230-Plus Immigrants Arrested in CDL Crackdown, Pamt Reports Q3 Loss, & Manufacturing PMI Beats | The Morning Minute

From FreightWaves Today · 3:27

Show by FreightWaves

In this episode, we kick things off by examining a massive federal immigration enforcement operation that swept through the trucking industry last month. Federal and state law enforcement agencies arrested more than 230 undocumented immigrants during a 72-hour crackdown spanning 15 states, with more than 40 commercial driver's license holders detained as part of Operation Guardian. This coordinated enforcement action signals escalating federal and state scrutiny of commercial drivers' immigration status and CDL eligibility nationwide. Next, we explore the truckload sector where Pamt Corp. is struggling to dig out from under relentless cost pressures. The carrier reported a net loss of $8.1 million in the third quarter and posted a brutal 109.1% operating ratio, marking twelve straight operating losses for the truckload unit. Elevated driver procurement costs and spiking diesel fuel prices continue to outpace pricing improvements despite the company's efforts to align customer rates with inflationary increases. Finally, we cover U.S. manufacturing data that is delivering some genuinely encouraging signals for freight demand. Manufacturing supply executives surveyed in October returned a 55.5 reading for the Institute for Supply Management's Manufacturing PMI, beating analyst expectations by a full percentage point. U.S. manufacturing activity remained in growth mode for a tenth straight month, with production expanding to the highest level in five years and directly supporting the modestly improving demand trends that public LTL carriers reported last week. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

More episodes of FreightWaves Today

More episodes

podsearch is a free, independent podcast search engine. Read about podsearch, the privacy policy or contact us.