Overdrive’s Post

The Buckshot and Heat Waves deals represent a corporate-strategy shift away from the more seasonal aspects of Enservco’s energy-services business and toward transportation and logistics.

🔍 Exploring new paths in the world of transportation equipment finance! 🚛💰 🌟 Did you know that the article on transportation equipment financing reads like a road map of opportunities, paving the way for insightful discussions and discoveries? 🛣️💡 🔮 Curious minds, what role do you think technology plays in shaping the future of transportation financing? 🚀📊 🧐 How would you describe the impact of sustainability on the choices companies make in acquiring transportation equipment? 🌿💡 🌌 Like stars in the sky, the possibilities seem endless. Share your thoughts on the unforeseen benefits highlighted in the article! ✨💭 Let's navigate this intricate web of knowledge together! 🧭💼 #TransportationFinance #InnovativeInsights #FutureTech #SustainabilitySolutions https://lnkd.in/eVd-6rYi

"Where are my trucks? Are they being used efficiently? What are my total expenses? Am I getting the most value from my fleet?" We tackle these crucial questions. Our account management features Estate Management, offering clients real-time insights into the whereabouts and usage of their trucks throughout their network. This service includes both asset management and comprehensive utilisation reporting, giving customers a thorough understanding of their fleet's performance and costs. #mhe #accountmanagement #cut #costs https://hubs.ly/Q02MkSG60

Update! Delek Logistics Successfully Prices Upsized Offering of $200 Million Senior Notes! I am very pleased to announce that Delek Logistics Partners, LP (NYSE: DKL) has successfully priced an upsized offering of $200 million in additional 8.625% senior notes due 2029, at an impressive above par offering price of 103.250%. Initially set at $100 million, the strong demand allowed us to increase the offering size, reflecting the market's confidence in our business. These additional notes will join the same series as our existing $850 million in senior notes due 2029, further strengthening our financial position. The proceeds from this offering will be used to repay a portion of the outstanding borrowings under our revolving credit facility, supporting our ongoing growth and operational excellence. This achievement underscores our commitment to maintaining a robust capital structure while continuing to deliver value to our investors and stakeholders. #Finance #Energy #CapitalMarkets #DelekLogistics #DebtOffering #OilGas #EnergyIndustry

Schneider National has strategically leaned into its dedicated fleet to counteract ongoing challenges in its one-way business. By growing its dedicated trucks by 4% YoY to an average of 6,617 trucks in Q3, the company maintained stability in a volatile market. This shift not only helped Schneider sustain an operating ratio of 95.5% but also showcased the resilience of dedicated business contracts as a buffer against lower volumes in one-way services. Looking forward, Schneider sees strong growth potential in its dedicated pipeline and plans to continue increasing its tractor count to meet demand for stable, long-term contracts. Some key highlights: • Dedicated fleet saw a 4% increase, driven by new business, marking a continued commitment to stable contracts. • Account churn for dedicated services dropped 50% since 2023, and high retention is expected to continue into 2025. • TL revenue reached $532 million (excluding fuel surcharges), with growth largely coming from dedicated routes as one-way volumes declined. • One-way trucks decreased by 12% YoY to 3,780, but revenue per truck rose due to reduced capacity in the market. • Schneider’s focus on dedicated routes mirrors industry peers’ efforts, such as Werner, to limit exposure to spot market volatility. • Since going public in 2017, Schneider’s dedicated business has averaged 9% growth per year, supported by both organic expansion and acquisitions. • With 64% of its truck distribution now dedicated, Schneider plans to further grow this percentage, leveraging both a robust pipeline and potential acquisitions. #TruckingIndustry #DedicatedFleet #SchneiderNational #FreightStability #Logistics #SupplyChain

MORE of this please for our towns, cities and environment! Pleased to see our asset finance team working with Fin - sustainable logistics as they grow their #sustainablelogistics business in the UK - deploying both electric vans and e-cargo bikes. Every delivery leaves fossil fuel in the ground and out of the atmosphere. #sustainable #logistics #netzero #supplychain

As fleets plan for the rest of the year, interest rates will be a key focus. Brian Holland and Waste Advantage Magazine share how crucial it is for corporate transportation fleets to analyze reliable data in order to make well-informed decisions that will lead to long-term financial success. Check out the full article to learn more!

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