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.
E-commerce and the grocery store
Nikola's Push into Hydrogen Technology: A Deep Dive into Future of Electric Vehicles
Exploring the Resurgence of Natural Gas as a Diesel Alternative in Trucking
Bid Season and the 3PLs
Securing Retail Assets: The Role of RFID Technology in Theft Prevention
Temperature-controlled D2C fulfillment
CVSA International Roadcheck's 2024 Focus Revealed
Forterra demonstrates new service under new name
Effective marketing and freight brokers
Intermodal Data & Rising Costs in the CPG/Retail Landscape
Insurance and Inflection Points in Trucking
Revving Up Love for Innovation: Unpacking Volvo's VNL Truck Tech
When geofencing comes to the 3PL
Amazon is still in lawsuit hot water
Taking sustainability seriously for health industry shippers
UPS Vet's EV Game Changer & Truck Tech's Future Unveiled
The Strategic Broker: Unlocking Opportunities in Bulk Shipping Markets
The Ongoing Quest for Rail Safety: A Year After the East Palestine Derailment
Staying Warm Against Cold-Chain Crime: Prevention and Response Tips
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Startitup podcasty
Wall Street Breakfast
Bloomberg Surveillance