funding bill, warehouse demand rebounds, December imports slide.
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