Less-than-truckload carrier Old Dominion looks to build on its record third-quarter operating ratio in what it expects will be a “robust” 2021.

Less-than-truckload (LTL) carrier Old Dominion sets a new operating record on its way to a 19-cents–per-share third-quarter earnings beat.

Deutsche Bank’s geofencing data shows less-than-truckload terminal activity at XPO accelerated during the third quarter while other carriers saw moderation.

Supply chain solutions technology provider Manhattan Associates sees favorable long-term tailwinds as multichannel retail delivery expands.

Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.

Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.

Forward Air sees 60 cents per share in the third quarter. The earnings pre-announcement comes in significantly higher than analysts’ current forecasts.

Truck broker Landstar System handily beats its guidance, which was raised in early September. The company posted its second-best third quarter ever.

Knight-Swift Transportation’s third-quarter report provides an earnings beat, a 2020 guidance raise and a better-than-consensus first take at 2021 earnings as the carrier sees “strong freight conditions” continuing.

Knight-Swift Transportation raises its 2020 outlook and provides 2021 guidance that is well ahead of recently raised expectations.

P.A.M. Transportation Services sees a “marked improvement” as its auto manufacturing customer base gets back to work. The carrier expects “upward rate pressure” as truck capacity tightens.

Logistics real estate investment trust (REIT) Prologis beats third-quarter expectations and raises guidance. Conditions have improved and the runway for e-commerce-related growth appears long.

Logistics real estate investment trust Prologis records a better-than-expected third quarter and modestly raises its 2020 guidance.

The CARES Act oversight commission is still waiting on a response from the Defense Department regarding its “national security” designation of YRC Worldwide, which allowed the carrier to obtain a pandemic relief loan.

The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.

Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.

Landstar System announces the opening of a new driver center for its independent owner-operators in Carnesville, Georgia. The 8,000-square-foot facility provides classrooms, a business center, laundry, showers and break rooms.

J.B. Hunt Transport Services misses 3Q estimates by 9 cents per share. Revenue and operating income climb 5% but a variety of cost inflation and a tough truck brokerage market weigh on the quarter.

Teamsters and YRC Worldwide agree to implement $7,500 hiring bonuses to new drivers. YRC will select the regions for the new bonus pay but the local unions have the autonomy to decline them.

After a couple of months of improving data points, positive commentary from management and analysts raising their earnings expectations, the third-quarter earnings season kicks off later this week.

Cold storage operator Americold expands its portfolio again, this time in a $1.74 billion bid for the world’s fourth-largest provider. Americold plans to offer 33 million common shares in total to facilitate the deal.

Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.

The less-than-truckload industry continues to expand its footprint. Saia Inc. has added terminal capacity again, this time transitioning into a new 200-door terminal in Memphis, Tennessee.

The expectation for truckload (TL) contractual rates to increase by double digits in 2021 is growing. In a Wednesday note to clients, UBS transportation equities analyst Tom Wadewitz outlined the fundamentals supporting this projection.

Soaring demand and a lack of truck capacity have industry participants calling for double-digit rate increases in 2021. UBS transportation equities analyst Tom Wadewitz outlines his bullish call in a note to clients.

The Reverse Logistics Association’s Tony Sciarrotta and DM Transportation’s Nicholas Isasi discuss the importance of a good merchandise returns process at the FreightWaves Last Mile Logistics Summit.

Transportation capacity has dropped to new lows and the precipitous rate at which pricing is increasing is expected to continue for at least the next 12 months, according to a September supply chain survey.

Forward Air announces another acquisition as it advances its no-wait growth plan. The Greeneville, Tennessee-based trucking company adds intermodal drayage provider Value Logistics to its roster.

TFI International’s acquisition spree continues. The Canadian transportation and logistics company adds another bulk carrier to its portfolio with the purchase of Grammer Dry Bulk.

Canadian trucking and logistics company Mullen Group announces the acquisition of customs warehouse operator International Warehousing and Distribution Inc.

FreightWaves Chief Strategy Officer JT Engstrom chats surface transportation outlook with Ryder’s head of transportation management at The Future of Logistics Real Estate summit.

