The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, prosecutors are recommending jail for former Uber executive Anthony Levandowski. Plus, Amazon had a strong second quarter as e-commerce boomed, and Forward Air is pushing ahead with plans to expand its less-than-truckload business.
Finding a new home
Federal prosecutors have recommended Anthony Levandowski, the former head of Uber’s self-driving division, serve 27 months in prison. Levandowski pleaded guilty to stealing Google trade secrets when he left the company to form Ottomotto.
Clarissa Hawes explains what Levandowski’s lawyers want instead: Prosecutors recommend prison for former Uber exec who stole trade secrets
Well, this is a (not) surprise
Amazon announced earnings on Thursday, and to no one’s surprise, they were strong. The e-commerce giant said net sales increased 40% and earnings per share doubled to $10.30. And that’s not all.
Mark Solomon has details on Amazon’s transportation spend and third-quarter outlook: Amazon posts strong second-quarter revenue, income
Pushing forward with expansion
Forward Air said it will push forward with plans to expand its less-than-truckload segment beyond its traditional airport-to-airport services. The company believes it can’t wait for the perfect time, and as freight is beginning to return, now is the time.
Todd Maiden has details on what CEO Tom Schmitt said about the plan: Forward Air to expand pursuit of traditional less-than-truckload market
Finding the silver lining
While Universal Logistics Holdings posted declining numbers in its second-quarter earnings report, CEO Tim Phillips found several bright spots. He specifically cited the “anticipated direction of our current operations,” and mentioned several new business opportunities that have presented themselves.
Noi Mahoney has more on what the CEO said: Universal Logistics CEO touts company’s adaptability in ‘tough environment’
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Old Dominion makes its favored LTL benchmark clear: Revenue per shipment
Texas carrier, logistics firm file for bankruptcy
XPO sees OR tumble in LTL division in second quarter
Universal Logistics profits, revenue drop during second quarter
Intermodal growth here to stay, says Hub Group
Did you miss this?
DHL Global Forwarding has opened a 20,000-square-foot, temperature-controlled facility in Indianapolis that will cater to pharmaceutical and medical product shippers. The $1.6 million facility has variable temperature capabilities to process all types of pharmaceutical, biotech or medical products that require strict temperature control, the company said.
Chris Gillis has details on the new facility: DHL injects $1.6M into new Indianapolis life sciences facility
Hammer down, everyone.