TFI-UPS Freight

2021’s most transformational deals in trucking

Some carriers made noncore additions to the lineup in 2021

Deal flow was heavy in the trucking industry during 2021. Most players in the space have seen multiple quarters of record earnings and cash flows. Whether it was looking for a place to put newfound cash to work, adding drivers and equipment in a capacity-constrained market or bolting on a new mode to the transportation offering, many carriers were actively vetting deals and buying assets.

Here’s a recap of a few of the most transformational deals in trucking during 2021.

Knight-Swift goes all in...

https://www.freightwaves.com/news/2021s-most-transformational-deals-in-trucking

The Daily Dash: Diesel prices rising; Postal Service revamp

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, fuel prices are on the rise as cold weather drives up the cost of all fuels. Plus, a restructuring for the U.S. Postal Service could be on the horizon; Forward Air’s CIO talks about the cyberattack that hit the company in December; and TFI discusses the UPS Freight acquisition.

Going up: Fuel prices on the rise

Cold weather across the country is boosting the price of heating oil, and there is now a...

https://www.freightwaves.com/news/the-daily-dash-diesel-prices-rising-postal-service-revamp

The Daily Dash: Schneider’s youth movement; UPS CEO talks UPS Freight sale

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Schneider National plans to invest in new equipment in 2021 as it seeks to lower the age of its tractors. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight, and the world reacts to Jeff Bezos stepping down as CEO of Amazon.

Youth movement

Schneider National (NYSE: SNDR) plans to invest in new equipment to lower the age of its trucks in 2021, using a cash balance to help fund the initiative.

https://www.freightwaves.com/news/the-daily-dash-schneiders-youth-movement-ups-ceo-talks-ups-freight-sale

ArcBest looking for ‘good momentum’ to carry into Q1

TFI acquisition of UPS Freight likely a 'good thing'

Logistics provider ArcBest Corp. (NASDAQ: ARCB) is hopeful for continued improvement in industrial activity as the new year progresses.

On Tuesday, the Fort Smith, Arkansas-based company reported fourth-quarter adjusted earnings per share of 97 cents, 5 cents ahead of consensus and 41 cents ahead of the 2019 fourth quarter. The period benefited from a lower tax rate.

Tonnage trends seeing lift from industrial sector

On the fourth-quarter earnings call, Chairman, President and CEO Judy McReynolds...

https://www.freightwaves.com/news/arcbest-looking-for-good-momentum-to-carry-into-q1