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.
"A labor strike that would shut down six out of 10 of the busiest ports in the US just weeks before the presidential election is looking increasingly likely", per Bloomberg.
Negotiations for a new labor deal at East Coast and Gulf ports are at a standstill.
According to statements from the United States Maritime Alliance (USMX) and International Longshoremen's Association (ILA) the two parties are far apart on a deal.
The Union of the ILA is seeking increased wages to make up for inflation and "Extraordinary profits won by the Ocean Liners during the Pandemic", according to Bloomberg.
Harold Daggett, ILA President, said that if a deal is not reached by the last weekend of September there will be a strike. These strikes will effect several ports such as Boston and Houston.
The potential strikes would come just weeks before the election.
How could this affect trucking?
With a potential port strike, hurricane season, and a looming election, this could be a perfect storm for rate hikes that brokers and carriers are so desperately looking for.
A labor strike that would shut down six out of 10 of the busiest ports in the US just weeks before the presidential election is looking increasingly likely, per Bloomberg.
— unusual_whales (@unusual_whales) August 12, 2024
Join over 14K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
