Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
The California State Assembly has passed a bill to ban driverless trucks weighing more than 10,000 pounds on state roads, with a significant majority voting for the presence of a safety driver. The bill has gained approval from various labor groups, including the Teamsters, who fear job losses due to the adoption of autonomous trucking technology. However, the Autonomous Vehicle Industry Association (AVIA) criticized the bill as a measure that could hinder road safety improvements and the state's competitiveness in autonomous technologies. Autonomous trucking companies based in California, like Kodiak Robotics, Plus, Waymo, and TuSimple, currently use safety drivers in their operations.
Source: FreightWaves
“The California State Assembly voted Wednesday to ban driverless trucks from the state’s roadways, requiring a safety driver be present.” https://t.co/g1IWmeIWYO
— Dooner 🏴☠️ (@TimothyDooner) June 1, 2023
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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