Keep pulling the thread on Winter Storm Fern.
Flatbed tender rejection rates in the U.S. trucking market have risen to approximately 45%.
Industry economist Noel Perry estimated that approximately 600,000 truck drivers, representing 16% of the total U.S. driver population, are not U.S. citizens.
The U.S. freight market is on the verge of a sustained tightening cycle, with freight rates expected to increase during the current year.
The U.S. Supreme Court has ruled that tariffs implemented by the Trump administration under the International Emergency Economic Powers Act (IEPA) were illegal.
U.S. Senator Banks has proposed the 'Delilah Law,' which would mandate that only documented U.S. citizens can obtain a Commercial Driver's License (CDL).
The domestic U.S. trucking market is still experiencing lingering effects, such as high tender rejection rates and high spot rates, four weeks after Winter Storm Fern occurred around January 22nd.
The current national truckload tender rejection rate is hovering around 12-13%.
The U.S. manufacturing sector is expected to experience a renaissance in the current year.
A recent U.S. GDP reading was 1.4%, which included an estimated 1% drag from a government shutdown.
The current tightness in the U.S. trucking market is attributed to a combination of increased ELD enforcement, English language proficiency enforcement, crackdowns on fraudulent CDL mills, and a high rate of carrier bankruptcies.
Thomas Wasson asserts that many current trucking industry regulations are a byproduct of lobbying by the American Trucking Associations (ATA) and large carriers to address what they frame as a driver shortage.
A temporary tariff under Section 122, which can only last for 150 days, has been implemented at a rate of 15%.