Today’s Pickup: Canada still hasn’t ratified USMCA — but don’t worry

Did you know?

The price of crude oil could eventually hit $80 to $100 in the event of a U.S. ban on fracking, according to a new report by energy analyst Michael Lynch.

Quotable:

“To get two juggernauts to share tracks and break bread together and to route through the States while negotiating the protests. It’s badass.”

— Corey Darbyson, director of intermodal carrier Transport DSquare, on the reported deal brokered by the Canadian government for Canadian National to use rival Canadian Pacific’s tracks to bypass protest blockades.

In other news:

Dray Alliance raises $10.2 million in Series A

Drayage startup Dray Alliance said it raised $10.2 million in Series A funding. (DC Velocity)

PS Logistics acquires assets from Southeast Logistics

PS Logistics, backed by One Equity, has acquired assets from Southeast Logistics. (PE Hub)

Coronavirus supply-chain impact rattles European firms

European companies, including auto parts suppliers, warn of supply-chain impacts from the coronavirus outbreak. (Financial Times)

Trucker gets 10 years for cross-border cocaine haul

A long-haul trucker received a 10-year prison sentence for attempting to smuggle more than 60 pounds of cocaine from the United States into Canada. (Windsor Star)

Truck driver’s daughter vanishes from Flying J

A trucker is pleading for help from the trucking community to help locate his missing daughter, who mysteriously vanished from a Flying J in Georgia more than a month ago. (CDL Life) 

Final thoughts: 

The Canadian Trucking Alliance, representing carriers across Canada, impressed upon lawmakers in Ottawa the need to get USMCA ratified.

Lak Shoan, the CTA’s policy director, told members of a trade committee that ratification “is of critical importance to our sector,” noting that trucks move nearly 70% of trade between Canada and the U.S.

Hammer down, everyone!