The Daily Dash: Q3 earnings continue to shine; M&A hits the skids

Landstar truck on highway

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Landstar is the latest carrier to predict a strong fourth quarter following its third-quarter earnings results. Plus, M&A activity could be hitting the brakes and a truck driver is charged for driving into a crowd of protesters on I-35.

No slowing this carrier

Landstar System Inc. (NASDAQ: LSTR) executives see no slowing of the current market and are predicting a near-record fourth quarter as peak season kicks in.

Todd Maiden has details on the company’s financial position: Landstar eyes record in fourth quarter

Deal breaker

The COVID-19 pandemic has not impacted freight as much as feared, but it is putting a damper on deal-making.

Mark Solomon explains why: COVID-19 travel curtailments major block to robust 3PL M&A in 2021

Forward momentum

Forward Air pre-announces its Q3 earnings, expecting earnings per share of 60 cents, well ahead of analysts’ expectations.

Todd Maiden has details on how big the beat will be: Forward Air pre-announces Q3 expectations well ahead of consensus

Truck driver charged with felony

A truck driver who drove into protesters on I-35 near Minneapolis on May 31 before being dragged out of his cab and beaten has been charged by police.

Clarissa Hawes details the charges the driver faces: Investigators charge trucker who drove through protesters on I-35

Stories we think you’ll like:

Commentary: Data sharing offers limited customer service

Plus taps AWS as cloud provider as Amazon tightens grip on autonomous vehicles

Landstar beats recently raised guidance

Mullen Group pushes through Q3 with help from feds

Amazon opens two new fulfillment centers in Mexico

Trio pleads guilty to involvement in Louisiana staged accidents

Truckers rank the most dangerous weather conditions

Did you miss this?

Autonomous truck startup Aurora has been testing its Class 8 vehicle in Texas, but even as it has been doing that, it’s also been building out an impressive executive team.

Linda Baker has more on the newest executives: General Motors, Lyft and Cray execs join Aurora

Hammer down, everyone,

Brian Straight

Managing Editor

Click for more FreightWaves articles by Brian Straight.

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