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$755 million in taxpayer funds over the next five years to expand truck parking capacity was offered and quickly withdrawn during negotiations over the next COVID-19 relief bill.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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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,