The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight the latest coverage of the cyberattack that shut down the Colonial Pipeline, along with more industry news.
The High Five
1. Colonial Pipeline, which carries fuel from the Gulf Coast region to the mid-Atlantic and Northeast, said in a statement Monday that it has a goal of “substantially restoring operational service by the end of the week” after shutting the line following a cyberattack. John Kingston’s update
2. The FBI said that the DarkSide ransomware gang was responsible for the Colonial Pipeline cyberattack. It came after the hacking group itself issued a statement suggesting the cybercriminals may be feeling a tinge of regret over the massive disruption to the U.S. gas and diesel supply chain. Nate Tabak’s story
3. Federal regulators issued an emergency work-rule exemption for truck drivers and motor carriers as a result of the shutdown, which warranted a regional emergency declaration and an exemption from Parts 390 through 399 of federal motor carrier safety regulations, according to the FMCSA. John Gallagher’s report
4. The nation’s largest advocate for truck brokers is looking to Congress to help clarify regulations with the goal of eliminating illegal dispatching — potential changes that have riled legitimate operators within this sector of the trucking industry. John Gallagher with more
5. The transportation sector responsible for moving raw materials and manufactured goods throughout the U.S. has hit the proverbial ceiling, meaning the freight market cannot get much tighter than it already has without a structural expansion. Zach Strickland’s Chart of the Week
Five more to check out
Plus scores SPAC deal as Wall Street sizes up TuSimple prospects
Allstates WorldCargo acquires GFE to expand customer footprint
EKA Solutions adds functionality to Omni-TMS platform
Snowy start to week for truckers in Rockies
FreightWaves Classics: Interstate 5 runs from Mexico to Canada
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now