The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the CEO of one of the nation’s largest truckload fleets says that demand for services has plateaued. Plus, trucking could see a fundamental shift in policy and regulation, and a push to ban internal combustion engines could disproportionately impact the agriculture sector.
Is trucking demand peaking?
Demand for trucking services has “plateaued” in the past four to six weeks, though “we’ve not necessarily seen things getting worse,” according to Eric Fuller, CEO of U.S. Xpress.
John Kingston has more: Trucking demand flattens but driver supply still tightens: U.S. Xpress CEO
Shifting the battlefield
What could a Bernie Sanders-led Labor Department mean for trucking? American Trucking Associations’ CEO Chris Spear said it could mean a more nationalized approach to regulation.
John Gallagher has more on Spears’ thoughts: ATA sees independent contractor battle moving to national platform
Shutting down farm-based fuels?
A proposal that would ban internal combustion engines could devastate the agricultural industry in the U.S., a new report claims.
John Gallagher explains the expected impact of a ban: Ag retailers: Zero-emission truck plan could ‘devastate’ agriculture
Hydrogen windfall
Cummins believes hydrogen could be a big revenue generator going forward, with hundreds of millions of dollars coming from its hydrogen-making electrolyzers.
Alan Adler has the details on how big a business hydrogen will be: Cummins sees $400M in revenue from making hydrogen in 2025
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Did you miss this?
The Federal Motor Carrier Safety Administration has told Washington state that it can’t enforce meal-and-rest-break rules for commercial truck drivers subject to federal hours-of-service regulations.
John Gallagher explains why FMCSA has ruled: FMCSA rules Washington state can no longer enforce meal/rest break laws
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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Steven Popec
From an O/O prospective riding the spot market, yes, it peaked over a month ago. Some lanes are showing slight signs of a decline. All in all, still a solid demand for dry vans, but need to lane strategies carefully to maximize revenue.