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The Daily Dash: Pension bailout possible for Yellow, ABF drivers; record Q4 for XPO

Uber Freight posts year-over-year revenue growth

The COVID-19 relief bill could serve as a vehicle to bail out multiemployer pension funds, including those of Yellow Corp. and ABF Freight. (Photo: Jim Allen/FreightWaves)

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the COVID-19 relief bill working through Congress may be the vehicle through which pension reform happens for multiemployer pension plans, including those of Yellow and ABF Freight. Plus, a strong freight market led to a record quarter for XPO, and Uber Freight posts revenue growth in Q4.

Legislative fix?

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

Record quarter for XPO

Transport and logistics giant XPO Logistics Inc. (NYSE: XPO) posted the highest quarterly revenue in its 10-year history and laid out the case for a strong 2021.

Mark Solomon digs into the numbers: XPO puts pedal to the metal in fourth quarter

Uber Freight keeps growing

Uber Freight posted year-on-year growth in revenue and earnings before interest, taxes, depreciation and amortization, according to the fourth-quarter earnings released by its parent, Uber Technologies (NYSE: UBER).

John Kingston has more on the division’s performance: Uber Freight’s Q4 numbers up from 2019 and from third quarter

Global Supply Chain Week preview

John Tyson, chief sustainability officer of Tyson Foods (NYSE: TSN), is scheduled to kick off Day Three of Global Supply Chain Week, Feb. 24.

Alyssa Sporrer offers a look at the event: Global Supply Chain Week Day 3 preview: Food and CPG

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Ryder’s earnings report says used vehicle market improving

Samsara hits milestone with $300M run rate

Q4 sales helped dealership giant Rush Enterprises limit 2020 declines

Eats, Delivery pushing Uber toward profitability

Did you miss this?

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

Hammer down, everyone,

Brian Straight

Managing Editor

Click for more FreightWaves articles by Brian Straight.

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Brian Straight

Brian Straight leads FreightWaves' Modern Shipper brand as Managing Editor. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and Brian lives in Connecticut with his wife and two kids and spends his time coaching his son’s baseball team, golfing with his daughter, and pursuing his never-ending quest to become a professional bowler. You can reach him at [email protected]