🎣 FMCSA to Fight Fraud
Plus: The US Chamber of Commerce challenges the FTC ruling on banning non-competes, Covenant Logistics’ profits plummet, and Tesla postpones Semi production until late 2025.
Apr 26, 2024
April 26 2024
8:00 AM
6 min read
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TGIF. Today we take a look at the FMCSA’s announcement that they are forming a team to fight registration fraud. After years of hearing industry cries, they have decided to do something about it. We’re all curious to see how this pans out.
🤔 Question of the Day: Covenant Logistics saw net profit plummet by __% due to low freight rates. Find the answer below.
Correction: Our April 19 newsletter inaccurately stated that Redwood Logistics’ revenue dropped to $640 million, as reported by Transport Topics. The cited figures reflect brokerage revenue only, unlike the 2023 data which represented overall revenue.
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