In the latest episode of "The FreightCaviar Podcast", we sit down with Grace Maher and Jonathan McCormack of OTR Solutions. They shared their take on the current freight market, freight fraud, and talked about OTR's new platform for carriers.
AI agents are loud. Levity’s automation gets things done. Learn why freight ops need workflows, not hype.
Plus, Landstar delays Q1 earnings report due to massive fraud hit, witness tied to truck crash scheme murdered, UPS to cut 20K jobs amid Amazon pullback, and more.
TFI International acquires Dahlsten Truck Line, expanding its Midwest operations with a seasoned carrier's fleet and load capacity.
TFI International has expanded its Specialized Truckload segment by acquiring Dahlsten Truck Line, a Nebraska-based regional carrier with operations in the Midwest. Dahlsten, in operation since 1946, boasts a fleet of around 75 trucks and a significant load capacity of over 27,000 loads annually. This move comes in a year that TFI International, a Canadian logistics giant, considers slow for mergers and acquisitions, having spent approximately $100 million in this area. Despite this year's challenging freight market, TFI is gearing up for potentially larger acquisitions in 2024, with a 65-75% chance of executing a significant deal, as hinted by their CEO Alain Bédard.
Source: Trucking Dive
One more share from this morning's WSJ logistics email newsletter - TFI acquires Nebraska-based truckload carrier https://t.co/kSsya9WGFy via @TruckingDive
— Cathy Roberson (@cmroberson06) December 1, 2023
Big deal, you may say? it's TFI's 12th acquisition this year. 😮
Source: Cathy Roberson
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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