The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight another pay-increase announcement for drivers, FedEx’s carbon-neutral plans for contractors, and more.
The High Five
1. Crete Carrier and Shaffer Trucking has announced a pay increase for drivers in its regional and national over-the-road fleets starting May 1. Crete Carrier President and COO Tim Aschoff attributed the pay increase to “an expected economic recovery as the nation begins to emerge from the COVID-driven downturn.” Todd Maiden with the details: ‘Even stronger summer than last year’ sends driver pay higher
2. FedEx plans to help its more than 5,500 U.S. ground delivery contractors achieve carbon-neutral operations by 2040 — assistance that the company is not automatically compelled to provide because the contractors are not FedEx employees. Mark Solomon with more: FedEx pledges help to ground contractors converting to carbon neutrality
3. With the definition of independent contractors pinballing around the three-legged stool of the states, Washington and the federal courts, there’s a particular group of truck drivers with an additional level of uncertainty: those operating on lease purchases. John Kingston with the story: Independent contractor definition battles may further complicate lawsuits over lease purchases
4. Recently, Canadian Pacific announced that it would acquire Kansas City Southern, triggering review by the Surface Transportation Board. The CP-KCS transaction is the one and only transaction among large U.S. railroads that is unquestionably beneficial for automotive and other customers. Contributor Dennis Manns’ viewpoint: Greenlight the pro-shipper CP-KCS combination
5. Oil prices have declined on several factors: a reaction to a market that had climbed rapidly and was seen as due for a correction; a quick rise — lasting no more than a day or two — created by the Suez Canal closure; and a rising dollar, which works to push down oil prices. John Kingston with more: No blackjack: DOE/EIA diesel price streak of increases stops before 21
Five more to check out
Volvo partners with Aurora for hub-to-hub autonomous trucking
Massive opium bust at Port of Vancouver leads to warehouse sting
Flooding continues in waterlogged South
Roadcheck 2021: The 5 things drivers need to know
Haul of Fame: Central Freight Lines has served its customers for 95+ years
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now