Trucking

A drop between December and January is normal, and the strong market did not reverse that.

Welcome to FreightWaves Truck Talk, your Friday look at industry news with context, perspective and a bit of commentary. You can get Truck Talk delivered via email by subscribing at https://www.freightwaves.com/truck-talk.

When a single point of contact handles all of a company’s freight needs, customers are rewarded with lower costs, less confusion and more transparent shipments.

The number of jobs in the warehousing and storage sector also fell from December to January.

In today’s edition of The Daily Dash, offering up a to-do list for new Transportation Secretary Pete Buttigieg. Plus, recapping the latest earnings and how Bezos changed logistics.

Titanium Transportation Group becomes one of the largest trucking companies in Canada after acquiring International Truckload Services.

Retailers will want to pull forward inventory ahead of the 2021 peak season, the intermodal marketing company said. Fourth-quarter 2020 revenue grew by 6% although net profit slipped by 20% year-over-year.

A Wall Street research firm calls the performance “remarkable.”

OOIDA testifies on vaccine and truck parking concerns before the House transportation committee.

The trucking and logistics company gained from strong demand and tight supply.

Universal Logistics’ operating revenues from truckload services in the fourth quarter decreased $8.7 million to $49.8 million.

Yellow Corp. is back. The holding company formerly known as YRC Worldwide has gone back to its roots. However, fourth-quarter results missed analysts’ expectations at a net loss of 37 cents per share.

Peterbilt took five years and the input of 59 customers to complete a thorough redesign of its Class 8 flagship Model 579 that improves fuel economy by 7%.

Reliance Partners’ Jordan Chastain suggests spending more time with a motor carrier before jumping into the world of independent driving.

The startup will use proceeds to more than double its staff as it prepares for growth in the industrial warehousing sector.

Also on this week’s podcast: Diesel gains back almost all of the pandemic losses

SmartHop is more than just a freight dispatch; its “business-in-a-box” tools distinguish it as a comprehensive solution for over-the-road-trucking.

One notable number in the company’s earnings is that even with growth in all areas, compensation costs were held in check.

Engine and power systems maker Cummins Inc. destroyed analyst estimates for Q4 as the loosening of COVID-19’s grip in China pushed record sales.

In today’s edition of The Daily Dash, Schneider plans to invest in new equipment in 2021. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight; Jeff Bezos will step down as CEO of Amazon; and Daimler spins off its truck businesses.