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  • ITVI.USA
    14,520.110
    213.930
    1.5%
  • OTRI.USA
    22.070
    0.480
    2.2%
  • OTVI.USA
    14,489.070
    213.180
    1.5%
  • TLT.USA
    2.620
    -0.010
    -0.4%
  • TSTOPVRPM.ATLPHL
    2.540
    0.060
    2.4%
  • TSTOPVRPM.CHIATL
    2.460
    0.270
    12.3%
  • TSTOPVRPM.DALLAX
    1.360
    -0.040
    -2.9%
  • TSTOPVRPM.LAXDAL
    2.910
    0.180
    6.6%
  • TSTOPVRPM.PHLCHI
    1.490
    0.050
    3.5%
  • TSTOPVRPM.LAXSEA
    3.130
    0.260
    9.1%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    14,520.110
    213.930
    1.5%
  • OTRI.USA
    22.070
    0.480
    2.2%
  • OTVI.USA
    14,489.070
    213.180
    1.5%
  • TLT.USA
    2.620
    -0.010
    -0.4%
  • TSTOPVRPM.ATLPHL
    2.540
    0.060
    2.4%
  • TSTOPVRPM.CHIATL
    2.460
    0.270
    12.3%
  • TSTOPVRPM.DALLAX
    1.360
    -0.040
    -2.9%
  • TSTOPVRPM.LAXDAL
    2.910
    0.180
    6.6%
  • TSTOPVRPM.PHLCHI
    1.490
    0.050
    3.5%
  • TSTOPVRPM.LAXSEA
    3.130
    0.260
    9.1%
  • WAIT.USA
    108.000
    5.000
    4.9%
NewsTrucking

The Daily Dash: Your look at today’s news

The Daily Dash is a quick look at what is happening today in the freight ecosystem. In today’s edition, YRC Worldwide details how it will spend the $700 million loan it received from the government, Navistar and Samsara make it official and a PPP loan wasn’t enough to save an Alabama carrier.

YRC’s lifeline

Earlier this week, YRC Worldwide, the troubled less-than-truckload carrier, announced it would be receiving a $700 million loan from the U.S. Department of the Treasury in exchange for a 30% ownership stake in the company. In a filing with the Securities and Exchange Commission, YRC has detailed where that money will go, and it is good news for Teamster members — and possibly for all employees.  

John Kingston has more on this story: YRCW won’t face loan maturity payments for 4+ years under new deal

Summer weddings are the best

When one party so nicely complements another, the marriage is bound to work. That could be the case between vehicle maker Navistar and technology provider Samsara. Navistar’s Chintan Sopariwala, vice president of aftersales operations and connected vehicle, said the Samsara telematics technology complements Navistar’s OnCommand Connection vehicle diagnostics. “The beauty of this partnership is that … if you are a fleet owner, you now know all about the vehicle through Navistar and all about drivers through Samsara,” Sopariwala said.

Linda Baker has more on this story: A match made in telematics heaven 

Well, we’re never going to see that money again

The bankruptcy filing of Alabama-based carrier Foster Freights LLC shouldn’t raise many eyebrows. Afterall, the company has only four power units and six drivers. But when you accept a loan from the U.S. Small Business Administration’s Paycheck Protection Program (PPP) ostensibly to stay afloat, questions will be asked. Foster Freights received a PPP loan for $19,000 on May 4, according to records, and just one month later it went out of business.

Clarissa Hawes has more on the trials of Foster Freights: PPP loan can’t save Alabama carrier from bankruptcy

Stories we think you’ll like:

Mexican farmer protest disrupts trade at Texas bridge

Drivers in J.B. Hunt California settlement to get about $20k each

Convoy integrates with KeepTruckin to improve shipment tracking

Autonomous trucking startups reap millions in PPP loans

Did you miss this?

The Federal Motor Carrier Safety Administration (FMCSA) announced it “may exercise discretion” in enforcing minimum annual percentage random testing rates — as well as the requirement that employers spread testing dates throughout the calendar year — for carriers unable to meet the requirements.

The flexibility is being considered because some fleets may have trouble meeting the 50% random testing level because of the COVID-19 emergency declarations.

John Gallagher breaks down exactly what the ruling means: FMCSA to provide ‘flexibility’ for random drug testing

Hammer Down Everyone,

Brain Straight 

Managing Editor, FreightWaves 

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Brian Straight

Brian Straight covers general transportation news and leads the editorial team as Managing Editor. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and fleetowner.com. Brian lives in Connecticut with his wife and two kids and spends his time coaching his son’s baseball team, golfing with his daughter, and pursuing his never-ending quest to become a professional bowler.
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