The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, an activist investor is seeking changes to the board makeup at Forward Air. Plus, less-than-truckload carriers are reporting a strong start to 2021, and more manufacturers are looking at reshoring their source materials.
Activist intervention
In an open letter to shareholders on Wednesday, activist investor Ancora Advisors said it is looking for changes to the Forward Air (NASDAQ: FWRD) board.
Todd Maiden has the letter’s details: Activist investors seek 4 seats on Forward Air board
Strong start to 2021 for LTL
In the midst of earnings season, some data about less-than-truckload carriers’ performance in January is coming through, showing a strong month.
John Kingston looks at the numbers: Latest strong LTL January numbers come from Forward Air, Old Dominion
Is reshoring the new trend?
Nearly one-quarter of CFOs surveyed said they expect their companies to change source locations for materials within their supply chain, with many of them looking at reshoring in the U.S.
Noi Mahoney has more: BDO: 22% of companies plan to reshore to US
Navigating the health and pharma supply chain
On Wednesday, FreightWaves presented the Health & Pharma Supply Chain Summit. Summaries and videos to all the sessions are available, including keynote addresses.
FreightWaves staff coverage: Health & Pharma Supply Chain Summit
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Chinese investors join $200M funding round for autonomous startup Plus
Radiant Logistics benefits from COVID-related freight
Hyzon Motors to get $570M from SPAC backing fuel cell technology
Union Square Ventures and RyderVentures back SmartHop’s $12M funding round
Winging it can save money and emissions
FedEx commits $5 million to four historically Black colleges
Did you miss this?
The U.S. Postal Service has been on the hot seat for years now with continued operational losses. That could be ending if a major restructuring takes hold.
Mark Solomon explains: Postal Service sets major operational restructuring
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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