Show notes
In this episode, we kick things off in Washington, where lawmakers are aggressively tying executive pay to actual delivery performance at the struggling Postal Service. A bipartisan bill barring USPS executives from receiving bonuses until on-time delivery hits ninety-five percent was approved by the Senate Homeland Security Committee last week. The No Bonuses for Bad Service Act comes as the mail carrier missed its on-time target for all eight delivery categories in fiscal year 2025, lost twenty-five billion dollars over the last three years, and reported a two point five billion dollar loss for the third quarter.Next, we shift over to the truckload sector, where Werner Enterprises is shrugging off recent spot market softness and doubling down on the supply-driven recovery. Speaking at Deutsche Bank's Chicago Industrials Summit Tuesday, Chairman and CEO Derek Leathers told investors the company remains unfazed by the seasonal slowdown in July truckload spot market trends. Leathers estimates that eight hundred fifty to nine hundred CDL schools have been forced to close due to insufficient training standards, powering Werner's turnaround with the company's one-way truckload fleet seeing revenue per truck per week jump twenty-eight percent year over year in the second quarter.Finally, we cover the nationwide crackdown on fraudulent CDL training programs as state regulators in Michigan join the fight. The Michigan Department of State issued a summary suspension to Northern Michigan University Truck Driving School on August fifth following an investigation that uncovered multiple alleged violations. Among the most significant allegations, regulators said the school provided behind-the-wheel instruction to students without first verifying they possessed valid commercial learner's permits and allowed students to sign blank instructional documents that were subsequently completed.Follow the FreightWaves Today PodcastOther FreightWaves ShowsLearn more about your ad choices. Visit megaphone.fm/adchoices
