The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, C.R. England, one of the carriers targeted in a staged-accident scheme, is suing the law firm involved. Plus, XPO thinks 2021 is only going to get better, and Forward Air makes an acquisition and a divestiture.
C.R. England fighting back
Truckload carrier C.R. England, the company that court records suggest paid out the greatest amount of money in the Louisiana staged-accident scandal, is fighting back with a lawsuit in federal court.
John Kingston has details on the case: C.R. England slaps attorneys for staged-accident participants in Louisiana with RICO suit
Even better days ahead?
XPO (NYSE: XPO) executives were very upbeat and bullish for 2021 during their earnings call with analysts, previewing a near-term future that may be better than the present.
Mark Solomon has more on the call: XPO executives see the future — and it’s bullish
Forward Air makes changes
Forward Air’s (NASDAQ: FWRD) earnings, already projected to fall short of projections due to the late December cyberattack it suffered, were released with two pieces of news: an acquisition and a divestiture.
John Kingston has information on the deals: Forward Air announces acquisition, unit divestiture with Q4 earnings
Truck parking bill sidelined
A measure that would have provided $755 million in taxpayer funds over the next five years to expand truck parking capacity was offered and quickly withdrawn during negotiations over the next COVID-19 relief bill.
John Gallagher explains what’s next: ‘Missed opportunity’ to fund truck parking in COVID relief package
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GM bets on BrightDrop’s connected last-mile delivery ecosystem
Can retailer prudence derail the inventory restocking thesis?
S.F. Express merger with Kerry Logistics creates logistics powerhouse
Titanium Transportation opens Chicago freight brokerage
Did you miss this?
The COVID-19 relief bill could serve as a vehicle to bail out multiemployer pension funds, including those of Yellow Corp. and ABF Freight.
John Gallagher has the details: Yellow, ABF drivers edge closer to long-term pension protection
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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