The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, one of the activist investors pushing for changes at Forward Air talks with FreightWaves on what potential he sees for the company. Plus, a key executive is retiring from FedEx Ground and UPS’ divestiture of UPS Freight was a long time in the making.
Forward progress?
Former Forward Air (NASDAQ: FWRD) CFO Andy Clark sat down with FreightWaves to discuss his role as one of several activist investors seeking changes at the company.
Read what Clark told FreightWaves’ Todd Maiden: Former CFO sees ‘better path’ for Forward Air
Key departure
FedEx Corp. (NYSE: FDX) said Tuesday that Henry J. Maier, president and CEO of its FedEx Ground parcel-delivery division, will retire on July 31.
Mark Solomon has more on Maier’s retirement and information on his successor: Maier to retire as head of FedEx’s ground parcel unit
Time for a divorce
The sale of UPS Freight by UPS Inc. (NYSE:UPS) ends a 15-year odyssey that never quite worked out the way the package delivery giant planned.
Mark Solomon looks back at UPS Freight: UPS closes curtain on tough 15-year-old LTL run
Still improving
Covenant Logistics’ (NASDAQ: CVLG) continued overhaul showed signs of gains as the truckload carrier posted a slight sequential gain in net income from the third quarter of this year while its operating ratio weakened slightly.
John Kingston has the key metrics: Covenant sees big gains from last year plus improvement over Q3
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Did you miss this?
Sales and marketing professionals will have their day — this Thursday in fact — to bask in the spotlight and be celebrated for the critical roles they play in helping drive visibility and profitability for their organizations.
Brian Straight looks at the speaker lineup: FreightWaves’ Sales & Marketing Summit set to spotlight industry leaders
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now