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FreightWaves-Newslatter FW DAILY | Echo CEO Waggoner to The Jordan Company

20 November 2021 Saturday

NEWSLETTER BROUGHT TO YOU BY — J.B. HUNT
There’s no escaping the capacity issues prevalent in today’s transportation sector. There are ways to address them, however. With a $1.25 billion capital investment, J.B. Hunt is significantly increasing its total container and trailer capacity. Click  here to learn more about how this expansion gives shippers more options as they plan for 2022.
DID YOU KNOW?
Federal lawmakers from California are pressuring Gov. Gavin Newsom to declare a state of emergency and suspend or eliminate regulations to deal with a supply chain crisis they say has no letup in sight.
Currently there are approximately ____ ships still anchored off the ports of Los Angeles and Long Beach.
A) 50 B) 75  C) 100 D) 125
Read the full story for the answer or scroll to the bottom of this newsletter.
Shareholders of Echo Global Logistics (NASDAQ: ECHO), a leading Chicago-based third-party logistics provider, will gather Friday for an extraordinary meeting to vote on the 3PL’s acquisition by private equity firm The Jordan Company for $48.25 per share. Read More
TRUCKING
Sean M. O’Brien widened his lead Wednesday in the race for the Teamsters union’s general-presidency as he captured the lion’s share of votes tabulated by midafternoon across the union’s eastern region. Read More
TECHNOLOGY
Waymo Via is joining the freight-dense Interstate 45 route from Fort Worth, Texas, to Houston in a six-week test of its latest autonomous trucking software for UPS that comes as the package delivery company benefits from extra help for the holiday shipping season. Read More
TECHNOLOGY
In 2021 alone, real-time visibility provider project44 has undergone three global acquisitions and a Series E round that has distinguished the startup as an industry unicorn, earning the No.1 ranking in FreightWaves’ 2022 FreightTech 25. Read More
TECHNOLOGY
Continuing a string of positive recognition that stretches back several years, FreightWaves has been selected as a Technology Fast 500 winner for 2021. Read More
SPONSORED CONTENT BY TENSTREET
As carriers across the industry continue to grapple with the driver shortage, focusing on driver recruitment is more important than ever. Read More
TECHNOLOGY
Digital freight network Convoy announced on Thursday it has added a program to its suite of tools called Convoy for Brokers, enabling freight brokers to leverage its existing carrier network to cover their loads. Read More
SPONSORED CONTENT BY TRUCKER TOOLS
60% of carriers report being detained for longer than two hours on each load. Read More
Los Angeles to Salt Lake City – Dry van rejection rates climb to 19.06% on the LAX – SLC lane, and 12.70% on the SLC – LAX lane.
·        Dry van rejection rates have increased to 19.06% on the LAX – SLC lane as the Los Angeles Headhaul score climbs to 169.2 .
·        Salt Lake City’s Headhaul score remains low at -7.35, but dry van rejection rates have increased to 12.70% on the SLC – LAX lane as spot rates improve.
Salt Lake City shippers have increased dry van tender lead times to 2.56 days as market conditions tighten.
QUOTABLE
“We won’t have to worry about a couple pennies of EPS — we can think longer term than that. Say we wanted to spend an extra $20 million on technology next year just to move faster. We already have a vision and road map, but we want to accelerate the pace. As a public company, we might want to throttle it back a little bit. As a private company, as long as we can convince our one shareholder of the [return on investment], they may say, ‘Go for it, run faster.’”
Answer to DYK?
Answer: C) 100
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