The Daily Dash: LTL market, Teamsters ousted

The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight how the boom times don’t negate the headaches among carriers, the impact of SPACs on FreightTech and more.

The High Five

1. On the surface, all is well in trucking as a sustained period of high demand outpaces supply, driving rates ever higher. Both less-than-truckload and truckload carriers have more freight than they can handle. But the boom time environment is causing more than just headaches for many carriers. Todd Maiden with more: Strong LTL market still has some bumps in the road

2. The Teamsters union has been decertified at a California trucking company, an action that was aided by a change in labor rules undertaken by a National Labor Relations Board with a majority of former President Donald Trump supporters as board members. John Kingston with the story: Small LA-area trucking company ousts Teamsters; new rules from Trump’s NLRB aided decertification

3. Two Canadian trucking companies operating in the same Toronto site have shut down as their owner faced a mountain of debt and largely unprofitable businesses, bankruptcy court records show. Orbit Freight ceased operating in February following the shutdown of Delta Carrier. Nate Tabak has the details: 2 Canadian trucking companies close amid financial struggles.