Daseke

When ransomware attacks hit, companies choose between pay and pain

A laptop showing computer code and the outline of a skull to illustrate a ransomware attack.

Companies in the supply chain targeted in successful ransomware attacks face an unenviable dilemma. They can pay the perpetrators sums ranging from thousands to millions of dollars to regain access to their encrypted data and systems, or refuse — an option advocated by U.S government agencies and many cybersecurity experts — which carries its own cost.

TFI International (NYSE:TFII), one of the largest trucking and logistics providers in North America, apparently refused to pay after a ransomware...

https://s29755.pcdn.co/news/when-ransomware-attacks-hit-companies-choose-between-pay-and-pain

The Daily Dash: Peak season volatility; grading Trump’s performance; and Amazon’s logistics network keeps growing

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, peak season could be among the most volatile in years if current data trends continue. Plus, grading the success of President Donald Trump’s promises as he asks voters to elect him for four more years, and Amazon’s logistics network just keeps growing.

A record-setting year?

Will peak season be smooth sailing for shippers and carriers? Data coming in this week may give an indication of how capacity...

https://s29755.pcdn.co/news/the-daily-dash-peak-season-volatility-grading-trumps-performance-and-amazons-logistics-network-keeps-growing

Daseke turnaround evident in Q3 numbers

Flatbed trailers loaded on Daseke rig

Management from the nation’s largest flatbed carrier, Daseke Inc. (NASDAQ: DSKE), attempted to temper the excitement around the company’s third-quarter earnings outperformance during a conference call on Friday.

The Addison, Texas-based company reported earnings per share (EPS) of 22 cents, which significantly outpaced analysts’ expectations calling for a modest loss in the period. Excluding costs related to the transformation of the business, the carrier reported record adjusted EPS of 31 cents.

https://www.freightwaves.com/news/daseke-turnaround-evident-in-q3-numbers

Daseke crushes Q3 estimates, 2021 outlook tamped down

Daseke affiliate Central Oregon Trucking rig on highwayon highway

Flatbed carrier Daseke Inc. (NASDAQ: DSKE) reported third-quarter earnings per share (EPS) of 22 cents, well ahead of consensus estimates ranging from a loss of 1 to 3 cents. Excluding the costs related to the company’s restructuring and other nonrecurring items, the carrier reported adjusted EPS of 31 cents, a new record.

“While we continue to face demand headwinds that have negatively impacted the company’s freight volumes and revenues, the significant work we have undertaken to improve our...

https://www.freightwaves.com/news/daseke-crushes-q3-estimates-2021-outlook-tamped-down

Truckers’ personal information exposed after Daseke ransomware attack

A truck from Daseke trucking company E.W. Wylie. Company files were posted to the dark web after a ransomware attack.

A ransomware gang has posted thousands of internal files after a cyberattack on U.S. trucking company Daseke Inc. (NYSE: DSKE), exposing the personal information of drivers, among other potentially sensitive data.

The files, uploaded by the Conti ransomware gang to the dark web, appear to have been stolen from Daseke carrier E.W. Wylie. They include numerous trip reports from truck drivers, and some contain significant amounts of personal information.

The data leak came less than a week after...

https://s29755.pcdn.co/news/truckers-personal-information-exposed-after-daseke-ransomware-attack

Daseke targeted in cyberattack

A tractor-trailer E.W. Wylie, a subsidiary Daseke, which was targeted in a cyberattack. A ransomware group claimed responsibility.

Daseke Inc. (NASDAQ: DSKE), the largest flatbed trucking company in the U.S., said on Friday that a recent cyberattack had targeted one of its operating companies after a ransomware group claimed it had stolen data from subsidiary E.W. Wylie.

Daseke offered few details about the incident but said in a statement to FreightWaves, “an unauthorized third party attempted to gain access to select servers” but did not impact operations.   

“Upon discovering the potential incident, we took immediate...

https://s29755.pcdn.co/news/daseke-targeted-in-cyberattack

The Daily Dash: Broker transparency, truck orders and the Inc. 5000

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the Federal Motor Carrier Safety Administration is seeking input on a potential broker transparency regulation. Plus, the Inc. 5000 is out and logistics and transportation is well represented, Daseke sees a bright future, and Daimler Trucks North America reaches pre-pandemic manufacturing levels.

Tell us what you really think

After months of complaints, the Federal Motor Carrier Safety Administration...

https://www.freightwaves.com/news/the-daily-dash-broker-transparency-truck-orders-and-the-inc-5000

Improved execution to ‘open doors’ for Daseke; acquisitions on horizon

Daseke affiliate truck carrying tires on highway

The nation’s largest flatbed carrier, Daseke Inc. (NASDAQ: DSKE), could see more “doors open” if it continues to succeed on its turnaround plan. An improving capital structure could lead to the resumption of acquisitions, providing the catalyst for the carrier’s next phase of growth. Of course, all of this hinges on its ability to continue to execute, according to CFO Jason Bates.

In an interview with FreightWaves, Bates said he believes a couple more quarters of improved execution will provide...

https://s29755.pcdn.co/news/improved-execution-to-open-doors-for-daseke-acquisitions-on-horizon

Daseke shares up 20%; restructuring progress seen in Q2 report

Builder's Transportation, a Daseke company, flatbed rig on the highway

On its second-quarter earnings call with analysts on Thursday, August 6, management from the nation’s largest flatbed carrier Daseke Inc. (NASDAQ: DSKE) said the business is holding up well even as revenue has been challenged by the pandemic.

Volumes troughed in April, modestly improving sequentially in May and again in June. Management said July has provided more of a “a sideways movement” as demand began to plateau at the end of June. More specifically, management said flatbed capacity demand...

https://www.freightwaves.com/news/daseke-shares-up-20-restructuring-progress-seen-in-q2-report

Daseke restructuring shows in Q2 result

Daseke flatbed rig on highway

Daseke Inc. (NASDAQ: DSKE), the nation’s largest flatbed carrier, reported second-quarter adjusted net income of $0.10 per share, significantly better than the consensus estimate calling for a $0.09 loss. The result excludes costs associated with the restructuring and transformation of the business, which is expected to improve operating income by $45 million annually.

In its August 6 earnings release, the carrier noted conditions improved throughout the quarter. “On a consolidated basis, our...

https://s29755.pcdn.co/news/daseke-restructuring-shows-in-q2-result

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