The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, FreightWaves’ editorial staff offers up suggestions for new U.S. Department of Transportation Secretary Pete Buttigieg. Plus, a number of companies released strong earnings in the past two days, including Echo Global Logistics and Old Dominion Freight Lines, and looking back at Jeff Bezos’ logistics legacy.
Welcome, Secretary Pete, here are a few ideas to get you started
Pete Buttigieg has taken over as U.S. Department of Transportation secretary, and now FreightWaves’ staff is filling his to-do list.
Read the staff’s suggestions: Hey, Secretary Pete, got a minute?
Easy beat
Echo Global Logistics (NASDAQ: ECHO) easily beat Wall Street estimates for its Q4 performance on a 41.9% revenue increase.
John Paul Hampstead has more on the numbers: Echo Global Logistics beats earnings estimates on strong volumes, rates
Record quarter for Old Dominion
Less-than-truckload carrier Old Dominion Freight Lines (NASDAQ: ODFL) posted a record fourth-quarter operating ratio in the final three months of 2020, with solid increases in revenue and operating income.
John Kingston digs into the numbers: Old Dominion’s OR record for Q4; revenue and income up
Master logistician
Jeff Bezos has created an outsized legacy through his success at Amazon, but the e-tailer’s logistics operation may be his defining moment.
Mark Solomon looks at Bezos’ legacy: Jeff Bezos’ logistics legacy
Stories we think you’ll like:
Volvo Group reports lower 2020 sales but strong profit margins
Cummins beats on sales and earnings thanks to China recovery
newtrul raises $2.25M to become ‘Expedia’ of logistics marketplaces
Logistics property rents step higher amid pandemic — Prologis report
Wabash National refocuses business on cold chain and e-commerce
SmartHop gives small trucking companies seat at table — and above-market rates
Logistics orchestration platform Slync.io scores $60M in funding
WorkStep lands $17 million to facilitate industrial staffing process
Did you miss this?
Daimler AG (OTC: DDAIF) plans to create a separate company for its Daimler Truck business that would focus on zero-emissions vehicles and software that could lead to autonomous trucking.
Alan Adler has the details: Daimler will create stand-alone truck business
Hammer down, everyone,
Brian Straight
Managing Editor
Click for more FreightWaves articles by Brian Straight.
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