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Adult Survivors Act passes Senate as session languishes — Covid cases drop sharply — De Blasio pans would-be successors
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The Daily Dash is a quick look at what s happening in the freight ecosystem. In today s edition, we highlight the end of an injunction in California that had kept an independent contractor law from applying to trucking, as well as a funding round for Arrive Logistics and more.
The High Five
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An injunction that stopped the California trucking industry from coming under AB5, the state s law governing the use of independent contractors, has been overturned.
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Austin, Texas-based freight brokerage Arrive Logistics announced that ATL Partners, a New York City-based private equity firm focused on aerospace, transportation and logistics, led a funding round of more than $300 million to become Arrive s largest minority owner.
Port congestion and Suez fallout — Point of Sale
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Could the Panama Canal be the next Suez? Midday Market Update
Differences between canal systems
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On this episode of Midday Market Update, Kaylee Nix and Michael Vincent dive into the deep possibilities of disruption in the maritime shipping world.
Market Expert Zach Strickland delivers news of falling outbound tender rejections and indications of loosening freight capacity moving into produce season. FreightWaves’ lead economist, Anthony Smith, talks initial jobless claims surging and the indications of looming inflation.
FreightWaves’ Washington correspondent, John Gallagher, joins the show to give a more detailed update on President Joe Biden’s infrastructure plan. He says the plan is heavily job-focused and calls it “the biggest infrastructure package since the New Deal.”