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.
