The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a lawsuit from the Teamsters and safety groups opposing the recent changes to hours-of-service rules will not have the support of the Owner-Operator Independent Drivers Association. Plus, regional carriers are poised to gain as FedEx and UPS shed freight volumes and what are equipment ordering cycles telling us about 2020 and beyond?
OOIDA supports HOS changes
The Owner-Operator Independent Drivers Association (OOIDA) and Teamsters are often in tune with each other, but not this time. OOIDA has split from the Teamsters and is supporting FMCSA’s hours-of-service changes.
John Gallagher explains why: Owner-operators opposing Teamsters in HOS lawsuit
Frightful season ahead
As FedEx and UPS boost surcharges for the peak parcel season and tell some shippers to find other capacity solutions, regional carriers are poised to gain. But will they be ready?
Mark Solomon explains how they are preparing: Nightmare on parcel street opens historic window for regional carriers
2018 all over again?
Tender rejections remain near all-time highs and fleets are ordering equipment again. But unlike 2018, this equipment splurge may not create an overcapacity issue.
Zach Strickland explains: Carriers purchasing trailers over tractors during booming freight market
Border closures extended
The U.S., Canada and Mexico announced a continuation of nonessential border closures between the countries through Nov. 21.
Nate Tabak has the impact on freight movement: US, Canada, Mexico border closures extended to Nov. 21
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Did you miss this?
Shippers have clawed back a little pricing power, but carriers remain firmly in charge as tender rejection rates remain high and spot rates stay elevated.
Andrew Cox dives into the latest DHL Supply Chain Pricing Power Index data: OTRI above 25% for 6 weeks — longest streak ever
Hammer down, everyone,