Chattanooga

Future of Freight Festival will be epicenter of freight world – Day 3

Two weeks from today, “F3: Future of Freight Festival” will begin its third and final day. Located in the heart of Freight Alley and the headquarters city of FreightWaves, Chattanooga will be alive with this unique FreightTech experience.

While FreightWaves has presented major events around the nation, this is the first time it will host an event in Chattanooga. F3 will continue the FreightWaves tradition of bringing together industry leaders to discuss key issues impacting freight markets as...

https://www.freightwaves.com/news/future-of-freight-festival-will-be-epicenter-of-freight-world-day-3

Norfolk Southern helps rescue cavers found in rail tunnel near Chattanooga

A Norfolk Southern spokesman said Saturday he’s unclear whether two cavers will face trespassing charges after they were rescued early Wednesday in a cave located on private property belonging to the railroad near the base of Lookout Mountain in Chattanooga, Tennessee.

Atlanta-based Norfolk Southern (NYSE: NSC) suspended train traffic for 12 hours as its maintenance of way crew aided in the efforts to find Gabriel Vaughn, 21, and Robby Dobos, 23, who were found alive in a remote cave that was...

https://www.freightwaves.com/news/norfolk-southern-helps-rescue-cavers-found-in-rail-tunnel-near-chattanooga

Covenant acquires hazmat hauler, announces $30M stock buyback plan

Covenant Logistics Group announced Thursday it has completed the acquisition of AAT Carriers, which will become part of Covenant’s expedited segment.

Covenant also announced a plan to buy back up to $30 million of its Class A common stock.

“Today’s announcements, along with the recent announcement of our first quarterly dividend, are consistent with our capital allocation strategy and commitment to delivering stockholder value,” David Parker, Covenant’s chairman and CEO, said in a statement....

https://www.freightwaves.com/news/covenant-acquires-hazmat-hauler-announces-stock-buyback

Covenant beats expectations, delivers upbeat forecast

Covenant Logistics Group reported Wednesday after the market close fourth-quarter earnings of $1.07 per share on total revenue of $294.2 million, a 31% increase compared to the same period in 2020.

Covenant beat analysts’ expectations for earnings per share of $1.04 and revenue of $282 million in Q4 2021. It was the second consecutive quarter the company topped estimates for earnings and revenue.

Covenant’s (NASDAQ: CVLG) total freight revenue excluding fuel surcharges increased 27%...

https://www.freightwaves.com/news/covenant-beats-expectations-delivers-upbeat-forecast

ENERGY Transportation Group in top 2% of carriers operating sustainably

Supply chains sustainability trends continue despite the pandemic, according to a report.

Since last Sunday, 39,000 world leaders, diplomats and climate change constituents have flocked to Glasgow, Scotland, for the COP26 climate summit. Amid the logistical hiccups of COVID-19 protocols and restrictions, nations are pledging to reduce emissions, as well as move beyond coal and deforestation. The global financial industry announced the availability of $130 trillion to finance net-zero-emissions projects for both nations and private organizations. 

For many organizations, especially in...

https://www.freightwaves.com/news/energy-transportation-group-in-top-2-of-carriers-operating-sustainably

Dynamo Ventures raises $43M Fund II for FreightTech seed investing

Dynamo Ventures, a supply chain-focused seed stage venture capital fund based in Chattanooga, Tennessee, announced Wednesday that it had successfully raised a $43.21 million Fund II.

That’s more than double the size of Dynamo’s $18 million Fund I, which it raised in 2016 and has now fully deployed into a portfolio of companies. Dynamo said that it will continue to write seed-stage checks, typically between $250,000 and $1.2 million, to FreightTech startups that are looking for product/market fit.

https://www.freightwaves.com/news/dynamo-ventures-raises-43m-fund-ii-for-freighttech-seed-investing

Founders Camp returns to Chattanooga in 2021

In 2018, Smarthop was one of hundreds of startups hoping to carve out a niche in the North American logistics space. The company provides intelligent dispatching services and now offers full-fledged dispatch solutions for over-the-road owner-operators.

The experience the company gained at Founders Camp, powered by Dynamo, proved a crucial rung in Smarthop’s growth trajectory.

“There is no better way to describe Founders Camp other than life changing,” Guillermo Garcia, CEO and co-founder of...

https://www.freightwaves.com/news/founders-camp-returns-to-chattanooga-in-2021

FreightWaves bringing F3: Future of Freight Festival to Chattanooga in November

FreightWaves in-person events quickly became known for their trendsetting experiences since their launch in 2018, but the COVID pandemic forced a change in 2020. While the company switched to virtual events last year, the same on-site experience was missing.

It won’t be later this year. FreightWaves will open the doors to an in-person event with F3: Future of Freight Festival.

FreightWaves will be bringing the F3: Future of Freight Festival to its home city of Chattanooga, Tennessee, on Nov....

https://s29755.pcdn.co/news/freightwaves-bringing-f3-future-of-freight-festival-to-chattanooga-in-november

Trident Transport grows headcount by 25% during COVID-19

Trident Transport, a full-truckload freight brokerage based in Chattanooga, Tennessee, with offices in Tampa, Florida, and Minneapolis, has pushed through pandemic-related disruptions to the transportation industry and continued growing at a rapid clip.

Trident was named to the Inc. 5000 list of the country’s fastest-growing companies for the third year in a row, recording a three-year revenue growth rate of 768.8%. Founded in 2013 by freight industry veterans from Access America and Coyote...

https://www.freightwaves.com/news/trident-transport-grows-headcount-by-25-during-covid-19

FreightWaves Carrier Summit: Driver pay may rise alongside rates (with video)

Carriers looking to attract more drivers may have to get creative with recruitment, as well as consider raising pay or adding bonuses, said Rob Hatchett, president of SeatMyTrucks.

FreightWaves’ JT Engstrom talked with Hatchett Wednesday during the FreightWaves Carrier Summit. The event, with headline sponsor Blume Global, is streaming live Wednesday and Thursday on FreightWavesTV and on freightwaves.com. 

“I think for the month of September, we’re going to see a bunch of driver pay increases or...

https://www.freightwaves.com/news/freightwaves-carrier-summit-driver-pay-may-rise-alongside-rates-with-video

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