Summary
In this episode of Loaded and Rolling Community Update we have the pleasure of hosting Thomas Wasson, a seasoned enterprise trucking expert. We delve into the operational challenges that Heartland and UPS are grappling with, discuss the ramifications of acquisitions on company performance, and speculate on UPS's potential divestiture of Coyote Logistics. Thomas also gives us a sneak peek at future show topics, including a deep dive into transparency within the trucking industry.
Key Highlights
- Heartland's earnings have taken a hit, despite the company's strong track record for pricing discipline and maintaining a solid operating ratio.
- The assimilation of newly acquired entities presents a significant hurdle for major carriers, as preserving the original culture and profitability proves to be a complex task.
- Contract carriers are facing a tumultuous trucking market, with the downturn in the spot market beginning to exert pressure on contract rates.
- UPS is contemplating the sale of Coyote Logistics, a subsidiary that has been weighing down on its earnings, though securing a buyer in the current economic climate could prove challenging.
- The strategic decision to offload a business segment hinges on the timing and the segment's potential for future growth.
- An upcoming episode will feature a conversation with Cover Wallet, focusing on the importance of transparency in the trucking industry and the role of the FMCSA.
Guests
Joining us today is Thomas Wasson, an enterprise trucking expert whose deep industry knowledge offers a wealth of insights into the market's current challenges and trends.
Action Steps
- Keep a close eye on the performance of industry giants like Heartland and UPS to better understand the intricacies of the trucking sector's challenges.
- Stay abreast of trucking market dynamics, particularly how fluctuations in the spot market are influencing contract rates.
- When considering the sale of a business division, weigh the importance of timing and the division's growth prospects.
- Anticipate the forthcoming episode with Cover Wallet on Loaded and Rolling, where we will tackle the topic of industry transparency.
Listener Challenge
We challenge you to investigate and dissect the financial health of Heartland and UPS, to gain a more nuanced perspective on the obstacles they're currently encountering.
Next Steps
Don't miss out on the latest industry insights—subscribe to Loaded and Rolling and join us as we navigate the evolving landscape of trucking.
Top Story - Biden administration announces massive logistics improvement plan
Check Call turns 100 episodes old
Carrier Update - Diesel fuel prices continue to fall
ITS invests in Texas, Lineage expands cold storage footprint
Carrier Update - Reefer rejection rates climb above 10%, Dry van remain below 4%
Top Story - STB’s Oberman has strong words for UP CEO
Carrier Update - Lanes of the Day
Round Table - How do you define an independent contractor?
On The Spot - SONAR UI, What’s new?
Reaction to the FMCSA ruling on broker fraud and another broker/carrier liability case
Carrier Update - NTI rebounds as spot rail increase slightly
The evolving nature of freight media
Carrier Update - Aggressive rail tactics steals freight volumes from trucks Pt. 2
OOIDA responds to the driver overtime pay bill in Congress
Carrier Update - Aggressive rail tactics steals freight volumes from trucks Pt. 1
Top Story - FMCSA tightens regulations to try and curb fraud in brokerages
Carrier Update - Lanes of the Day
Round Table - How to deter thieves as cargo theft is more prevalent than ever
How do you change your marketing strategy for bilingual people?
Carrier Update - Diesel fuel prices continue to fall
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Sarah Westall - Business Game Changers
Wall Street Breakfast
Bloomberg Surveillance
Bloomberg Daybreak: US Edition