The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, short seller Hindenburg Research continued to lob allegations of wrongdoing at Nikola Corp. Plus, OOIDA said it will renew its push for more funds for truck parking when the next Congress convenes, and TFI International expands its presence in the U.S. logistics market.
Hindenburg continues Nikola attack
Hindenburg Research, the short seller that successfully beat down Nikola’s share price, reloaded Tuesday as the beleaguered electric truck startup refused to engage amid a possible Securities and Exchange Commission inquiry.
Alan Adler has more on the continuing attack: Short seller Hindenburg Research renews attack on Nikola
Lobbying for more parking
The Owner-Operator Independent Drivers Association said it will renew its push for Congress to provide funding for additional truck parking. A bipartisan bill introduced in March has not moved forward; the association remains hopeful legislators will support the effort.
John Gallagher has details on what OOIDA is hoping for: OOIDA will push for more truck parking in next Congress
Cross-border expansion
TFI International (NYSE:TFII) will buy U.S. third-party logistics provider DLS Worldwide from RR Donnelley & Sons (NYSE:RRD) for $225 million in one of the Canadian company’s largest acquisitions in recent years.
Nate Tabak has more: TFI buying US 3PL DLS Worldwide for $225 million
It’s good, but you will have to wait
Radiant Logistics Inc. (NYSE: RLGT), a third-party logistics and multimodal transportation provider, reported record adjusted net income for its fiscal fourth quarter, but it asked the U.S. Securities and Exchange Commission for a delay in filing the results.
Todd Maiden explains why the company needs more time: Radiant Logistics sees record F4Q results, delays filing and earnings call
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CBP to expand one of Texas’ busiest truck ports
Did you miss this?
Zachary Sanchez was slain on Thursday in Smith Valley, Nevada. According to police, the truck driver likely stopped to help Matthew Strain, who had been involved in a single-vehicle accident. Police say Strain killed Sanchez, but they don’t know why.
Clarissa Hawes talks to the driver’s widow: Detective, widow describe trucker’s slaying as ‘senseless act’
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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