Mientras que el tema de la llamada de ganancias del cuarto trimestre de TFI International fue como el del tercer trimestre -Sus operaciones de carga menos que la carga de camión están luchando años después del Adquisición de Freight UPS – El CEO Alain Bedard también dirigió su atención sobre cómo...
Daseke
TFI acknowledges US LTL ‘disaster’ and difficult Daseke integration in Q4
While the theme of TFI International’s fourth-quarter earnings call was much like that of the third quarter – its U.S. less-than-truckload operations are struggling years after the acquisition of UPS Freight – CEO Alain Bedard also turned his attention to how things are going at another high-profile acquisition: Daseke.
Bedard summed up the overall performance on the call with analysts: “Q4 was a disaster for us,” he said.
But that comment was mostly reflecting on the U.S. LTL operations, the...
Shippers move LTL freight to full truckload
The ongoing freight recession is having a multimodal spillover effect as shippers look for creative ways to save costs. Excess supply of trucking capacity remains the 18-wheeled elephant in the room, to such an extent that we see instances in which LTL is losing share to full truckload due to lower costs. Typically full truckload can compete with rail and intermodal when rates are lower, but recent Q1 earnings commentary...
https://www.freightwaves.com/news/shippers-move-ltl-freight-to-full-truckload
Daseke now part of TFI International as acquisition closes
Flatbed operator Daseke ended its history as an independent trucking company Monday when its acquisition by Canada’s TFI International closed for $1.1 billion.
The acquisition by TFI (NYSE: TFII) was announced Dec. 22. The share price for the acquisition was $8.30, after closing at $4.91 on Dec. 21.
Daseke reported revenue of $1.57 billion in 2023. In 2016, revenue was $651.8 million.
The disappearance of Daseke from the list of publicly traded carriers follows that of such companies as U.S. Xpress
https://www.freightwaves.com/news/daseke-now-part-of-tfi-international-as-acquisition-closes
TFI International seeks to spin off Daseke in 2025
TFI International seeks to spin off flatbed carrier Daseke in 2025(Photo: Jim Allen/FreightWaves)
Canadian transport and logistics provider TFI International announced on its Q4 earnings call plans to spin off Daseke as a separate company sometime in 2025. Daseke has a fleet of around 4,500 tractors and 11,000 flatbed and specialized trailers and is the largest flatbed provider in North America. Describing the strategy that began with TFI acquiring Daseke in December 2023, Colin Campell of...
https://www.freightwaves.com/news/tfi-international-seeks-to-spin-off-daseke-in-2025
TFI buying Daseke for $1.1B, contemplating spinoff of truckload unit
Serial acquirer TFI International announced Friday it will buy flatbed truckload carrier Daseke in a $1.1 billion transaction. TFI also said it’s exploring spinning off its TL unit into a separate publicly traded company.
TFI (NYSE: TFII) will pay $8.30 per share for Daseke (NASDAQ: DSKE), a 69% premium to Thursday’s closing price of $4.91. The price tag values Daseke’s equity at nearly $400 million, with the remainder tied to a $658 million debt load. If completed, the deal would be executed at...
https://www.freightwaves.com/news/tfi-buying-daseke-for-1-1b-contemplating-spinoff-of-truckload-unit
Daseke seeing ‘flight to safety’ as competitors exit
Flatbed truckload carrier Daseke cut its 2023 outlook on Thursday but said it was hopeful rates would improve as the market becomes more balanced next year.
Third-quarter adjusted earnings per share of 12 cents were in line with the consensus estimate but 22 cents lower year over year (y/y). The result excluded 10 cents in items like acquisition and restructuring costs. However, higher interest expense due to rising interest rates and an increase in preferred dividend payments presented a...
https://www.freightwaves.com/news/daseke-seeing-flight-to-safety-as-competitors-exit
Daseke sees weak freight market for rest of 2023
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Daseke Inc. officials said the freight market may have bottomed out in the second quarter, as the...
https://www.freightwaves.com/news/daseke-sees-weak-freight-market-for-rest-of-2023
Flatbed carrier Daseke says no ‘clear visibility’ into recovery, lowers 2023 outlook
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Flatbed truckload carrier Daseke pointed to a lack of a seasonal uplift as the basis for lowering...
Flatbed carrier Daseke sees industry hitting new peak for rates in 2025
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Management from flatbed truckload operator Daseke said it expects to see demand improve by the...