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, 300 stolen pallets were recovered in California, project44 takes MyCarrier to court, and more.
Good morning and happy Friday. If you're not negotiating rates with carriers while also placing bets on the Olympic games, you might be missing out. Take a look below at the bet a TQL rep made with his carrier yesterday ahead of the USA-Serbia basketball game.
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🐔 WHAT’S COOKIN’ IN FREIGHT
🚛 Union Levels High in Transportation. Union membership hit a record low of 10% in 2023, down from 20% in 1983. However, Transport and warehousing sits at 16% unionization. Union workers earn more: $1,262 weekly average versus $966 for non-union. And unions still make waves. Teamsters influenced Yellow Corp.'s closure after failed talks. Also, UPS Teamsters secured a historic $30 billion deal with major wage hikes--part-timers will see a 48% average increase over five years. But trouble brews elsewhere. East and Gulf Coast ports face potential strikes as negotiations stall.
🏛️ MyCarrier vs project 44. The two freight tech companies are locked in a Delaware court battle over alleged contract violations. The dispute centers on a 2023 agreement's "No Build-Behind" clause, with project44 accusing MyCarrier of developing a competing eBoL product. MyCarrier denies this, claiming they had not built any competitive tech and that the eBoL features on their platform were already being used. As project44 threatens service suspension, MyCarrier is seeking legal protection. The court had declined MyCarrier’s restraining order and had set a date for August 6 for both parties to engage in a formal discovery process. This case could set precedents and regulations for future freight tech partnerships. This story is still developing.
🚔 300 Stolen Pallets Recovered. A major cargo theft bust occurred in Riverside County, California on August 2, 2024. Authorities raided a warehouse in Jurupa Valley, uncovering over 300 pallets of stolen merchandise. The goods ranged from small appliances to high-end gaming computers. Yong Li, 33, was arrested for receiving stolen property and an aggravated white-collar crime enhancement. The raid was the result of an investigation into an organized retail crime and trailer cargo theft ring that began in February.
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Move over, FedEx. There's a new delivery service in town, and it's out of this world. Space logistics company Outpost is gearing up to launch shipping containers into orbit, a giant leap for global cargo delivery.
"Shipping containers delivered anywhere on Earth through space." – Outpost Carryall promotional video.
Founded by former Made In Space (now RedWire) executives, Outpost started as a satellite return company. Now, they're thinking bigger - much bigger.
Outpost CEO Jason Dunn explains: "Earth return is not about just returning to Earth. It's about returning to a very specific place on Earth. We want landing pad precision."
Surprising Stat: Outpost's payload capacity is 5x higher than traditional space capsules
"Because our entire entry system is fabric and lightweight and low mass, we can dedicate a huge amount of our vehicle to the customer's payload," Dunn said at a recent conference.
• $1.25 million Air Force contract for orbital cargo warehousing
• Partnership with NASA for International Space Station cargo return
• Successful test flight: 180 km journey, 5-meter landing accuracy
Outpost aims to make space manufacturing a reality. By dramatically lowering return costs, they could unlock new industries beyond Earth's atmosphere.
While we're not quite at "Prime Space" delivery yet, Outpost is bringing the final frontier closer to our front doors.
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Win new deals by filling your climate feature gap — fast.
Capture snowballing climate demand by embedding industry-leading emission calculations, carbon insetting, and carbon-neutral shipments into your platform.
🌎 AROUND THE FREIGHT WEB
🤝 Sports Betting Meets Freight Rates. Yesterday, a TQL rep and a dispatcher agreed on a freight rate with a twist: the carrier would have earned an extra $25 if Serbia had beaten the USA in basketball. However, the USA team won.
🚨 Drug Bust at Border. U.S. border agents intercepted over $48M worth of meth from Mexico. On the same day 266 pounds of cocaine was discovered at Blue Water Bridge port of entry near Port Huron, MI.
📈 Maersk CEO: No Recession in Sight. Maersk's CEO reports strong freight demand in the U.S. with no signs of an impending recession, despite global challenges affecting container volumes and costs.
📞 Dispatch Scam Alert On Reddit. A freight broker is dealing with a scammer who is misusing their MC, insurance, and tax ID to book fraudulent loads and is seeking advice on how to stop the harassment and protect their business.
🚚 Autonomous Trucking Getting Miles. J.B. Hunt, Bridgestone, and Kodiak surpassed 50,000 miles using autonomous trucks in their long-haul delivery partnership.
🎣 THE FREIGHT CAVIAR CORNER
We are hosting a FreightCaviar Happy Hour alongside our friends from Journey on August 15th, 2024, in Chicago, IL. If you would like to attend (it's free), you just need to RSVP using this link. We have limited capacity, so RSVP now if you want to join us.
FREIGHT MEME OF THE DAY
Also, check out:
This week's podcast episode, where we interview the CEO & Founder of CtrlChain along with Gert-Jan de Goeiji, Vice President Europe at their HQ in Eindhoven, Netherlands. At the beginning of 2023, they opened their Chicago office.
Catch it on YouTube, Spotify, or Apple Podcasts.
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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