Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking markets, domestically and abroad.

Roadrunner’s third quarter earnings report resembled a triage list indicating that the company’s restructuring path will be a bumpy one.

Titanium Transportation Group sees weaker trends in the quarter, but manages to post a modest profit.

The October Logistics Managers’ Index hits record low, suggesting peak shipping season may disappoint.

Roadrunner continues to restructure its operations by shuttering another unit. The company announced that it was selling its intermodal operations to Universal Logistics.

Uber Freight sees loads more than double on a year-over-year basis, but the division’s losses increased as well. Investors will now likely mull over these results as the company’s stock lock-up expiration approaches.

U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.

Add USA Truck to the list of carriers finding themselves struggling to find their way in a soft freight market. The carrier found itself forced into the spot market to find freight for its trucks after making an acquisition just a year ago.

With the bulk of its final mile business shuttered and its tractor fleet right-sized, management believes that the company is on solid footing to see improvement in 2020.

FreightCar America sees net loss more than double as it navigates the downside of railcar demand. The company’s cost restructuring remains on track.

While Hub Group reported a
good quarter, its near-term outlook is pretty rough. In short, Hub Group doesn’t see a peak season coming in 2019.

Heartland Express continues to perform. The carrier posts another solid quarter in the face of a “softer” environment.

Orbcomm, Inc. (NASDAQ: ORBC) sees its shares sell off after its quarterly report. The company’s transition to subscription service, and the accompanying delay in revenue, appears to be weighing on investor sentiment.

J.B. Hunt Transport Services reports earnings light of expectations, but cost headwinds from digital platform transformation appear to be the primary culprits.

P.A.M. Transportation Services calls out GM strike as the primary reason the carrier failed to meet earnings expectations.

Knight-Swift Transportation lowered its third and fourth quarter 2019 guidance amid intermodal and truckload woes. However, some analysts find this as a reason to celebrate.

The Logistics Managers’ Index (LMI) remained level in September. Trends in the capacity index were in-line with truckload capacity coming out of the market. However, inventory build ahead of peak season appears to be light.

Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that the index is “signaling an economic contraction.”

Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.

Carloads on the railroads remained under water in the first week of the fourth quarter 2019. Intermodal weakness will be in the spotlight as third quarter earnings season approaches.

Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many publicly traded transportation companies.

Transplace announced continued improvements in its payment processing platform. Through its ongoing collaboration with TriumphPay and Bank of America, the company said that continued progress is being made in improving speed, security and accuracy of payment processing on its platform.

TriumphPay announced that it has entered into a new partnership with U.S. Xpress to provide the company with real-time visibility into its brokerage payment services.

Heading into earnings season, the railroads clearly have a revenue headwind as carloads declined again in the latest week.

Meritor, Inc. announced that it is laying off employees across the entire company in response to declining global truck and trailer demand.

U.S. Xpress announced that it has amended its credit facility to provide the company with a little more flexibility on its financial covenants as an act of prudence.

Universal Logistics reported that it has agreed to a $36 million settlement for an accident that involved a “marginal driver.”

The Canadian class I railroads outlined a number of growth opportunities at an investor conference. Intermodal capacity expansion at the ports and grain delays provided the big takeaways.

Satellite-based data and analytics provider, Spire Global, announced that it has received over $40 million in a new round of funding.

Several governments, organizations and transportation companies have worked together to patch a badly disrupted supply chain in efforts to improve the flow of supplies in the Bahamas.

Norfolk Southern announced that Claude Mongeau has been elected as a director. The former Canadian National Railway head may be viewed as an effort to improve PSR initiatives or to explore potential opportunities to partner with other Class I railroads.

FreightCar America entered a joint venture to build a new manufacturing facility in Mexico as part of its cost improvement initiative.

A recent polling of business leaders regarding future plans for capital investment declined sequentially in the third quarter. Capital investments traditionally lead to future freight demand and have been a meaningful contributor to recent economic expansion in the U.S.

Project44’s new truckload tendering capability allows users to secure quotes without having to maneuver outside of their transportation management system.

Radiant Logistics, reported several records for fiscal 2019, but the company would most like to make an acquisition or two.

Werner has seen freight fundamentals improve recently and is expecting the truck market to tighten as new regulation is implemented.

Two of the nation’s largest truckload carriers said they are seeing green shoots in freight demand.

Landstar System warns on earnings due to a “tragic vehicular accident” and weaker than anticipated market conditions.

YRC Worldwide announces new debt financing agreement. The latest step in it’s latest restructuring.

The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.

Roadrunner Transportation Systems announced that it has found a replacement for its chief financial officer role as the restructuring continues.

Roll-on, roll-off cargo vessel Golden Ray capsized early Sunday morning, Sept. 8, leaving the Port of Brunswick with 24 crewmembers aboard. Search continues for four missing members.

Trinity Industries announced that Chief Executive Officer and President Timothy R. Wallace plans to retire as soon as a replacement is found.

While management teams at some of the nation’s largest TL carriers have been talking up the potential for a solid peak shipping season, Universal Logistics has seen peak season sentiment move the opposite direction.

Daseke eliminates the role of president as it increases and accelerates its cost savings initiatives. The company will continue to search for a new CEO and begin looking for a new CFO.

