In the latest episode of "The FreightCaviar Podcast", we sit down with Grace Maher and Jonathan McCormack of OTR Solutions. They shared their take on the current freight market, freight fraud, and talked about OTR's new platform for carriers.
AI agents are loud. Levity’s automation gets things done. Learn why freight ops need workflows, not hype.
Plus, Landstar delays Q1 earnings report due to massive fraud hit, witness tied to truck crash scheme murdered, UPS to cut 20K jobs amid Amazon pullback, and more.
Major trucking companies urge FMCSA to rate unrated carriers, debating over a simpler safety rating system for better road safety.
The Federal Motor Carrier Safety Administration (FMCSA) faces pressure from major trucking companies and brokers to assign safety ratings to over 90% of interstate freight carriers currently unrated. The push comes as FMCSA considers revising its safety fitness determination process. Most carriers lack a rating due to FMCSA's resource limitations, raising concerns about the potential for unsafe trucks on the road. Opinions vary on the best approach to updating the rating system, with some advocating for a simpler fit/unfit system, while others support maintaining or expanding the current multi-tier system. The debate highlights the need for a clear and effective safety rating process to identify and address risks in the trucking industry.
Source: Freight Waves
Major trucking companies and brokers who book their freight are pressuring the Federal Motor Carrier Safety Administration to attach a safety rating to carriers operating without such a rating — a situation that exists for over 90% of the freight market. https://t.co/49O8qgiNEg
— FreightWaves (@FreightWaves) December 1, 2023
Source: Freight Waves
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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