Daseke, Inc. reports a large loss amid operational restructuring and weaker flatbed demand. The company announces new initiatives as its reorganization continues.
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.
Canadian logistics software company purchases U.S. firm whose TMS suite specializes in flatbed moves in North America and the EU.
Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.
A major accident in 2018 led to a spike in insurance premiums for Carney Trucking, an increase the company just couldn’t absorb.
Daseke lowers its full-year 2019 outlook citing worse than expected results in its flatbed division.
FreightWaves is providing a forum – Market Voices – for a number of market experts. Last week I wrote about why the ongoing decline in lumber shipments and the ongoing decline in housing starts should be a growing concern, and that continued contraction in this industry had several significant waves of secondary and tertiary economic […]
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 […]
Landstar’s President and Chief Executive Officer Jim Gattoni said that he is “comfortable” with the current full-year consensus EPS estimate of $6.41.
Landstar System, Inc. reported first quarter earnings per share (EPS) of $1.58, compared to the consensus estimate of $1.51 and $0.21 higher than the 2018 first quarter.
The facility will be capable of producing approximately 1.2 million tons of steel plate products per year. Nucor expects the plant to be fully operational by 2022.
Manufacturing numbers are not looking as robust after a booming early 2018. The flatbed freight market may be in line for a big correction as well.
BlueGrace Logistics celebrated its 10-year anniversary on February 22. Founded in 2009 with only eight employees, the company currently has 600 employees and is one of the largest third-party logistics (3PL) providers in the United States.
We look at the top freight markets broken down by flatbed, dry van, and reefer van.
Spot flatbed lanes in the oil field are more volatile and priced at a premium to national averages. They’re closely correlated to fracking activity in the Permian Basin, which is why we keep a close eye on oil prices and production.
We talked to freight brokers at LYNC Logistics, Arrive Logistics, and MoLo Solutions about whether recent softness in flatbed demand signaled a return to normal seasonality, and where unexpected opportunities might be hiding.
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.
East coast bound containers from China are getting a pre-holiday discount as shippers increase volume to North America in front of tariff increases.
West Coast ports post strongest volumes ever; Norfolk Southern is moving to Atlanta; flatbed tender rejections stay down; expect electric trucks in 2020; pregnant XPO Logistics warehouse workers suffer miscarriages; E2open buys Inttra; Iraq produces more oil but can’t rebuild.
