The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, UBS has initiated coverage on several less-than-truckload carriers, and it is seeing favorable conditions moving forward for the sector. Plus, U.S. Xpress executives see the fundamentals for a strong freight market staying in place well into 2021, and a new SPAC is targeting transportation and logistics companies in America’s heartland.
LTL’s sunny forecast
The less-than-truckload carriers got another bull in their camp on Tuesday when UBS (NYSE: UBS) freight transportation analyst Tom Wadewitz initiated coverage on the sector with a favorable outlook.
Todd Maiden offers details: Interest in LTL industry gains momentum
More of the same?
U.S. Xpress’ (NYSE: USX) 2021 economic outlook, released Wednesday, sees many of the same fundamentals that were in place during the second half of 2020 sticking around through at least the third quarter.
Todd Maiden has more on the outlook: U.S. Xpress sees current fundamentals lasting well into 2021
Location, location, location
A new special purpose acquisition company (SPAC) is on the hunt for a transportation and logistics company, and it has a specific area in mind: the nation’s heartland.
John Kingston highlights the SPAC: New SPAC looks to invest in transportation, logistics providers in ‘heartland’
Commodity costs are suddenly on the rise
The retail price of diesel has risen 11 weeks in a row, but it’s not the only commodity on the rise. Broad-based commodity price increases are occurring across the globe.
John Kingston explains what this means for trucking: Great commodity price surge not just about oil — and may be impacting trucking
Stories we think you’ll like:
Nissan investing $27M in Mexico plant
Red Arts Capital acquires Canadian 3PL Radius Logistics
Weather wordsmithing for truckers
Blasgen to retire as CSCMP president, CEO
Transportation consultant Joshi named FMCSA deputy administrator
FreightWaves Haul of Fame: Cole’s Express was Maine’s finest
Did you miss this?
Congestion and gate restrictions from rail partners hampered J.B. Hunt Transport Services’ (NASDAQ: JBHT) Q4 intermodal growth. The company said it would review long-term margin expectations throughout all of the company’s divisions in 2021.
Todd Maiden has more insights from the call: J.B. Hunt warns intermodal margin target may be reduced
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
You may also like:
The FreightWaves Top 10: Bankruptcies, capacity concerns, protests and Trevor Milton’s departure