Radiant Logistics achieves a couple of records during the recent quarter. Moving PPE and other aid paves the way to a large earnings beat.

Third-party food logistics company FreezPak Logistics announces plans to open a new facility near Port Elizabeth to meet “continually growing demand for cold storage space.”

Forward Air adds traditional LTL service to more of its facilities as carriers put more assets to work in the space.

U.S. Xpress’ industry forecast calls for the truckload market to experience high driver turnover, declining capacity and “overwhelming” volumes through 2021.

Cass data for the month of August shows significant acceleration in demand and rates but the comparisons to 2019 still lag other data sources.

The fallout at Nikola could place additional scrutiny on new public offerings and nontraditional special purpose acquisition companies.

Shares of electric truck maker Nikola Corp. sag 20% on the announcement its founder and executive chairman was stepping down, following the fallout from a short seller report questioning the company’s technology claims.

With many data points sitting at cycle highs, several industry participants are calling for the trucking market’s bull rally to last well into 2021.

Technology and an abundance of data have brought more venture capital investors to the supply chain industry.

It appears Lineage Logistics will be able to sustain its 60% annual cubic-foot growth rate. The company announces an equity raise landed it with $1.6 billion in new capital.

Forward Air announces the addition of CLW Delivery to its last-mile network, continuing its acceleration of both inorganic and organic growth initiatives.

Prologis’ research group views the potential conversion of underutilized brick-and-mortar retail space to logistics real estate as minimal.

Radiant Logistics reports new revenue and earnings records in a fiscal fourth-quarter update. The company has delayed its annual filing and conference call with analysts, citing delays associated with the pandemic.

Landstar System raises earnings outlook on higher truck volumes and pricing improvements. New third-quarter expectations are 25% higher than the midpoint of the previous guidance range.

Tightening truckload and intermodal markets have carriers expecting the hot freight market to carry forward. One carrier is calling for large rate increases in 2021.

YRC Worldwide reported trends worse than its competitors for the first two months of the third quarter. Recent postings show the carrier is moving forward on its turnaround by rationalizing its terminal network.

ArcBest’s results for the first two months of the third quarter confirm recent positive updates provided by other less-than-truckload carriers.

Deutsche Bank’s Amit Mehrotra becomes increasingly bullish on the future of trucking. The analyst is forecasting earnings growth at the publicly traded carriers much higher than that of his peers.

The “less bad” trend may be over for less-than-truckload carriers. August updates from a couple of carriers show modest year-over-year improvement for the first time since April’s nadir.

The Wall Street Journal is reporting that U.S. Class I railroad Kansas City Southern is in play again. Blackstone and Global Infrastructure Partners are reported to have made an offer.

July supply chain survey confirms torrid pace of logistics recovery as transportation capacity remains in short supply and rates bound higher.

Cold chain facility operator Americold Realty Trust adds three facilities to the network in a pair of transactions.

Strong spot market fundamentals and low inventories prompt UBS analyst Tom Wadewitz to raise truckload carriers’ earnings estimates for the second half of 2020.

Demand headwinds will place “downwards pressure on revenue and earnings likely into 2021” for trailer manufacturer Wabash National. This was part of the rationale behind credit rating agency Moody’s lowering its ratings on the company.

Triten Real Estate Partners acquires less-than-truckload terminal in sale-leaseback arrangement with XPO Logistics.

3D printing company Desktop Metal adds $575 million in capital to advance its efforts to reshape the manufacturing sector.

The commission overseeing pandemic loans has asked the Treasury Department for virtually every document that was used to grant struggling less-than-truckload carrier YRC a $700 million loan.

Temperature-controlled e-commerce fulfillment provider Perishable Shipping Solutions has closed an $8.7 million funding round. The company plans to add new terminals to its two-facility operation and hire staff.

FreightWaves’ JT Engstrom and Tenney Group’s Spencer Tenney sit down at the FreightWaves Carrier Summit to discuss reasons trucking deals are outpacing broader deal flow.

Prologis Community Workforce Initiative announces plan to prepare 25,000 workers for a career in the logistics industry by 2025.

