Forward Air’s CIO recommends hiring a CIO who has been through a crisis as an important step to prepare for a cyberattack.
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.
Forward Air was on track to beat its Q4 estimates before the December cyberattack.
In today’s edition of The Daily Dash, UPS’ blowout Q4; Mayor Pete gets a new job; and Forward Air is raising prices.
Forward Air is the latest transportation provider to implement general rate increases amid a tight capacity environment. The company’s 6% GRI will apply to all shipments.
In today’s edition of The Daily Dash, an activist investor speaks about what changes Forward Air should make. Plus, FedEx Ground is losing a key executive and why UPS Freight was no longer a strategic fit for UPS.
Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.
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.
A catastrophic ransomware attack like the one that hit Forward Air is not inevitable. But transportation and logistics companies need to take cybersecurity seriously.
In today’s edition of The Daily Dash, an activist investor is pushing Forward Air to create more shareholder value. Plus, retail supply chain trends to watch in 2021 and Deutsche Bank’s Amit Mehrotra shares his truckload stock outlook.
Former executives at Forward Air along with an activist investor have been acquiring shares since October in efforts to make changes to the management team, board and capital allocation strategy, which may include divesting “non-core assets.”
Schmitt says the company had “muscle memory” that enabled a shift to methods that predated the technology shutdown by a ransomware attack
The proliferation of ransomware attacks in the trucking and logistics industry is leaving many firms in the position of deciding which is the lesser of two evils: paying the attackers or paying the price of refusing.
Hackers relentlessly targeted trucking and logistics companies throughout 2020. These five cyberattacks are among the worst incidents.
In today’s edition of The Daily Dash, Republic Services has canceled a 2,500-truck order with embattled hydrogen-electric truck maker Nikola Corp. Plus, Forward Air is on the road to recovery following a ransomware attack and Roehl is the latest carrier to announce a driver pay increase.
The company is not commenting yet on signs the ransomware attack may be over.
In today’s edition of The Daily Dash, cyberattacks on Forward Air and Central Freight Lines are causing supply chain issues. Plus, FedEx and UPS receive kudos for their performance transporting the COVID vaccines.
Kevin Hill and Michael Vincent dive into technological advances and the timeline for deploying AV technology.
Forward Air is the victim of a ransomware attack. Freight is still moving through its network, but it’s become a paper-and-phone process to locate and tender freight and deal with back-office documentation.
Forward Air Corp. says it was targeted by a ransomware attack and warns of a potential deferral or loss in revenue as it recovers.
