Landstar System inches its fourth-quarter expectations higher but cautions that this trucking cycle may not be different from those in the past.
Truck broker Landstar System handily beats its guidance, which was raised in early September. The company posted its second-best third quarter ever.
Fleets placed 52,000 preliminary orders for new trailers in September, the third-highest month in history as pandemic-driven consumer goods demand continues unabated.
Anthony and Zach discuss the potential impact of Hurricane Laura to the freight market and bring on special guest Chris Bryant, a flatbed owner-operator, for insight on what is happening on the road.
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.
Deal brings PS just over 40 new power units
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.
Jason Bates will fill the vacant CFO role at Daseke after three years in the same role at USA Truck.
All brokers from the acquired company will stay with Fitzmark.
Idle equipment can be placed in service to respond to COVID-19 emergency.
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.
Steel giant working to restore normal operations “as quickly as possible” as trucking companies report disruptions in freight from Canadian facility.
PS Logistics announces that it has completed the acquisition of Southeast Logistics.
Into its second decade of existence, Daseke pumps the brakes on acquisitions and attempts to streamline all that it has bought.
Anthony and Zach, along with special guest Donny Gilbert, take a deeper dive into the freight market trailer pool and discuss the types of freight they haul, their characteristics, and their place in the broader market. Additional topics include another California regulation, coronavirus, and the surprising jump in the PMI.
Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.
Freight All Kinds: Logistics of commercial construction looks at the shipment of commercial building materials and the “carriers” moving them.
President and chief operating officer, Michael Gettle, who assisted in the corporate restructuring is leaving the company.
The housing and construction sectors are showing signs of life, giving truckers a rare hint of optimism for the coming months.
