The Daily Dash: Nikola, SPACs and what’s next?

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Nikola Corp. took a quicker path to becoming a public company, but there are now questions about the increasing role SPACs are playing in markets. Plus, can the shipper-broker-trucker relationship be improved? And UPS tries again for an exemption from some driver-training regulations.

Nikola fallout highlights the role of SPACs

The path Nikola Corp. (NASDAQ: NKLA) took to becoming a publicly held company offers a cautionary tale for others going the same route following a report claiming fraud and the sudden departure of founder and executive chairman Trevor Milton.

Todd Maiden explores the role SPACs play as an alternative to an IPO: Fast track to public listings dealt a blow amid Nikola fallout

Relationship advice

Shippers, truckers and brokers have complicated relationships. Each is on a constant quest to gain an advantage, but is that good for anyone in the end?

Contributor Brian Fielkow explores the dynamics of a healthy relationship: ‘I’ve got a lot of problems with you people!’

In need of drivers, not regulations

UPS [NSYE: UPS] is taking another swing at a federal exemption from new entry-level driver training regulations as it struggles to fill driver training slots across its network.

John Gallagher explains why the package giant needs the exemption: UPS tries again for entry-level driver training exemption

Crime doesn’t pay

Nine more people have been charged in an ever-growing probe in staged truck accidents in Louisiana. In total, 28 people have now been charged with staging accidents with tractor-trailers in an insurance scheme.

John Kingston has details on the latest charges: More indictments handed down in Louisiana staged accident scheme

Stories we think you’ll like:

Cass sees freight trends accelerate sequentially in August

C.H. Robinson’s new Procure IQ tool helps take the guesswork out of moving freight

Investor lawsuits mount against Nikola, founder Trevor Milton

VCs: Nikola scandal won’t stem cash flow to clean-tech startups

Lowe’s to roll out parcel lockers nationwide

Intense peak season on tap, three top transportation executives say

Schneider shifts to some off-site orientation for its new drivers

Did you miss this?

Data and commentary from trucking companies indicate that strong volumes and rates will continue. The indications have analysts raising their expectations for third-quarter earnings.

Todd Maiden has details on why analysts are excited: All signs point to a prolonged trucking rally

Hammer down, everyone,

Brian Straight

Managing Editor

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