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Interesting take from Ryan Joyce, founder of GenLogs on what is causing stolen truckloads, highlighted in today’s Freight Caviar newsletter.
@ryanjoycevoice share the post on X for the cool kids…
Interesting detail on Dalilah's Law (H.R. 5688, passed committee): It bans motor carriers from using "foreign dispatch services" but the definition is super narrow and specific.
The law defines a prohibited "foreign dispatch service" as an entity that:
👉Has its main office outside the US, Canada, or Mexico
👉Acts as a direct licensed agent for carriers via a formal written agreement
👉Gets paid based on a set contract
👉Only does limited admin stuff: coordinating freight moves (without taking cargo responsibility or arranging transport) + communicating with brokers/shippers to set up shipments for the carrier
All 4 must apply it's targeted at those specific overseas "dispatch agent" setups often tied to fraud/cargo theft.
Customer service, sales reps, back-office support, tracking, claims handling, etc.? Not covered unless the whole operation fits this exact narrow box. Typical foreign CS or sales teams usually go beyond those limited functions, so they stay allowed.
Carriers can't use these banned services after 1 year (if enacted), must certify no use on FMCSA renewals, and face $50K+ fines per violation if they knowingly do.
intresting way to hit the shady ones without blanket-banning all overseas ops.
📺 Watch @maybedanielleee expose the trucking industry on @TLisFearless
She says: “Secretary Duffy & @FMCSA Chief Derek Barrs… they have done more for the trucking industry than anyone has maybe ever, definitely in decades.”
Making Trucking Great Again 🇺🇸🚛 @TomiLahren
Flatbed outbound tender rejection rates are surging, reaching their highest recorded level. Meanwhile, reefer and dry van outbound tender rejection rates settled slightly lower for the week as February enters its final stretch.
A rise in the volatile flatbed space isn’t uncommon. Looking at four years of seasonal data shows flatbed tender rejection rates have risen beginning in the final week of February through the first week of March.
However, volatility is a cornerstone of the open-deck space. While there have been increases, they more closely resemble a noisy stair-stepping pattern, building through late March into early April as construction activity picks up and weather improves on job sites.
Demand-side strengthening in manufacturing may be one reason for the surge. The most recent ISM Manufacturing PMI hit 52.6 in January, the first expansion in 12 months.
Additionally, U.S. raw steel output is showing higher year-over-year comps, up 5%. The Midwest in particular saw increases in both volumes and spot market rates.
The current surge is notable in its intensity. Both flatbed outbound tender rejection rates and spot rates moved upward in parallel.
The past week saw the SONAR Truckload Rejection Index – Flatbed (STRIF) jump 870 basis points from 33.82% on Feb. 19 to 42.52%. STRIF is 1,770 basis points higher than 24.82% last month and 2,426 basis points higher than 18.26% last year.
Flatbed spot rates have also risen. The SONAR Flatbed Truckload Index (FTI) increased 5 cents per mile all-in from $3.15 to $3.20. FTI is 30 cents per mile, or 10.3%, higher than $2.90 last month and 52 cents per mile, or 19.4%, higher than $2.68 last year.
While the open-deck segment outperformed, dry van and reefer cooled slightly week-over-week.
The SONAR Truckload Rejection Index – Van (STRIV) settled 50 basis points lower from 12.34% to 11.84%. STRIV is 129 basis points higher than 10.55% last month and 724 basis points higher than 4.60% last year.
Reefer rejection rates saw a similar cooling over the past week.
The SONAR Truckload Rejection Index – Reefer (STRIR) lost 6 basis points over the past week. STRIR is 232 basis points higher than 16.64% last month and 1,165 basis points higher than 7.31% last year.
This is historic.
Flatbed rejections continue to surge.
Now at 46.09%, an all time high.
We are still in the slow season. We are two months out before flatbed really ramps.
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