The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight the latest news regarding the Paycheck Protection Program, interesting comments regarding the U.S.-Mexico border and more. The High Five 1. The…
On Monday, Amit Mehrotra, an analyst at Deutsche Bank, stated that due to customer demand, low inventory levels, housing demand and federal stimulus, the current market constraints on trucking and international container capacity are likely to continue into 2023. Shippers…
Produce supply chain logistics and technology company Hwy Haul has secured a $10 million Series A round of funding, co-led by Eileses Capital and BluePointe Ventures. Additional investors include AgFunder and True Blue Partners and notable angel investors like Dheeraj…
Sweden-based Einride, whose driverless and cabless freight pods run on electricity, has raised $110 million in a Series B funding round. First-time investors include Soros Fund Management LLC; Singapore’s Temasek Holdings Ltd.; Maersk Growth, the corporate venture arm of A.P.…
Hub Group (NASDAQ: HUBG) expects intermodal growth to persist in 2021, and the company sees itself working well with its partners to take advantage of growth opportunities. TIght truck capacity, escalating fuel prices, a driver shortage and companies’ focus on…
On a call with analysts Wednesday, Yellow Corp. (NASDAQ: YELL) CEO Darren Hawkins said he was “not pleased” with the company’s first-quarter results, a net loss of $63.3 million, or $1.26 per share. The report was well below analysts’ expectations,…
The delivery business of Uber Technologies (NYSE: UBER) is on track to be profitable on an EBITDA basis by the end of the year, according to company officials speaking on the Uber earnings conference call. Uber’s Delivery segment is coming…
Link to full report Global commercial fuel-card and business payments company FLEETCOR Technologies Inc. (NYSE: FLT) on Wednesday reported adjusted earnings per share (EPS) of $2.82 for the first quarter, a 6% decrease from adjusted EPS of $3 in the…
To view more FreightWaves infographics, click here.
Global payments provider PayPal (NASDAQ: PYPL) on Wednesday reported Q1 2021 net revenues of $6.03 billion, up 29% year-over-year, and beating the $5.9 billion estimate of analysts surveyed by TipRanks. PayPal said non-GAAP earnings per share (EPS) was $1.22, 20…
Recent Comments