The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong Q3 earnings and more charges in the Louisiana investigation into staged truck accidents.
What to do when you have money to spend
SPACs have become all the rage, and they seem to be popping up everywhere these days. Qell is the latest, and with $380 million in hand, the shell company is on the hunt.
Alan Adler talks to Qell’s executive leadership about their plans: Birth of a SPAC: Ex-GM executive hunting next-gen mobility target
It’s good to own real estate
Real estate investment remains robust, according to Prologis. The firm announced its third-quarter earnings Tuesday, beating estimates.
Todd Maiden details Prologis’ outlook: Logistics REIT Prologis sees modest beat and raise in Q3
Charges keep coming
Four more people have been indicted in the ongoing probe into staged truck accidents. The new indictments bring to 32 the number of individuals charged by Louisiana officials.
John Kingston has details on the latest charges: 4 more indictments in Louisiana staged-accident case; C.R. England targeted in collision
B2B boot camp
Alibaba.com, the global e-commerce giant, is launching an educational program for U.S. small businesses that want to take advantage of the global business-to-business e-commerce market.
Mark Solomon explains how to get involved: Alibaba.com launches educational program for US B2B e-commerce manufacturers
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Did you miss this?
Tender rejections remain near all-time highs and fleets are ordering equipment again. But unlike 2018, this equipment splurge may not create an overcapacity issue.
Zach Strickland explains: Carriers purchasing trailers over tractors during booming freight market
Hammer down, everyone,