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
Five more to check out
Overhaul raises $35M to enhance visibility for shippers, carriers
Report: Kroger’s drone delivery takes flight
World Oceans Day offers a reminder about the plastic problem
FreightWaves Classics: FMCSA regulates the trucking industry