The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a pair of emails sent to Prime Inc. drivers last week created some confusion about their involvement in a class-action lawsuit settlement. Plus, a Texas trucking company has become the latest to shut down, and Workhorse has received another $200 million to build electric trucks.
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Prime Inc. drivers potentially eligible for a settlement from a class-action lawsuit received information last week on how to participate, and then were told it was a phishing scam. Confusion followed.
John Kingston has the story on what really happened: Prime driver settlement scam warning was false alarm
Carrier shuts down
Yet another trucking company has fallen victim to the current economy. Trinity Logistics Group has reportedly shuttered its trucking business, leaving more than 100 drivers without jobs.
Clarissa Hawes has details: Texas trucking company closes its doors, sources say
Workhorse reaches for more money
Workhorse Group (NASDAQ: WKHS) is selling $200 million in new debt to build up cash it needs to increase production of its electric delivery vans.
Alan Adler has more on why the company continues to take on debt: Workhorse gets $200 million to advance electric van production
In search of more warehouse space
As e-commerce has boomed in a COVID-19 world, warehouse space has shrunk. Texas has become a hotbed of warehouse activity with major companies recently opening or planning to open new facilities.
Noi Mahoney details what companies are adding facilities: As e-commerce soars, logistics real estate in Texas is hot
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Did you miss this?
The Federal Motor Carrier Safety Administration will address broker transparency at an upcoming listening session, the agency has announced.
John Gallagher explains how the public can take part: FMCSA to hold broker transparency listening session Oct. 28
Hammer down, everyone,