Freight News:
Convoy sold; theft of 2 million dimes; escalating truck insurance – WTT
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to the newly married Rachel Premack. She’s talking about the final days of Convoy, how it was able to raise money so fast, if it found a buyer and if it’s the first big domino to fall for digital freight brokerages.
Carriers all over are complaining about the rapidly escalating cost of insurance. Reliance Partners’ Andrew Haun talks about what’s driving the cost increases, how to mitigate your exposure and when to switch providers.
FreightWaves’ Alan Adler has the story on Nikola clawing back $165 million from founder Trevor Milton. We’ll also get into why Proterra failed and if Hyliion has a future.
FreightWaves’ Justin Martin brings a trucker’s perspective on a dime heist as well as a vodka and Red Bull train heist in Tennessee, RVs parking in truck spots, a Cruise shutdown in California and more.
Plus, the massive amount of brokerages opened during the pandemic are starting to fall off, trucking’s sea of capacity and disturbing safety training videos
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Source: freightwaves - Convoy sold; theft of 2 million dimes; escalating truck insurance – WTT
Editor: Timothy Dooner