The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a Federal Motor Carrier Safety Administration listening session on a possible broker transparency rule saw shippers questioning how this would impact their confidentiality agreements. Plus, Schneider plans a special dividend, Werner’s earnings top expectations and carriers weigh in on the election.
What about the shippers?
In an online listening session Wednesday, FMCSA leaders heard industry views about possible changes to current broker transparency regulations. One question came up repeatedly: What about the shippers?
John Kingston has the details: Shipper confidentiality issue arises during broker transparency hearing at FMCSA
Too much cash on hand?
As Schneider National’s (NYSE: SNDR) growing pile of cash has accumulated, there has been speculation about what the company would do with it. Now we know.
Todd Maiden explains how Schneider will use the money: Schneider to pay $2 special dividend, Q3 results in line
What’s on your mind?
The fragile state of the U.S. economy is the top issue on the minds of motor carriers, according to a FreightWaves survey that asked respondents to list their top three issues in advance of Tuesday’s election.
Alan Adler digs into the results: Economy is runaway top issue in carrier survey
Werner benefits from essential goods
Werner Enterprises (NASDAQ: WERN) continued to roll along in the third quarter of 2020, buoyed by a client list responsible for moving essential goods.
Todd Maiden details Werner’s 2021 outlook: Werner sees ‘stronger setup’ going into 2021
Stories we think you’ll like:
Did you miss this?
A coalition that includes Coca-Cola, The Home Depot and Procter & Gamble is urging the Federal Motor Carrier Safety Administration to roll out a split-duty pilot program that would pause a truck driver’s 14-hour clock.
John Gallagher has details on what the shippers want to see: Shippers urge feds to consider 14-hour driving rule change
Hammer down, everyone,