Daseke Group

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

5 defining cyberattacks on trucking and logistics in 2020

A tractor-trailer from Forward Air. The trucking company was targeted in a cyberattack in 2020.

Hackers hit the transportation and logistics industry hard in 2020. Many of the cyberattacks involved ransomware — essentially a vehicle for extortion.

Ransomware attacks aim to cause as much operational disruption as possible by encrypting data. Hackers then demand victims pay to restore access. Increasingly, so-called double extortion ransomware attacks are leveraging data theft and the threat of public release — or sale — of the data.

Ransoms can run in the millions of dollars. The attacks...

https://s29755.pcdn.co/news/5-defining-cyberattacks-on-trucking-and-logistics-in-2020

FreightWaves Haul of Fame: Boyd Brothers Transportation Inc. was a powerhouse carrier for decades

A Boyd Brothers Transportation tractor-trailer. (Photo: Gary Morton Collection)

Boyd Brothers Transportation Inc. was founded by Dempsey Boyd and his two brothers, Cecil and Hilly, in Clayton, Alabama in 1956. The company remained largely family owned for several decades – even after going public.

The initial Boyd Brothers Transportation fleet consisted of only three tractors and flatbed trailers specializing in hauling steel products and building materials. However, by 1989 Boyd Brothers had established a network of regional operations that extended across two-thirds of...

https://www.freightwaves.com/news/freightwaves-haul-of-fame-boyd-brothers-transportation-inc-was-a-powerhouse-carrier-for-decades

Company rewards truck drivers for sacrifices during COVID-19

Roadmaster Group doled out nearly $600,000 over a two-month period to its fleet of company drivers and owner-operators as a way to say thank you for continuing to haul freight amid the coronavirus pandemic.

The decision to launch the COVID Appreciation Pay (CAP) program stemmed from a series of Facebook Live chats with drivers, who were struggling to find personal protective equipment, cleaning supplies and on-the-road food after states ordered nonessential businesses to shut down in an effort...

https://s29755.pcdn.co/news/company-rewards-truck-drivers-for-sacrifices-during-covid-19