The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Landstar is the latest carrier to predict a strong fourth quarter following its third-quarter earnings results. Plus, M&A activity could be hitting the brakes and a truck driver is charged for driving into a crowd of protesters on I-35.
No slowing this carrier
Landstar System Inc. (NASDAQ: LSTR) executives see no slowing of the current market and are predicting a near-record fourth quarter as peak season kicks in.
Todd Maiden has details on the company’s financial position: Landstar eyes record in fourth quarter
Deal breaker
The COVID-19 pandemic has not impacted freight as much as feared, but it is putting a damper on deal-making.
Mark Solomon explains why: COVID-19 travel curtailments major block to robust 3PL M&A in 2021
Forward momentum
Forward Air pre-announces its Q3 earnings, expecting earnings per share of 60 cents, well ahead of analysts’ expectations.
Todd Maiden has details on how big the beat will be: Forward Air pre-announces Q3 expectations well ahead of consensus
Truck driver charged with felony
A truck driver who drove into protesters on I-35 near Minneapolis on May 31 before being dragged out of his cab and beaten has been charged by police.
Clarissa Hawes details the charges the driver faces: Investigators charge trucker who drove through protesters on I-35
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Commentary: Data sharing offers limited customer service
Plus taps AWS as cloud provider as Amazon tightens grip on autonomous vehicles
Landstar beats recently raised guidance
Mullen Group pushes through Q3 with help from feds
Amazon opens two new fulfillment centers in Mexico
Trio pleads guilty to involvement in Louisiana staged accidents
Truckers rank the most dangerous weather conditions
Did you miss this?
Autonomous truck startup Aurora has been testing its Class 8 vehicle in Texas, but even as it has been doing that, it’s also been building out an impressive executive team.
Linda Baker has more on the newest executives: General Motors, Lyft and Cray execs join Aurora
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now