The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, earnings from lender BMO shed light on the state of the U.S. trucking market. Plus, Flock Freight lands $113.5 million in funding, and the next leader of the U.S. Department of Transportation could face turf wars among various agencies.
A healthy market rolls on
Canadian-based bank BMO reported its fourth-quarter earnings. With a heavy presence in transportation, the earnings offer a glimpse into the state of the market.
John Kingston looks at what the earnings are suggesting: Trucking industry lender’s quarterly data shows significant market improvement
Money flows to Flock Freight
Flock Freight, a technology startup that offers a shared truckload shipping solution, has raised $113.5 million in a Series C, the latest of several noteworthy funding rounds completed by maturing digital freight companies.
Linda Baker details Flock Freight’s backers: Flock Freight completes $113.5M Series C
Picking DOT’s next leader
As President-elect Joe Biden names his list of agency heads, an expert weighs in on what the most important attributes are for the next U.S. Department of Transportation leader.
John Gallagher has the details: Former DOT chief to potential Biden picks: Beware of agency turf wars
MoLo Solutions is switching from its legacy transportation management system provider to Mastery Logistics Systems’ MasterMind product.
John Paul Hampstead explains why: MoLo Solutions takes Mastery’s TMS live
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Trucking fleets running older devices on 3G networks could soon start seeing a degradation of service as major telecom carriers mothball 3G towers.
Brian Straight explains how much time they have left: Fleets’ data service reliability may drop as telecoms transition away from 3G
Hammer down, everyone,