The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Knight-Swift has upped its earnings outlook for 2021 even as experts are predicting a difficult fourth quarter to forecast. Plus, Kenan Advantage Group could be for sale and autonomous vehicle startup Aurora adds executive firepower.
Setting a standard
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has issued its 2021 guidance more than a quarter ahead of usual. And the expectations are impressive for investors.
Todd Maiden has details on what the company expects next year: Knight-Swift raises outlook for 2020, 2021 well ahead of forecasts
The most unusual time of the year
Where are trucking rates heading? If 2020 has taught us anything, it is that we know nothing, so get ready for a weird and wild Q4.
Charley Dehoney has the signs to look for: Commentary: Think 2020 is weird so far? Buckle up for Q4
Looking for a buyer
The private equity arm of the Canadian pension fund OMERS is considering selling Kenan Advantage Group in a deal that could bring in $2.5 billion or more for the tank truck carrier, according to reports.
Nate Tabak has the details: Sale of Kenan Advantage reportedly eyed by pension fund
GM power
Autonomous truck startup Aurora has been testing its Class 8 vehicle in Texas, but even as it has been doing that, it’s also been building out an impressive executive team.
Linda Baker has more on the newest executives: General Motors, Lyft and Cray execs join Aurora
Stories we think you’ll like:
Forager brings new level of transparency to cross-border shipping
P.A.M. Transportation’s Q3 well ahead of forecasts
Tesla’s secret weapon: Renewable energy credits
Prologis earnings ahead of pre-COVID levels as demand for logistics space grows
Aggressive growth targets for TriumphPay laid out
E2Open, about to go public through a SPAC, gets B rating from S&P Global
Did you miss this?
Four more people have been indicted in the ongoing probe into staged truck accidents. The new indictments bring to 32 the number of individuals charged by Louisiana officials.
John Kingston has details on the latest charges: 4 more indictments in Louisiana staged-accident case; C.R. England targeted in collision
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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