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.
Plus, a CSX train collides with a semi hauling a military tank in South Carolina, a truck driver is awarded $160M in a lawsuit over a defective truck, and Truckstop announces another round of layoffs.
Happy Friday the 13th. The 2024 Presidential Debate has been the topic of conversation across the web this week, and we're breaking down the candidates' statements regarding key factors impacting the freight industry. Meanwhile, ATRI releases data on the $15B driver detention problem.
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🐔 WHAT’S COOKIN’ IN FREIGHT
💼 Jury Awards $160M in Trucker Injury Lawsuit. An Alabama jury awarded $160 million to trucker Leonard Street, who became an incomplete quadriplegic after a rollover crash in his Western Star truck. The lawsuit blamed Daimler Truck North America (DTNA) for outdated and defective cab and seat designs, unchanged since 1995. The verdict includes $75 million to Street, $10 million to his wife, and $75 million in punitive damages. Street’s legal team hopes the ruling pushes for stronger safety regulations. DTNA plans to appeal.
🚛 Truck Driver Detention: A $15B Industry Headache. Driver detention—waiting over two hours to load or unload—is a growing issue, with 39.3% of deliveries delayed in 2023. The American Transportation Research Institute (ATRI) estimates $15 billion in total losses, including $11.5 billion in productivity. Causes include poor scheduling and staffing, and parking shortages. Some truckers are combating the issue by refusing service to chronic offenders, but only half of detention invoices are paid. Despite slight improvements, detention remains a costly, persistent problem within the trucking industry.
🚂 CSX Collides with Semi Hauling a Tank in SC. Yesterday, a CSX train struck a low-boy semi truck carrying a military tank in Goose Creek, SC, after the truck got stuck on a railroad crossing. No injuries were reported, but the crossing was damaged, causing area delays. The 18-wheeler, hauling a Paladin Howitzer, was unable to move in time to avoid the oncoming train. Authorities were on-site shortly after and an investigation will assess how the truck became stuck.
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The 2024 Presidential Debate brought Vice President Kamala Harris and former President Donald Trump head-to-head on key economic topics.
Below is a quick breakdown of their views on manufacturing, tariffs, and energy, and what their policies could potentially mean for the industry.
“We’ve lost 10,000 manufacturing jobs this month. We hardly make chips anymore.”
Trump also wants to ramp up domestic chip production, which could mean more freight demand for raw materials and finished products within the U.S.
“We’ve created over 800,000 manufacturing jobs during my time as Vice President.”
“If she won the election, fracking in Pennsylvania will end on Day One.”
“We’ve made historic investments in a clean energy economy while increasing domestic gas production.”
"We’ll put tariffs on those cars so they can’t come into our country."
"We’re building American-made cars, not closing plants like under Trump."
The policies from each candidate could have a big impact on freight. Trump’s focus on tariffs and fossil fuels, while Harris’ clean energy plans point to a future of electric trucks and tech-driven freight.
Source: Manufacturing Dive
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🌎 AROUND THE FREIGHT WEB
💼 Truckstop Layoffs. Truckstop has initiated another round of layoffs, impacting employees across various departments. This is a developing story updates will come when available.
🚛 FreightTech.net Launching 9/16. FreightTech.net introduces a platform to help buyers easily identify the right technology solutions for their logistics needs.
🛣️ States with Fewer Fatal Truck Accidents. Recent data from Whitley Law Firm reveals which U.S. states saw the largest reduction in fatal truck accidents, with North Dakota ranking number one nationwide.
🏢 DSV Set to Acquire DB Schenker. Global logistics company DSV is expected to announce its acquisition of DB Schenker this Friday, marking a significant consolidation in the European transport sector.
📉 UPS to Lay Off More Employees. To improve profitability, UPS is planning additional layoffs, continuing its earlier plan to cut 12,000 jobs, originally announced in January this year.
FREIGHT CONFERENCES WE'RE ATTENDING
The FreightCaviar team will be once again attending the FreightWaves: Future of Freight Festival (F3) from November 19-21. It’s all happening in the heart of Freight Alley. Hope to see you there!
FREIGHT MEME OF THE DAY
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.
The Supreme Court ruled Trump's tariffs illegal. Plus: an Illinois official took $300K and handed out illegal CDLs, cartel violence may affect your Mexico freight, 550 CDL schools just got shut down, and more.
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