DEUTSCHE BANK

The Daily Dash: DOT unveils autonomous plan; LTL volumes still strong

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the U.S. Department of Transportation has laid out its strategic plan for safely deploying autonomous trucks and passenger vehicles. Plus, less-than-truckload volumes stayed strong in December and XPO has identified who will lead its logistics spinoff.

DOT lays out an autonomous plan

The U.S. Department of Transportation has released a long-awaited strategy for deploying autonomous vehicles on...

https://www.freightwaves.com/news/he-daily-dash-dot-unveils-autonomous-plan-ltl-volumes-still-strong

December LTL volumes ‘remain healthy’

December LTL demand keeps pace

Less-than-truckload volumes appeared to remain elevated during December, according to Amit Mehrotra, managing director and head of transportation and shipping research at Deutsche Bank (NYSE: DB).

The December data indicates the sequential monthly trends were in line with “typical seasonality,” however off of a higher base. The firm’s Sunday report to clients showed activity at Old Dominion Freight Line (NASDAQ: ODFL) terminals was down 10.1% from November to December, in line with the carrier’s...

https://www.freightwaves.com/news/december-ltl-volumes-remain-healthy

The Daily Dash: Daseke shakeup; freight-tech legal battle looms

Daseke CEO resigns

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the CEO of flatbed operator Daseke has resigned and new board members have been named. Plus, a legal dispute between technology providers project44 and FourKites is heading to court and supply chain growth remains positive, but for the first time in four months, it has trended downward.

Daseke shakeup

The CEO of flatbed truckload operator Daseke has resigned amid a shakeup that includes new board...

https://s29755.pcdn.co/news/the-daily-dash-daseke-shakeup-freight-tech-legal-battle-looms

A bullish outlook for 2021? — Great Quarter, Guys

Great Quarter Guys 11/17

What the new year could bring to the market

Great Quarter, Guys is sponsored by CarrierDirect

The first “You Care or Nah?” of 2021 brings some big debates to the GQG set.

Norway has goals to be completely carbon neutral in the near future, and electric vehicle sales are expected to climb over 60% in 2021, something both Andrew Cox and Seth Holm care about despite the small market for cars in Norway. 

Taiwan-based Foxconn has struck a deal with Chinese company Byton to produce an electric vehicle,...

https://s29755.pcdn.co/news/a-bullish-outlook-for-2021-great-quarter-guys

The Daily Dash: Activist investor seeks more value from Forward Air

forward air truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, an activist investor is pushing Forward Air to create more shareholder value. Plus, looking at the major trends expected to impact the retail supply chain in 2021, and Deutsche Bank’s Amit Mehrotra shares his truckload stock outlook.

Pushing for more shareholder value

As Forward Air (NASDAQ: FWRD) retooled its corporate strategy in 2020, its share price lagged comparable less-than-truckload carriers...

https://www.freightwaves.com/news/the-daily-dash-activist-investor-seeks-more-value-from-forward-air

Q&A: Deutsche Bank’s Mehrotra still bullish on trucking in 2021

Q&A with Deutsche Bank's Amit Mehrotra

Several analysts believe the current trucking boom has legs to run further. Amit Mehrotra, Deutsche Bank’s (NYSE: DB) managing director and head of transportation and shipping research, is firmly in the bulls’ camp. In fact, in his almost 20 years of analyzing companies and industries, his outlook report for 2021 is the most bullish one he’s written.

During an interview with FreightWaves, Mehrotra laid out his rationale on trucking in 2021 and beyond. His positive thesis centers on continued...

https://s29755.pcdn.co/news/qa-deutsche-banks-amit-mehrotra-still-bulled-up-on-trucking

2021 trucking outlook comes into focus

Analysts call their shots for trucking in 2021

Several analysts have published transportation outlook reports for 2021 that are calling for continued strength in the trucking markets. Some are expecting the favorable truckload fundamentals that were in place in the back half of 2020 to continue unchanged though 2021. However, others believe the TL trade has grown long in the tooth and are pivoting to a more meaningful industrial recovery, which supports an improving freight environment for less-than-truckload carriers and the railroads.

Poten...

https://s29755.pcdn.co/news/2021-trucking-outlook-comes-into-focus

The beginning of the end?

XPO Logistics CEO Brad Jacobs speaks at the BGSA conference in West Palm Beach.

He came. He saw. He conquered. He stayed on for a while. He then left, making himself and his shareowners much richer than when he arrived.

If history is any guide, that will be Brad Jacobs’ arc at XPO Logistics Inc. (NYSE:XPO), the company he founded nearly a decade ago with a $150 million investment and grew into a $17 billion multinational behemoth that has been a massive wealth-builder for shareholders. Wednesday’s announcement that Greenwich, Connecticut-based XPO would split its...

https://s29755.pcdn.co/news/the-beginning-of-the-end

Analysts applaud XPO’s resilience as third-quarter results impress

Drive XPO app

The XPO Logistics, Inc. (NYSE:XPO) worry warts can breathe easier today.

The transport and logistics titan posted third-quarter results that was a considerable improvement on various fronts from a difficult second quarter. Revenues of more than $4.22 billion beat Wall Street estimates by more than $300 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $439 million was $88 million ahead of estimates. Adjusted earnings per share of 83 cents more than...

https://s29755.pcdn.co/news/analysts-applaud-xpos-resilience-as-third-quarter-results-impress

XPO closes less-than-truckload demand gap, Deutsche Bank says

Trucks tracked at a terminal

Less-than-truckload (LTL) activity at XPO Logistics (NYSE: XPO) experienced a “notable inflection” during the third quarter, according to geofencing data provided by Deutsche Bank (NYSE: DB).

In a Monday note to clients, the firm’s transportation equity research analyst, Amit Mehrotra, said “based on our geofencing data we believe XPO should be able to show a noticeable snap back in relative volume performance, which should allow shares to move higher.”

The firm’s data shows that activity levels...

https://s29755.pcdn.co/news/xpo-closes-less-than-truckload-demand-gap-deutsche-bank-says

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