Plus: autonomous trucking just raised $113M, California is fighting to keep 20,000 drivers, Arrive's 2026 truckload freight forecast, and more.
Two bills just dropped in the Senate that could reshape trucking faster than anything since deregulation. Plus: Russian hackers targeted your load board, flatbed rejection rates just hit 40%, and a robot is taking the Houston-Dallas overnight run.
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.
Plus, layoffs at MoLo & Parade, an Illinois trucking company with 183 trucks files for bankruptcy, and Zynning goes mainstream.
Happy Friday. Today, we're reporting on DAT's rough week, from errors in key data to a not-so-great reception to DAT One. Plus, we're bringing you intel about layoffs at MoLo and Parade, an Illinois trucking company's bankruptcy filing, and the Zyn craze among freight brokers.
Question of the Day: Zyn nicotine pouch shipments saw a ___% jump as the product gained popularity among professionals seeking a mental edge, particularly in the freight brokering industry. Find the answer in the What's Cookin' in Freight section.
In today's email:
TOP LANE MOVERS POWERED BY GREENSCREENS.AI
*Greenscreens.ai, forecasts real-time truckload buy prices that are suited to each freight brokerage's purchasing power using AI and machine learning. Its engine takes into account over 130 attributes and data points in each rate forecast.
🐔 WHAT’S COOKIN’ IN FREIGHT
💼 Apparent Layoffs at MoLo & Parade. Recent whispers on LinkedIn suggest MoLo Solutions, an ArcBest company, and Parade are navigating through unconfirmed layoffs as part of broader restructuring efforts. The rumored changes at MoLo aim to streamline operations and pivot to more efficient workflows, including merging roles and adjusting pay structures. Similarly, "Open to Work" posts reveal Parade's ex-Onboarding Team Lead is looking for a new position due to a "surprise" layoff. Official announcements are pending.
🚚 Illinois Trucking Company Files Bankruptcy. Nationwide Cargo of East Dundee, Illinois, has filed for Chapter 11 bankruptcy with a fleet of 183 trucks and 171 drivers. Founded in 2010, the company faces financial challenges with liabilities of up to $50 million against assets of $1 to $10 million. Safety inspections reveal a concerning out-of-service rate of 26%, and the company's recent reported revenues neared $9.3 million. Amidst lawsuits and secured debts of over $5 million, shareholders Angelov, Peter Trendafilov, and Peter Panteleymenov each pocketed a $10,000 draw in December. Additionally, a peculiar $200,000 payment was made to Five Star Garage, owned by Angelov.
🚀 Zynning at Work. Brokering freight can feel like being in a pressure cooker on any given day, but a tiny nicotine pouch named Zyn is becoming the go-to for a wide swath of professionals seeking a mental edge. With a 62% jump in shipments, this trend spans industries, but freight brokers have a distinct culture around Zyn, sharing memes as a coping mechanism and a way to power through intense work sessions. While users tout Zyn as a cleaner alternative to traditional stimulants, acknowledging its role in managing stress and boosting productivity, they also hint at the tightrope walk between an occasional pick-me-up and dependence.
TOGETHER WITH ARMSTRONG TRANSPORT GROUP
Are you an experienced freight agent looking to take your career to the next level? Or perhaps you're relatively new to the logistics industry and want to learn from the best. Whatever your background, Armstrong Transport Group is the partner you need to succeed. Click here to learn more.
It's been a rough week for DAT, with revelations of errors in the company's Load to Truck Ratio data and a rocky rollout of DAT One. Freight X and other social media platforms are abuzz with the news.
DAT's load board is the go-to for the industry, the key freight matching platform that doesn't really have a major competitor.
User feedback criticizes the design of DAT One for its redundancy and inefficient use of space, challenging the platform's user-friendliness. User Mihailo Jelisavcic launched a few attacks at the design:
Whoever designed DAT One clearly never had to scroll through hundreds of different data. My biggest gripe with it is the unnecessary information that wastes my time. Why do the red squared fields even exist when everything is already written above?... Are the designers behind this DAT Freight & Analytics' platform actually working for DAT, or their main competitor - Truckstop?
And if all of that wasn't enough, DAT hit a digital pothole. An outage spread through their services, leaving DAT products out of commission.
The outage has been a hot topic across the freight community, leading to memes, digs from competitor TruckStop, and overall frustration regarding the impact on business.
Also, as of the last few hours, it seems like DAT is not working in Serbia. We will keep you updated with the developments.
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Join all size companies using Turvo’s TMS Platform, Mobile App, and the most popular Driver App in the industry. Ask For A Turvo Demo Here.
AROUND THE FREIGHT WEB
🏒 Penguins Freight Stolen. The Pittsburgh Penguins shipment of Jaromir Jagr bobbleheads, intended for last night's game, was stolen in California.
🔥 Arson at Knight-Swift. Viorel Pricop was found guilty of arson for setting fire to multiple Knight-Swift Transportation trailers in California, facing a minimum of five years in prison per count.
⛴ ZIM Stock Tumble. ZIM Integrated Shipping Services's stock dropped 14% stock after Q4 results, yet Jefferies maintains a buy rating with a $20 target price amid a challenging 2024 outlook.
🚚 Ex-Yellow Auction. The liquidation of Yellow Corp.'s assets continues with millions of dollars worth of tractors and trailers for auction, managed by Ritchie Bros. and Nations Capital, across the U.S. and Canada.
❄️ Reefer Rate Update. Amid higher volumes, the nationwide reefer tender rejection rate dips to 4.64%, signaling a trend to watch before the produce season, with flatbed rejection rates at 20.12%.
🎯 Target's Supply Chain Play. Target invests in AI and machine learning for inventory management and plans to add 10 new supply chain facilities in the next decade to enhance profitability.
FREIGHT MEME OF THE DAY
Also, check out:
Plus: autonomous trucking just raised $113M, California is fighting to keep 20,000 drivers, Arrive's 2026 truckload freight forecast, and more.
Two bills just dropped in the Senate that could reshape trucking faster than anything since deregulation. Plus: Russian hackers targeted your load board, flatbed rejection rates just hit 40%, and a robot is taking the Houston-Dallas overnight run.
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.
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