The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Volkswagen’s truck division TRATON has formally agreed to acquire Navistar. Plus, carriers remain firmly in charge when it comes to rates and the first truckload earnings are out and they are not as good as expected.
A marriage made in truck heaven
TRATON has formally agreed to acquire U.S. truck maker Navistar, concluding a nearly yearlong saga that was first rumored years ago.
Alan Adler has the latest: TRATON agrees to buy out Navistar at $44.50 a share
Carriers still firmly in charge of pricing
Shippers have clawed back a little pricing power, but carriers remain firmly in charge as tender rejection rates remain high and spot rates stay elevated.
Andrew Cox dives into the latest DHL Supply Chain Pricing Power Index data: OTRI above 25% for 6 weeks — longest streak ever
J.B. Hunt was among the first transportation companies to report third-quarter earnings, and the results were lower than what many expected.
Todd Maiden has details on what impacted earnings: J.B. Hunt stock sags on 3Q miss, management doubles down on long approach
Heartland’s OR takes a hit
Heartland Express has a history of a strong operating ratio, but despite a strong freight environment, its OR took a hit in the third quarter.
John Kingston has details on the company’s performance: Heartland’s industry-leading OR weakens during third quarter
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Did you miss this?
The Owner-Operator Independent Drivers Association has filed its comments on a proposed broker transparency rule, and the association says cost estimates to comply from brokers are not realistic.
John Kingston covers OOIDA’s comments: OOIDA scoffs at high cost estimates for broker transparency
Hammer down, everyone,