Declines in Cass freight data continue to outpace the industry by a considerable margin. The firm sees improved results on the horizon.

Carriers with exposure to essential retail are benefiting from increased freight demand as retailers of grocery, household and home improvement goods struggle to keep inventories on their shelves.

Commercial Vehicle Training Association’s Don Lefeve and Roadmaster Drivers School’s Brad Ball discuss the state of CDL training at FreightWaves Carrier Summit.

Walmart’s fiscal second quarter comes in well ahead of analyst expectations as e-commerce sales surge. The COVID-related inventory drawdown is a positive for trucking.

An interview with Daseke CFO Jason Bates highlights the company’s financial turnaround. When will the carrier get back on the acquisition trail?

Roadrunner fully exits truckload business and announces financial improvement. The company adds former Celadon CEO to the board.

A new report commissioned by Prologis reveals the company’s logistics warehouse footprint encompasses $2.2 trillion of goods annually. Logistics real estate demand continues to see green shoots.

Lineage Logistics has added 24 locations to its network of cold storage facilities through a series of acquisitions. The announcement follows a few large deals Lineage announced recently.

Cold storage facility operator Americold Realty Trust’s second quarter was slightly below expectations on choppy demand and increased COVID costs.

Shares of Daseke surge 20% as the company’s overhaul appears to be ahead of schedule. Second quarter results were better than expectations.

Flatbed carrier Daseke’s turnaround starting to show fruits. Stock pops more than 15% on better-than-expected second quarter.

YRC Worldwide expands regional next-day service throughout the South. The announcement follows similar expansion plans from competitors.

TravelCenters of America has been forced to close some restaurants again as an increase in COVID-19 cases has tightened restrictions on dining out in some regions.

YRC management believes it will take four to six quarters to complete $400 million worth of equipment replacement.

YRC Worldwide’s second-quarter loss came in ahead of expectations. The earnings call is likely to focus on the company’s path forward.

Old Dominion Freight Line says it has expanded its network of service centers by nine so far in 2020. The expansion will facilitate the carrier’s efforts to grow market share.

Forward Air lays out plans to expand its less-than-truckload footprint. More terminals are expected to open this year.

Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.

Improving demand and truckload fundamentals are expected to drive third-quarter growth. The carrier’s growing cash balance garners some attention.

“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.

Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.

Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.

Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.

ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.

Management from USA Truck provides upbeat commentary regarding the potential for significantly improved earnings as truckload fundamentals remain firm.

USA Truck’s second-quarter result comes in slightly ahead of expectations, but the carrier extends its losses to four consecutive quarters.

Roadrunner Transportation Systems to spin off global logistics segment, emerging debt-free in the process.

P.A.M. Transportation points to automotive manufacturing closures as reason for second-quarter loss.

Landstar’s earnings call outlines the company’s better-than-expected guidance.

Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.

Knight-Swift sees demand improve throughout the second quarter, producing a big earnings beat. The carrier raises its 2020 earnings outlook to a level higher than its original expectation.

Knight-Swift posts solid second quarter and reinstates full-year guidance to a level higher than before the outbreak.

FreightWaves’ George Abernathy and Todd Davis talk benchmarking capabilities for brokers in virtual fireside chat at FreightWaves 3PL Summit.

Heartland Express announced the family trust of founder and current CEO will sell up to $76.9 million in stock. The family will still hold roughly 40% of the company’s outstanding stock following the transaction.

Logistics REIT Prologis sees demand for space accelerate even as e-commerce activity recedes to near-normal levels. 2020 outlook raised on market tightness.

Logistics REIT Prologis reports stronger than anticipated second quarter and raises outlook for the remainder of the year.

YRC loan called into question by Congressional Oversight Commission. YRC’s board may have had the same concerns with the company’s equity in 2019.

The Cass Freight Index recorded sequential improvement from May to June, but year-over-year declines remain large as truckload earnings season kicks off.

Asset sales in Comcar’s pre-packaged bankruptcy have hit a roadblock. Obstacles include questions on trailer titles and the sale of the business units to the former chairman, who still has an unsettled dispute with the company.