The Daily Dash is a quick snapshot of what’s going on in the freight ecosystem. In today’s edition, members of Congress have questions about a government loan that has been made to YRC Worldwide. Additionally, freight tonnage continues to rise in the LTL segment and prosecutors have asked an appeals panel to overturn a ruling that overturned the conviction of former Pilot CEO Mark Hazelwood .
Control of Congress
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 of what concerns the committee: Mnuchin to Testify at Hearing Regarding $ 700 Million YRC and Treasury Loans
Freight volumes keep growing
SAIA Partial Load Carrier (NASDAQ: SAIA) on Wednesday announced shipping measures for the first two months of the fourth quarter, which included a tonnage increase of more than 7% in November.
Todd Maiden details what else the company said: Saia sees tonnage trends improving in Q4
Error of judgment?
Federal prosecutors are asking an appeals court to reconsider its recent ruling that overturned the convictions of former Pilot Flying J chairman Mark Hazelwood and two members of his sales team for their alleged roles in an elaborate agenda in fuel rebate of $ 56.5 million.
Clarissa Hawes explains why prosecutors want a recovery: Federal government urges appeals court to reconsider ruling in pilot fraud case
Regulatory Relief for COVID Carriers
The Federal Motor Carrier Safety Administration is extending its exemption from emergency duty hours to include carriers carrying COVID-19 vaccines.
John Gallagher explains: FMCSA extends HOS waiver to include transport of COVID-19 vaccine
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Did you miss it?
As President-elect Joe Biden names his list of agency heads, experts are looking at the most important attributes for the next head of the U.S. Department of Transportation.
John Gallagher has the details: Former DOT chief to Biden’s potential choices: beware of turf wars between agencies
Shoot down, everyone,