The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the battle lines are being drawn in the regulatory fight over broker transparency, and now the Federal Motor Carrier Safety Administration will consider dueling petitions. Plus, J.B. Hunt announced several executive changes, and self-driving startup TuSimple secures $350 million in funding.
Sides stake out their broker battle lines
Federal regulators are considering opposing petitions on rulemakings affecting how brokers conduct business in the latest development of a regulatory battle between brokers and independent owner-operators.
John Gallagher lays out each side’s arguments: FMCSA seeks comment on proposal to eliminate ‘bad-actor’ brokers
J.B. Hunt Transport Services (NASDAQ: JBHT) announced several changes to its executive leadership team on Tuesday.
Todd Maiden details the changes: Several C-suite changes at J.B. Hunt
Financial backing for self-driving startup
Self-driving trucking company TuSimple reportedly has raised about $350 million in a Series E round closing this month, according to Forbes.
Linda Baker has the story of who is behind the raise: Self-driving truck company TuSimple reportedly raises $350M
Operating costs drop
The cost to operate trucks in 2019 fell as the industry contracted, and while drivers earned less, they brought home more money in bonuses.
Alan Adler explores the numbers: Trucking costs fell 9.3% in 2019 with industry contraction
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Zach Strickland dives into the numbers: Reefer capacity tapped out prior to vaccine release
Hammer down, everyone.