The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, members of Congress have some questions about a government loan that was granted to YRC Worldwide. Plus, freight tonnage continues climbing in the less-than-truckload segment and prosecutors have asked an appeals court panel for a reversal of a decision that tossed out the conviction of ex-Pilot CEO Mark Hazelwood.
A controversial government loan to YRC Worldwide (NASDAQ: YRCW) is likely to be a hot topic at an upcoming congressional committee hearing.
Todd Maiden has details on what concerns the committee: Mnuchin to testify at hearing addressing $700M YRC, Treasury loans
Freight volumes keep growing
Less-than-truckload carrier SAIA (NASDAQ: SAIA) announced Wednesday shipment metrics for the first two months of the fourth quarter that included a November tonnage hike of more than 7%.
Todd Maiden details what else the company said: Saia sees tonnage trends advance in Q4
Error in judgment?
Federal prosecutors are asking an appeals court to reconsider its recent ruling that tossed out the convictions of former Pilot Flying J President Mark Hazelwood and two members of his sales team for their alleged roles in an elaborate $56.5 million fuel rebate scheme.
Clarissa Hawes explains why prosecutors want a do-over: Feds urge appeals court to reconsider ruling in Pilot fraud case
Regulatory relief for COVID haulers
The Federal Motor Carrier Safety Administration is expanding its emergency hours-of-service waiver to include carriers transporting COVID-19 vaccines.
John Gallagher explains: FMCSA expands HOS waiver to include COVID-19 vaccine transport
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Did you miss this?
As President-elect Joe Biden names his list of agency heads, experts weigh in on what the most important attributes are for the next U.S. Department of Transportation leader.
John Gallagher has the details: Former DOT chief to potential Biden picks: Beware of agency turf wars
Hammer down, everyone,