With rail traffic lower year-over-year and PSR initiatives in full swing, it’s understandable that soft railcar demand attracted attention at an investor conference.

The outlook from JBHT was notably better than the concern around the lack of an uptick in seasonal demand that many carriers expressed at multiple investor conferences in May and June.

2019’s unfavorable operating environment claims another truckload carrier.

Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.

Fed policy talk and China’s retaliatory tariffs couldn’t spook the markets. It was the President’s tweets that sent the markets into a tailspin. With tariff increases on the horizon, we can be somewhat certain that more uncertainty and volatility will likely ensue for the transportation stocks.

Qantas announces a test program to fly nonstop from New York and London to Sydney. This long-haul flight may also present cargo opportunities.

Cathay Pacific expects “a much more significant impact” to revenue in August as recent unrest in Hong Kong will likely weigh on its financial results.

Target provides an optimistic shot in the arm as the mega-retailer reports a strong quarterly performance and raises its full-year outlook.

The nation’s largest logistics warehouse owner, operator and developer bolsters its Los Angeles portfolio with an increasingly difficult find.

Avianca continues to dispose of aircraft during its financial restructuring.

Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.

Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.

Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.

The transformation continues at Celadon Trucking with former Swift Transportation chief taking the helm.

Americold Realty Trust sees favorable refrigerated warehouse supply and demand dynamics continuing.

Cathay Pacific Airways has suspended a pilot that was charged with rioting at a protest in Hong Kong. The airline will also comply with new Chinese aviation demands.

21 Air has been cleared for takeoff by the Department of Transportation for air cargo service between the U.S. and Mexico.

Uber’s second quarter as a public company saw a loss much worse than the consensus estimate. Revenue increased significantly at Uber Freight, so did the losses.

Old Dominion reported continued LTL volume weakness in July. Near-term volume relief may be hard to come by as domestic and global macroeconomic trends remain tepid.

Lyft reported revenue well ahead of estimates and commented that continued improvement in market conditions, which may mean lower rider discounts and an easing competitive landscape, prompted the improvement in guidance.

Roadrunner Transportation Systems reports another large operating loss and announces that it will narrow its focus to its logistics and asset-light LTL segments.

Fleetcor modestly raises earnings guidance and says the acquisition pipeline has a couple of likely deals in the fuel, corporate payments and lodging segments.

Daseke lowers its full-year 2019 outlook citing worse than expected results in its flatbed division.

U.S. Xpress sees a tough second quarter, but expects industry fundamentals to firm as excess capacity exits the market.

Schneider National sees “less favorable” trends continuing into the back half of 2019. The company lowered guidance and announced the closure of its First to Final Mile business.

Celadon’s turnaround gets a shot in the arm with a new three-year financing agreement.

Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.

Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”

Werner’s second quarter was $0.01 light of consensus and the company lowered its pricing forecast for the rest of 2019.

Landstar missed the bottom-end of its guidance range as expected. The company sees weakness in truckload fundamentals continuing through the third quarter.

Covenant released earnings results in-line with its previously lowered expectations as it seeks “predictability” in its operations for the remainder of 2019.

Knight-Swift reported results within its recently lowered guidance range and doubled down on its estimation that the TL capacity correction is underway.

Manhattan Associates stock pops on an earnings beat and a guidance raise. Management brushed back concerns around tariffs, Brexit and other potential geo-political concerns as potential risks to its new targets.

The clean balance sheet and deteriorating fundamentals in the TL space that could force some carriers to look for the exit begs the question, ‘will we see Heartland become acquisitive again?’

Panalpina’s worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out.

The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers finally waving the white flag and acknowledging that 2019 will be a struggle.

Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.

Logistics real estate company Prologis, Inc. acquires 37.5 million square feet in $4 billion deal.

The Cass Freight Index Report offers two questions. “Has economic contraction already begun? Will GDP be negative in Q2?”

P.A.M. Transportation Services reported “best second quarter operating income on record”, but signaled future margins may be challenged.

Daimler provides lower financial guidance for the second time in less than a month.

U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.

The freight forwarder joins a list of ocean carriers implementing surcharges that includes Maersk, Hapag-Lloyd, MSC, CMA CGM and APL.

Cummins Inc. announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend.

Panalpina announced a war risk surcharge in response to increased insurance expense for shipments moving through the Strait of Hormuz.

Rail volumes were off again for the week ending June 29, 2019 with U.S. railroads reporting a 5.5 percent decline.

Two large private carriers are set to combine in a $2 billion deal that rebalances the food and beverage distribution landscape.

Canadian National announced record western Canadian grain shipments and a C$210 million investment to support exports.

GBX management explains soft guidance and provides outlook for sequential earnings improvement.

Volkswagen’s spinoff of its heavy-truck unit TRATON paves the way for it to pursue Navistar further.

GWR acquired in $8.4 billion deal that many investors view as the plan all along.

Celadon Group announces a credit facility amendment which extends the maturity date and increases lending capacity.

It’s been a difficult road for Roadrunner to say the least. The company announces CFO departure.

TRATON’s shares open at 27 euros, the low-end of the deal range, and immediately fell below that price.

WABCO announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen.