EPISODE · Aug 12, 2025 · 2 MIN
Morning Minute | August 12, 2025
from FreightCasts · host FreightWaves
Teamsters Union and UPS reached a resolution early this morning that successfully averted a strike at several key locations. Despite resolving grievances and a local contract dispute, relations remain tense as the Teamsters navigate buyout offers and alleged contract violations, with the union prepared to set up strike lines in multiple states. Forward Air unveiled their second-quarter earnings, where the company missed expectations with a net loss of $20.4 million, which was worse than the consensus estimate. Revenue saw a 4% year-over-year decline but increased 1% from the first quarter, and no update was provided on the ongoing strategic review that could potentially lead to the company's sale. Echo Global Logistics announced its acquisition of fellow 3PL FreightSaver, a California-based company founded in 2014 by Ryan Renne and Buster Schwab. FreightSaver specializes in truckload, less-than-truckload (LTL), expedited, and specialized shipments; Echo's CEO stated that FreightSaver's customer-centric, tech-enabled business complements Echo's strengths and accelerates its ability to deliver value through managed transportation. Finally, the podcast highlights upcoming content on FreightWaves TV, including Check Call and Loaded and Rolling. Listeners are encouraged to register for the F3: Future of Freight Festival using a special code and also for the Crossborder Logistics Summit. Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
Teamsters Union and UPS reached a resolution early this morning that successfully averted a strike at several key locations. Despite resolving grievances and a local contract dispute, relations remain tense as the Teamsters navigate buyout offers and alleged contract violations, with the union prepared to set up strike lines in multiple states. Forward Air unveiled their second-quarter earnings, where the company missed expectations with a net loss of $20.4 million, which was worse than the consensus estimate. Revenue saw a 4% year-over-year decline but increased 1% from the first quarter, and no update was provided on the ongoing strategic review that could potentially lead to the company's sale. Echo Global Logistics announced its acquisition of fellow 3PL FreightSaver, a California-based company founded in 2014 by Ryan Renne and Buster Schwab. FreightSaver specializes in truckload, less-than-truckload (LTL), expedited, and specialized shipments; Echo's CEO stated that FreightSaver's customer-centric, tech-enabled business complements Echo's strengths and accelerates its ability to deliver value through managed transportation. Finally, the podcast highlights upcoming content on FreightWaves TV, including Check Call and Loaded and Rolling. Listeners are encouraged to register for the F3: Future of Freight Festival using a special code and also for the Crossborder Logistics Summit. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Morning Minute | August 12, 2025
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