The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight the latest companies with salary increases for drivers, a layoff at a processing and distribution center in Texas and more.
Also, on Wednesday, FreightWaves will host its latest virtual event, the Small Fleet & Owner-Operators Summit. For free registration, click here.
The High Five
1. Forward Air announced a new way to tackle the trucking industry’s capacity headwinds. The Greeneville, Tennessee-based asset-light trucking and logistics company will now provide additional compensation to team and solo owner-operators depending on the destination of the load. Todd Maiden’s story
2. Navistar International Corp. reported a big jump in its Q2 fiscal-year earnings due in part to gains on its investment in autonomous trucking software startup TuSimple Holdings. Navistar and TuSimple are working together to bring a Class 8 high-autonomy truck to market in 2024. Alan Adler’s story
3. Digital freight platform Redwood Logistics announced a partnership with project44, the recently recognized unicorn of real-time visibility platforms, to provide an enterprise-grade integration that will give Redwood customers visibility into multiple modes of transportation. Grace Sharkey’s story
4. The departure of Jerome Guillen, who was overseeing the oft-delayed Tesla Semi program, renews questions about when the electric trucks will be on the road as more than prototypes. Tesla announced Guillen’s departure in a two-sentence filing with the Securities and Exchange Commission.Alan Adler with more
5. Turntide Technologies announced the launch of Turntide Transport — a division focused on developing electric “smart motors” for commercial vehicles. CEO Ryan Morris said the division aims to help drive down the carbon footprint of freight transportation. Noi Mahoney’s story