The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the COVID-19 relief bill working through Congress may be the vehicle through which pension reform happens for multiemployer pension plans, including those of Yellow and ABF Freight. Plus, a strong freight market led to a record quarter for XPO, and Uber Freight posts revenue growth in Q4.
Legislative fix?The COVID-19 relief bill could serve as a vehicle to bail out multiemployer pension funds,...
Legislation aimed at bailing out multiemployer pension funds in danger of failing — including the fund that holds pensions for tens of thousands of Yellow Corp. and ABF Freight drivers and their spouses — could finally make it into law under the latest COVID-19 relief measure.
The Butch Lewis Emergency Pension Plan Relief Act of 2021, legislation that the Ways & Means Committee in the U.S. House of Representatives is considering this week to include in a broader COVID-19 stimulus package, would...
https://www.freightwaves.com/news/yellow-abf-drivers-edge-closer-to-long-term-pension-protection
Logistics provider ArcBest Corp. (NASDAQ: ARCB) announced Monday that Tim Thorne, president of its less-than-truckload carrier, ABF Freight, will retire at the end of June. The division’s current VP of linehaul operations, Seth Runser, will succeed Thorne in the role.
Runser has been promoted to the new role of chief operating officer at ABF Freight effective Feb. 1 and will take the helm of the division on July 1.
Thorne’s 31-year career with ABF started as a supervisor assistant in 1990. He...
https://www.freightwaves.com/news/arcbest-says-ltl-head-tim-thorne-will-retire-in-june
Truck brokers will see a huge upswing in costs if federal regulators make a broker transparency change requested by owner-operators, according to logistics company ArcBest [NASDAQ: ARCB].
Barney Long, deputy general counsel for the Fort Smith, Arkansas-based company, told the Federal Motor Carrier Safety Administration (FMCSA) that the revisions being sought by the Owner-Operator Independent Drivers Association (OOIDA) will increase equipment, software programming and personnel costs to at least...
Vanessa Serrano Cuevas has been appointed Grupo TMM’s chief executive officer.
She previously served as vice president of the company’s energy division. Her professional achievements include founding the food company Dasami as well as the digital platform Zertú.
Headquartered in Mexico City, Grupo TMM is a Mexican maritime transportation management and logistics company.
José F. Serrano Segovia, chairman of the board of directors, said the company was “confident that her leadership abilities...
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, freight volumes are on the rise, FreightWaves and EKA Solutions reach a collaboration deal and Florida man takes a wild ride on a semi.
Are freight volumes still rising?Even as more states roll back their reopenings as COVID-19 continues to wreak havoc across the country, there is some evidence that the strong freight volumes seen in July are here to stay for a while.
Zach Strickland explains:...
On today’s episode, Dooner and The Dude talk about a shocking incident in Florida, where a man is caught on camera clinging to the hood of an ABF truck. They also discuss how LTL freight works, XPO’s digital and diversity initiatives, and this week in news.
They’re joined by special guests Lou Amo, president, Freight Brokerage and Expedite at XPO; Jill Clifford, president at Aborn & Co.; and Jeff Boswell, recruiter at Universal Capacity Solutions at Universal Logistics Holdings, Inc.
Plus, a...
https://www.freightwaves.com/news/florida-man-hangs-on-hood-of-rig-what-the-truck-with-video
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
Truck drivers have always kept our economy moving. About 80% of all cargo in the United States is transported by trucks, and the trucking industry itself is responsible for roughly 6% of all full-time jobs in the country – employing about 3.5 million professional truck drivers. Without truckers, the American economy would grind to a halt.
No event in recent...
https://s29755.pcdn.co/news/commentary-its-time-to-keep-truckers-safer