 May 28, 2021 | Today's news and insights for transport leaders Note from the editor When it comes to earnings calls, my favorite part is the Q&A. Here are two excerpts from a transcript of Werner's latest call that caught my attention:
Deutsche Bank analyst: "I was just wondering if ... given your elevation to chairman of the company, whether that changes the M&A strategy."
CEO Derek Leathers: "Yes, there's probably a shift in our tolerance to be aggressive. There's a shift in our tolerance to look to return value to shareholders in all forms. And that is something that I think over time you'll see play out."
That was just a tidbit from the presentation (you can read about the bigger takeaways here). But it's interesting, as the firm has historically been conservative in this area. We'll be keeping an eye on that.
Today's newsletter is a roundup of some of our biggest headlines from the latest earnings cycle, made up of tidbits. What topics are you most interested in hearing executives speak about during the next cycle? Send me an email, and let me know.
We're taking a publishing break Monday for Memorial Day, so we'll be back in your inbox Tuesday.
Take care,
 S.L. Fuller
Editor, Transport Dive
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Injecting equipment into the supply chain could ease capacity, though the COO said trucking faces the most challenging driver market in decades. |
The carrier is having more difficulty hiring drivers than in the past, the CEO said, but he emphasized it is not capacity constrained |
TL and logistics sit on opposite ends of what the CEO called the "asset-intensity spectrum." Intermodal falls in the middle. |
Brokerage businesses are thriving in an environment where capacity is limited and they can play matchmaker between cargo owners and multiple carriers. |
The $700 million loan is helping the firm, formerly known as YRC, carry out its "One Yellow" strategy, which aims to make its cost structure competitive with other LTLs. |
The carrier expects strong TL freight demand to last into 2022, with spot rates outpacing contract rates, the CEO said. | What We're Reading  Supply Chain Dive |
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