Flatbed carriers

PS Logistics adds Yordy Transport to its flatbed fleet

PS Logistics said Monday its subsidiary Diamond State Trucking has acquired flatbed operator Yordy Transport.

Headquartered in Morton, Illinois, Yordy Transport was founded six years ago and has a fleet of 30 power units, according to Federal Motor Carrier Safety Administration data. It primarily moves railroad and building materials throughout the central and southeast U.S.

“This acquisition aligns nicely with our desire to partner with founder- or family-owned trucking companies that put their...

https://www.freightwaves.com/news/ps-logistics-adds-yordy-transport-to-its-flatbed-fleet

PS Logistics acquires flatbed, dedicated hauler Buddy Moore Trucking

PS Logistics announced it has acquired flatbed and dedicated truckload carrier Buddy Moore Trucking (BMT). The combination of the two Birmingham, Alabama-based transportation providers will expand PS Logistics’ presence in the Southeastern U.S.

Founded in 1999, Buddy Moore Trucking touts a flatbed fleet of 130 tractors and a dry van operation with 120 trucks. It has a total of 517 power units registered, according to Federal Motor Carrier Safety Administration data. The company also has a...

https://www.freightwaves.com/news/ps-logistics-acquires-flatbed-dedicated-hauler-buddy-moore-trucking

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...

PGT leverages innovation to improve truck driver safety

As the trucking industry enters a new era of innovation and sustainability, carriers are utilizing progressive technology and equipment to revolutionize their operating systems, increase efficiency and reduce carbon emissions.

Fleets have access to more data than ever, applying automated and machine learning (ML) processes to gain unprecedented insight into transportation logistics. New telematics systems provide advanced metrics that allow carriers to optimize load planning, route guidance and...

https://www.freightwaves.com/news/pgt-leverages-innovation-to-improve-truck-driver-safety

Carrier preparing for the future with green efforts today

The modern day sustainability movement in the U.S. actually began as early as the 1970s with the creation of the Environmental Protection Agency and the enactment of notable legislation by the U.S. government. 

In the early years, much of the EPA’s focus was on reducing pollution and improving air quality, working primarily within the power generation segment. Since 1990, the greenhouse gas emissions from electric power have decreased roughly 21%, thanks in part to greener energy sources and...

https://www.freightwaves.com/news/carrier-preparing-for-the-future-with-green-efforts-today

Trucking companies take proactive stance to thwart theft during holiday season

Cargo theft makes headlines each holiday season, driven by increased shipments, high demand and product shortages. Recent data from CargoNet shows cargo theft losses rocketed to $19 million in the first quarter of 2022 in the United States and Canada, a 73% increase over the same period in 2021.

Thieves are evolving their tactics and utilizing technology to target trucks with goods that can easily be sold off-market for a quick dollar. While the majority of the population enjoy long weekends and...

https://www.freightwaves.com/news/trucking-companies-take-proactive-stance-to-thwart-theft-during-holiday-season

Daseke to buy out founder in $108M transaction

Flatbed truckload provider Daseke said Monday that it will buy out founder and former chairman Don Daseke. An agreement to repurchase $107.6 million in stock from Daseke and his affiliates is expected to close “later this week.”

The carrier will use $40 million in cash on hand and issue more than 67,000 shares of preferred stock to execute the transaction. Daseke’s holdings represent 28.6% of the company’s total outstanding common shares. Daseke will resign from the board and he and his...

https://www.freightwaves.com/news/daseke-to-buy-out-founder-in-108m-transaction

Show-me story Daseke expects to perform through downturn

Management from flatbed truckload provider Daseke said “capacity is booked solid” on a call discussing third-quarter results with analysts on Wednesday.

More than one-quarter of the freight the carrier hauls in its specialized segment was described as “noncyclical.” CEO Jonathan Shepko said calls are coming in from customers to “confirm capacity availability” for infrastructure-related projects and that the initial 2023 outlook for the manufacturing, construction and agricultural markets remains...

https://www.freightwaves.com/news/show-me-story-daseke-expects-to-perform-through-downturn

Daseke announces share buyback following activist’s encouragement

A flatbed rig on the highway

After sagging performance in its shares, flatbed truckload operator Daseke announced Friday that it would repurchase up to $40 million of its stock.

The stock will be repurchased from “time to time” in the open market or by using a Securities and Exchange Commission Rule 10b5-1 plan, which sets the schedule and amount of trading in advance. The company said it will use cash on hand to fund the program.

Shares of Daseke (NASDAQ: DSKE) were up 14.6% on Friday at 12:41 p.m. EDT compared to the S&P...

https://www.freightwaves.com/news/daseke-announces-share-buyback-following-activists-encouragement

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