Flatbed freight

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

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

‘Lots of unknowns’ facing flatbed market, says Daseke

On its earnings call with analysts and investors, management from Daseke Inc. (NASDAQ: DSKE), the nation’s largest flatbed carrier, said that they see “lots of unknowns” when it comes to a rebound in demand. They said that their wind energy and infrastructure customers are doing well and noted that their clients in the automotive industry are expected to come back online soon.

“Volumes held up well” during the first 11 weeks of the first quarter, yielding to pandemic-related demand erosion in...

https://www.freightwaves.com/news/lots-of-unknowns-facing-flatbed-market-says-daseke

Daseke reports small adjusted loss, declining flatbed markets plateau in late April

flatbed rig

Flatbed carrier Daseke Inc. (NASDAQ: DSKE) announced further progress in its restructuring efforts with the planned divestiture of its oil rig transportation company, Aveda Transportation and Energy Services.

“Our management and board of directors have concluded that the Aveda business is not a long-term fit with the rest of our portfolio, and as a result, we have elected to begin the process to strategically divest this business. Following its conclusion, our Oil and Gas-related business should...

https://s29755.pcdn.co/news/daseke-reports-small-adjusted-loss-declining-flatbed-markets-plateau-in-late-april

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