Flatbed carriers

PS Logistics announced the acquisition of flatbed fleet Yordy Transport on Monday.

PS Logistics’ latest acquisition adds several hundred trucks to its Southeast operations.

Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.

Daseke said Monday that supply constraints and cost inflation will again push flatbed rates to new highs in 2025.

Through a data-driven approach, PGT Trucking proactively corrects unsafe driving behavior before an accident occurs, leading to improvements in driver safety, retention and efficiency.

PGT is uniquely positioned to be a part of the industrywide change, working toward larger sustainable goals while still creating immediate impacts within its own company.

Whether drivers are hauling lumber or this season’s most popular tech gadget, a transportation company must have a thorough and proactive approach to theft prevention to keep customer cargo and company assets safe.

Flatbed trucking company Daseke announced Monday it is repurchasing the nearly 30% stake in the company held by its founder.

Flatbed hauler Daseke said its trucks remain “booked solid” and that it will look to use cost and efficiency initiatives to improve results again in 2023.

Flatbed carrier Daseke said Friday it would repurchase $40 million in stock, following an April request from an activist investor to do so.

Daseke officials expect strong demand from industrial customers like Caterpillar to help the company grow revenue up to 15% by the end of the year. (Photo: Jim Allen/FreightWaves)

Management from flatbed provider Daseke said April was “strong,” a continuation of the better-than-expected performance it recorded in the first quarter.

Daniel Schilling, VP at carrier Fraley & Schilling, talks with FreightWaves’ Joe Antoshak about flatbed driver recruiting at the Enterprise Fleet Summit.

Management from the nation’s largest flatbed operator, Daseke, says the demand backlog extends for “the foreseeable future.”

President of PGT Trucking said the load-matching trend doesn’t adequately respond to today’s supply chain constraints, driver shortage and polluted environment.

PS Logistics has acquired Daryl Thomason Trucking, which has 108 tractors and 167 53-foot flatbed trailers.

Specialized and flatbed carrier Daseke posted better-than-expected third-quarter results Friday. Management said the company is working on a couple of acquisitions.

Hershey said that typically, up to 10% of PGT’s drivers may pivot to dry van for the winter months.

Tri-State Expedited announced it has been acquired by its senior management team.

PGT Trucking attributes industry longevity to relationships, adaptability

Despite the significant drop in price, lumber remains an expensive commodity. Whether the price will continue to fall is uncertain.

Houston-based Patriot Transit is a flatbed carrier serving customers on the Gulf Coast and in the southwestern U.S.

The Texas-based flatbed and specialized carrier raises 2021 full-year guidance for revenue of up to $1.6 billion.

CFO Thom Albrecht doesn’t think the lumber shortage has been “that big of a deal” for flatbed carriers.

The investment was motivated by continued growth in the specialty freight logistics markets.

With the pay boost, the company’s more experienced drivers will bring in 63 cents per mile.

Flatbed truckload provider Daseke reported first-quarter adjusted earnings better than expected. However, with a more than 5x run-up in share price over the past year, a decent quarterly report without a guidance raise sent the stock lower on Friday.

“They have been productive and have risen to the occasion. I really feel like the millennials were the ones that came of age with this pandemic,” said the EVP and COO of Melton Truck Lines during the FreightWaves’ Enterprise Fleet Summit.

Flatbed carrier Daseke announced Wednesday it has reduced debt and refinanced the bulk of its remaining debt. The transaction, which will lower annual interest payments, is the latest in the company’s efforts to improve margins and financial returns.

The Home Depot, a current customer of Loadsmart, was happy to see the brokerage continue its commitment to bring freight optimization to its supply chain.

Only a week removed from the $800 million purchase of UPS Freight, TFI International is back at it. On Monday, the company announced the acquisition of van and flatbed carrier Fleetway Transport.

An interview with flatbed carrier Daseke outlines the company’s operational focus and plan to get back to growth through acquisitions.

Flatbed truckload company Daseke beats earnings per share estimates in the fourth quarter but revenue and operating ratios slide. 2021 guidance provides a bit of a mixed bag.

Interview with Daseke’s leadership team covers recent changes and the return to M&A.

Consumer goods demand, recovery in manufacturing and shortage of drivers combine to create profits that fleets spend to upgrade and expand truck capacity.

Flatbed carrier Daseke announced several moves Tuesday. The company’s CEO has resigned, former founder Don Daseke will be renominated to the board and institutional shareholder Lyons Capital will occupy a board seat.

Daseke receives a “positive” nod from ratings agency as its restructuring initiatives are being noticed.

Flatbed carriers Hornady Transportation and Builder’s Transportation Co. announce the completion of their merger. The deal is part of parent company Daseke’s operational overhaul.

Flatbed carrier Daseke Inc. cruises past third-quarter forecasts. Operations are likely to improve again in 2021 but high-margin third-quarter project freight could create some tough comparisons.

Flatbed carrier Daseke Inc. posted a third-quarter result that highlighted the company’s restructuring efforts and easily surpassed analysts’ expectations.

Amazon denies allegations of trademark infringement.

An interview with Daseke CFO Jason Bates highlights the company’s financial turnaround. When will the carrier get back on the acquisition trail?

Shares of Daseke surge 20% as the company’s overhaul appears to be ahead of schedule. Second quarter results were better than expectations.

Flatbed carrier Daseke’s turnaround starting to show fruits. Stock pops more than 15% on better-than-expected second quarter.

Flatbed carrier Daseke reported five weeks of volume improvement in its second quarter update. The carrier improved its liquidity position through the first two months of the quarter.

Daseke’s ratings were confirmed at recently downgraded levels by Moody’s. The report points to the company’s restructuring as a source for a potential ratings upgrade.

Daseke selects current flatbed head to lead operations amid a multi-year restructuring effort.

Flatbed volume has been building over the past few years. Read why in this article by Kayla Matthews.

Daseke expects weakness in the industrial markets and oil and gas sectors to persist. Management said the environment was sequentially weaker in the first quarter.

Into its second decade of existence, Daseke pumps the brakes on acquisitions and attempts to streamline all that it has bought.

Keeping track of all the outstanding content published on Freighwaves.com each week can prove daunting, and we do not want you to miss a beat. Every FreightWaves article is designed […]

Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.

Trailer orders move up and down but the overall industry is ending a decade of growth that is just beginning to slow.

FreightWaves Market Expert Anthony Smith writes about the issues impacting the U.S. housing market. As important as these issues are, they have a ripple effect on other areas of the U.S. economy, including trucking.

For the second time in less than a week, a trucking carrier has shut its doors with no advanced warning.

The Dry Van Weekly Barometer is predicting stronger contract pricing in coming months.  Even though it has pulled back from extreme highs, it continues to reflect one of the highest levels of demand in excess of capacity in the history of the barometer.

Both Dry Van Weekly Barometer and Reefer Weekly Barometer are predicting stronger contract pricing in coming months.