On episode 679 of WHAT THE TRUCK?!?, Dooner is joined by FreightWaves’ Thomas Wasson to break down the latest data in SONAR and answer the question, did the spot market see its shadow? Plus, the freight brokerage burn-off and do felons make great freight brokers? CNBC’s Lori Ann LaRocco has just released her new book,…
XPO was “firing on all cylinders” during the fourth quarter. The better-than-expected report sent shares sharply higher on Wednesday. The less-than-truckload carrier reported fourth-quarter adjusted earnings per share of 77 cents, which was 15 cents better than the consensus estimate but 21 cents lower year over year (y/y). The adjusted number excluded transaction, litigation and…
Forward Air CEO Thomas Schmitt, who engineered the acquisition with Omni Logistics that has sliced a massive amount of shareholder value, tried to get out of it and then ultimately closed the deal, is out at the LTL carrier. The move, announced early Wednesday, came a day after two major ratings agencies weighed in on…
Less-than-truckload carrier XPO reported an earnings beat ahead of the market open on Wednesday. XPO (NYSE: XPO) reported fourth-quarter adjusted earnings per share of 77 cents, 15 cents better than the consensus estimate but 21 cents lower year over year (y/y). The adjusted number excludes transaction, litigation and restructuring costs. Revenue in the LTL segment…
Toll management solutions provider Bestpass is working with telematics creator Geotab to help commercial fleets better manage and monitor tolls to reduce expenses. Bestpass allows for commercial vehicles to automatically pay tolls, and manage tolls for drivers. It covers all major toll roads in the U.S. Geotab provides vehicle data and GPS location information that…