The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the COVID-19 relief bill working through Congress may be the vehicle through which pension reform happens for multiemployer pension plans, including those of Yellow and ABF Freight. Plus, a strong freight market led to a record quarter for XPO, and Uber Freight posts revenue growth in Q4.
Legislative fix?
The COVID-19 relief bill could serve as a vehicle to bail out multiemployer pension funds, including those of Yellow Corp. and ABF Freight.
John Gallagher has the details: Yellow, ABF drivers edge closer to long-term pension protection
Record quarter for XPO
Transport and logistics giant XPO Logistics Inc. (NYSE: XPO) posted the highest quarterly revenue in its 10-year history and laid out the case for a strong 2021.
Mark Solomon digs into the numbers: XPO puts pedal to the metal in fourth quarter
Uber Freight keeps growing
Uber Freight posted year-on-year growth in revenue and earnings before interest, taxes, depreciation and amortization, according to the fourth-quarter earnings released by its parent, Uber Technologies (NYSE: UBER).
John Kingston has more on the division’s performance: Uber Freight’s Q4 numbers up from 2019 and from third quarter
Global Supply Chain Week preview
John Tyson, chief sustainability officer of Tyson Foods (NYSE: TSN), is scheduled to kick off Day Three of Global Supply Chain Week, Feb. 24.
Alyssa Sporrer offers a look at the event: Global Supply Chain Week Day 3 preview: Food and CPG
Stories we think you’ll like:
Has Hyundai unveiled the future of last-mile delivery?
Trimble tops earnings estimates with strong sales in Asia, Europe
Judge slaps wholesale distribution company with $23.7M ‘nuclear verdict’ in crash
Global supply chains choke under tsunami of freight
Ryder’s earnings report says used vehicle market improving
Samsara hits milestone with $300M run rate
Q4 sales helped dealership giant Rush Enterprises limit 2020 declines
Eats, Delivery pushing Uber toward profitability
Did you miss this?
In the midst of earnings season, some data about less-than-truckload carriers’ performance in January is coming through, showing a strong month.
John Kingston looks at the numbers: Latest strong LTL January numbers come from Forward Air, Old Dominion
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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Brokerage Compliance Symposium
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.
F3 Awards Dinner
The 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.
F3: Future of Freight Festival
Industry-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 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