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.
From Truck Tech to Trailer Tech
Behind the Scenes: Exploring Mexico's Transport & Logistics Revolution
Nestlé Analyzes Pet Gut Health! What's Behind the Trend?
Polar King's Mobile Refrigeration Trailers
Supply Chain Dynamics: From Milestones to Market Insights
General Motors Fuel Cells and Milton/Nikola Update
Unlocking Success in E-commerce
Shein's sharing the supply chain spotlight
Maritime Mishaps & Solar Solutions
Greenlane and Revolutionizing Infrastructure
Navigating EDI Integrations
Insights into Intermodal Trends and Business Strategy Shifts in the Freight Industry
Mastering Logistics in Produce Season: Insider Tips for Smooth Operations
Shifting Towards Transactional Relationships and Serial Arsonist Convicted
Inside Workhorse's Revamped Plant: A Glimpse into Truck Tech Evolution
Navigating the Warehousing Landscape: Retrofitting vs. New Builds
Exploring Subscription Models: Unlocking Customer Loyalty and Recurring Revenue
Agile Warehouse Management Systems: Adapting to Supply Chain Challenges
Over-the-Road Trucking Health and Predatory Towing
Autonomous Trucking Trends: Navistar's Partnership and Workhorse's EV Challenge
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Sarah Westall - Business Game Changers
Wall Street Breakfast
Bloomberg Surveillance