Daseke

LTL executives highlight shippers moving spillover LTL freight to full truckload amid market weakness and low rates.

Daseke, known primarily for its flatbed operations, is now part of TFI International.

Canadian transport and logistics provider TFI International plans to spin off Daseke as a separate company sometime in 2025.

TFI International entered an agreement to acquire flatbed carrier Daseke and said it’s exploring a spinoff of its truckload business.

Flatbed carrier Daseke reported an in-line third-quarter result Thursday but reduced its full-year guidance.

Texas-based flatbed carrier Daseke does not expect to see improvement in the freight market the rest of the year.

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.

For a series of convoluted reasons, a ratings agency has changed its outlook on flatbed operator Daseke.

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 announced Friday a transition at the CFO position and that it expects to achieve its previously announced 2022 financial targets.

Flatbed operator Daseke saw its debt rating upgraded by S&P Global Ratings.

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.

Flatbed truck operator Daseke is being told it should buy back its own stock in light of recent declines in its price.

Flatbed operator Daseke has received a mostly positive review from Moody’s, and the company’s management has responded with a bullish outlook for its trucking business.

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

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

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

The long time board member had been interim chief since early this year

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.

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.

In today’s edition of The Daily Dash, TFI International has acquired another carrier. Plus, the CDC says most truck drivers don’t have to wear masks, and flatbed operator Daseke is looking for acquisition targets.

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

In today’s edition of The Daily Dash, global logistics operator DB Schenker eyes the U.S. market. Plus, U.S. Xpress’ CEO sees big things coming for its Variant division, and flatbed operator Daseke reports earnings and issues a mixed outlook for 2021.

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.

In today’s edition of The Daily Dash, congestion and gate restrictions from rail partners hampered J.B. Hunt’s intermodal growth in Q4. Plus, stopping a ransomware attack is not as simple as it sounds, and business-to-business activity is booming.

In today’s edition of The Daily Dash, Heartland Express announces an operating income improvement in its Q4 earnings. Plus, an appeals court says California can’t regulate a truck driver’s meal and rest breaks, and Daseke’s board chairman talks the future of the company.

Kevin Hill and Michael Vincent discuss how imports and retail sales continue to support intense freight activity.

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

In today’s edition of The Daily Dash, the CEO of flatbed operator Daseke has stepped down, plus project44 accuses FourKites of defamation over alleged emails sent to board members, and a key index covering transportation, inventory and warehousing, is suggesting a possible slowdown in the supply chain.

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.

In today’s edition of The Daily Dash, what comes next for Brad Jacobs and XPO? Plus, Transport America positions for the future and U.S. Xpress seeks answers to improving driver efficiency.

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.

As ransomware attacks target the supply chain, victims have to weigh the price of paying against the consequences of not.

In today’s edition of The Daily Dash, peak season could be among the most volatile in years if current data trends continue. Plus, grading the success of the president, and Amazon’s logistics network just keeps growing.

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.

A ransomware gang has posted thousands of files after a cyberattack on Daseke, exposing truck drivers’ personal information.

Flatbed carrier Daseke says it moved to stop a cyberattack as ransomware group claims to have breached subsidiary E.W. Wylie.

In today’s edition of The Daily Dash, FMCSA seeks input on broker transparency, logistics is well represented on the Inc. 5000 list, truck orders returning and Daseke CFO talks the future of the company.

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.

As demand for flatbed capacity sags, Daseke sees strength in some end markets and continues to push forward with a company-wide overhaul.

Excluding several items, Daseke reported a near break-even first quarter. Demand headwinds in most of the markets it serves have ‘plateaued’ in recent weeks.

Jason Bates will fill the vacant CFO role at Daseke after three years in the same role at USA Truck.

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.

Daseke has found a permanent replacement for its retired founder and namesake Don Daseke, naming interim CEO Chris Easter to the position. Plus, Valentine’s Day logistics, truckers in Oregon get political and Chinese truck capacity shrinks.

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

Chris Easter took over as interim CEO of Daseke in September and is now being tasked with leading a transformation of a company known for its acquisitions but whose stock price has struggled in the past year as cost efficiencies have not materialized.

Daseke, Inc. reports a large loss amid operational restructuring and weaker flatbed demand. The company announces new initiatives as its reorganization continues.

The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.

Daseke eliminates the role of president as it increases and accelerates its cost savings initiatives. The company will continue to search for a new CEO and begin looking for a new CFO.

Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.

If you see a truck driver in Texas without his hands on the wheel, the chances are good you’re seeing an autonomous truck from Kodiak Robotics.

Daseke lowers its full-year 2019 outlook citing worse than expected results in its flatbed division.

The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus estimate of a loss of $0.09 per share. Management held a conference call to discuss these results with analysts and the media. On the call, […]

Daseke, Inc. (NASDAQ: DSKE), the largest flatbed, specialized transportation and logistics solutions company in North America, reported first quarter 2019 adjusted net income of $1.8 million in the period, $3.8 million lower year-over-year, or $0.03 per share, compared to the consensus estimate of ($0.09) per share. Revenue increased 32 percent year-over-year to $433 million, up […]

Acquisitions grew Daseke revenues from $30 million in 2009 to $1.6 billion in 2018 and enabled the firms it purchased to address succession planning and operational issues.

By joining BiTA, Daseke will be at the forefront of shaping the development and deployment of blockchain technology in trucking and logistics.

The company’s stock took it on the chin for much of 2018 but the company said it had a strong fourth quarter.

U.S. Xpress CEO Fuller warns that a lot of companies are still working with 30-year-old technology.

The company is not turning its back on acquisitions forever but thinks it needs to digest the heavy slate of companies it has bought since the middle of 2018.

Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.

There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.

The Dow Jones Industrial Average plummeted today, posting its biggest loss since May 29; meanwhile the S&P 500 is on a losing streak that hasn’t been matched in upwards of 2 years.

We visualized the performance metrics of the publicly-traded truckload carriers over the past six quarters, using TCA InGauge’s data.

Seven acquisitions in the past year have nearly doubled Daseke Inc.’s topline revenue; Aveda Transportation in particular is a high-performing division commanding rich per-mile rates.

Daseke purchased the Memphis-based steel and aluminum carrier for $53.8 million, including $3.4 million in Daseke stock. Builders Transportation reported an estimated $72.4 million in revenue and an estimated $9.7 million in Adjusted EBITDA for the trailing 12-month period ended June 2018.

Central Oregon Trucking Company has announced a new pay structure that paves the way for driver salary increases of up to $15,000 per year.

An acquisition strategy of buying and keeping companies separate needs some fixing.

The earnings show a significant shift in salaries vs purchased transportation expenses.

Daseke has purchased Aveda Transportation and Energy Services, one of North America’s largest oil rig movers. This acquisition increases Daseke’s exposure to the oil and gas industries, which have a bullish outlook for 2018 and beyond.

Flatbed hauler Daseke has decided to put some stock in its employees – literally. The publicly held company announced it will set aside 1 million shares of common stock with a current value of $9.9 million for employees. Also, a list of the world’s largest transportation companies and news on a lawsuit involving Swift.