The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, executives at Landstar System see a strong truckload market through midyear, but a cooling could happen in the second half of the year. Plus, at least one consultant believes the Biden administration will take a look at regulating driver detention, and Werner has sold its freight forwarding business.
End of the run
Strength in truckload demand has held up through the first few weeks of 2021, according to management at freight broker Landstar System Inc. (NASDAQ: LSTR), but it may not last.
Todd Maiden has details on when the cycle may end: Landstar sees spot market cooling in second half of 2021
Solving detention
A transportation consultant believes that the Biden administration may be more willing to look at regulating how long truck drivers can be detained without compensation.
John Gallagher explains: Driver detention review considered likely in Biden’s FMCSA
Moving on
Werner Enterprises (NASDAQ: WERN) is selling its international freight forwarding segment, Werner Global Logistics, to a larger forwarding company, Scan Global Logistics Group.
John Kingston has more on the sale: Werner selling its international freight forwarding business
FreightWaves Sales & Marketing Summit
FreightWaves Sales & Marketing Summit took place on Thursday. The event’s individual sessions are available on demand and a running summary of the day is available.
FreightWaves’ editorial staff has the coverage: FreightWaves Sales & Marketing Summit
Stories we think you’ll like:
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Can TFI avoid picking up where UPS left off?
Knight-Swift’s big Q4 cedes to apathetic TL interest; stock down 7%
Uber Freight courts small shippers with free rate-locking tool
Worthy weather movies for truckers: Part 5
Battery constraints a drag on the Tesla Semi
Nominations open for 2021 Shipper of Choice award
Senator will push Biden, Buttigieg for vaccine priority for food haulers
Did you miss this?
TFI International (NYSE:TFII) CEO Alain Bedard may have been greasing the wheels for the acquisition of UPS’ (NYSE:UPS) freight business, praising the Teamsters long before the acquisition was announced.
Nate Tabak has more of Bedard’s comments: Did TFI CEO extend olive branch to Teamsters before UPS deal?
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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