Mastery Logistics Systems

Mastery Logistics hires Hartford, prominent analyst, as CFO

Logistics software provider Mastery Logistics said Monday that it has hired Benjamin J. Hartford, a longtime securities analyst, as its first-ever chief financial officer, thus rounding out the leadership ranks at the 21-month-old company.

Hartford, who spent 15 years at Milwaukee-based investment firm Baird covering transportation and logistics, will also help develop and execute Mastery’s strategic initiatives, a common role for CFOs at a startup firm. Hartford started at Mastery on Monday.

The...

https://www.freightwaves.com/news/mastery-logistics-hires-hartford-prominent-analyst-as-cfo

The Daily Dash: State of the market; top challenge facing DOT’s next leader

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, earnings from lender BMO shed light on the state of the U.S. trucking market. Plus, Flock Freight lands $113.5 million in funding, and the next leader of the U.S. Department of Transportation could face turf wars among various agencies.

A healthy market rolls on

Canadian-based bank BMO reported its fourth-quarter earnings. With a heavy presence in transportation, the earnings offer a glimpse into the...

https://www.freightwaves.com/news/the-daily-dash-state-of-the-market-top-challenge-facing-dots-next-leader

MoLo Solutions takes Mastery’s TMS live

Chicago-based freight brokerage MoLo Solutions on Tuesday morning announced that MasterMind, Mastery Logistics Systems’ transportation management system (TMS), had gone live. MoLo is in the process of switching from its legacy TMS provider and migrated about 20% of its business into MasterMind beginning on Nov. 15.

For approximately the past year, MoLo served as a crucial “beta customer” for Mastery Logistics System, which was founded in 2019 by Jeff Silver, formerly of American Backhaulers,...

https://s29755.pcdn.co/news/molo-solutions-takes-masterys-tms-live

The Daily Dash: Truck drivers could be among the first for a COVID vaccine

Truck drivers could be among first to get covid vaccine

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, truck drivers could be among the first Americans to get a COVID vaccine. Plus, UPS has a dry ice solution for vaccine transport, and Werner continues to roll out new technology.

First in line

Truck drivers and other transportation workers deemed “essential” by the U.S. government could be among the first to receive a COVID-19 vaccine if supplies are limited.

John Gallagher explains who will make the...

https://www.freightwaves.com/news/the-daily-dash-truck-drivers-could-be-among-the-first-for-a-covid-vaccine

Werner deploying MasterMind TMS, investing in Mastery Logistics Systems

Werner adopts Mastery Logistics TMS

Werner Enterprises (NASDAQ: WERN) has been on a technology spree of late and that is continuing with the recent announcement of its investment in and deployment of Mastery Logistics Systems’ MasterMind transportation management system (TMS).

Werner will deploy the software-as-a-service solution across its Werner Truckload Transportation Services and Logistics business units. The deployment includes an equity investment and “ongoing strategic advisement by Werner to drive continued product...

https://s29755.pcdn.co/news/werner-deploying-mastermind-tms-investing-in-mastery-logistics-systems

Lackluster Q3 trends overshadow Schneider’s special dividend

Schneider National truck on highway

The biggest takeaway from Schneider National’s (NYSE: SNDR) third-quarter report may have been the announcement of a $2-per-share special dividend, which at least temporarily answered the questions around how the company would deploy its sizable cash position.

The $355 million special dividend represents less than half of the $769 million in cash on the balance sheet. Even after the Nov. 19 payment, the company will have ample cash to pursue other initiatives, including acquisitions....

https://s29755.pcdn.co/news/schneiders-special-dividend-overshadowed-by-lackluster-q3-trends

Schneider will be Jeff Silver’s first Mastery Logistics Systems customer

A power-only carrier pulls a Schneider trailer.

Mastery Logistics Systems came out of stealth mode with a major customer announcement and outlined its long-term plans.

After trading ended on July 7, Schneider (NYSE: SNDR) announced a strategic investment in Mastery Logistics Systems to further the companies’ collaboration. Schneider, the Green Bay-based carrier, recorded revenues of about $5 billion in 2019: About half of the business is truckload, while the rest is split between intermodal and logistics.

Mastery was launched in 2019 by Jeff...

https://s29755.pcdn.co/news/schneider-will-be-jeff-silvers-first-mastery-logistics-systems-customer

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