Into its second decade of existence, Daseke pumps the brakes on acquisitions and attempts to streamline all that it has bought.
Trucking Freight Futures continued to amble along sideways on Wednesday while still looking for some direction.
Record fourth quarter revenues were spoiled by $118 million in extra depreciation costs.
Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.
Recent changes in electronic logging device mandates put a hit on the company’s bottom line in 2019 — and probably in 2020.
Rush Enterprises Inc. (NASDAQ: RUSHA), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 […]
Acquisitions and strong less-than-truckload performance help bring record revenue to Mullen Group’s trucking and logistics business and offset declines from its struggling oil services.
Trucking Freight Futures forward curves point to a challenging rate environment for inbound and outbound Chicago freight.
Canadian e-commerce company sticks to measured approach to building out its U.S. fulfillment network after reporting nearly 50% jump in sales.
Truckload carrier heads talk demand, rates and capacity at investor conference.
Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.
The response from CEO Jacobs is always the same: Splitting it up will achieve better shareholder value.
Manic Monday for Trucking Freight Futures with ten of eleven markets lower.
North America propped up Daimler Trucks sales and earnings in 2019 as lower European and Asian volume, along with restructuring costs and settling emissions-cheating allegations dragged the industry leader’s results lower.
Proceeds could give Canada’s largest transportation company more firepower to pursue acquisitions as it prepares to make a big leap into capital markets south of the border.
Radiant Logistics reports a 25% slowdown in its last calendar quarter of 2019.
Many measures of activity were weaker but the bottom line improved.
Canadian transportation company delivers impressive performance in weak freight market as it finishes 2019 with 20% increase in operating income on strength of its truckload and logistics businesses.
Jim Blaze explores whether the Class 1 railroads are downsizing their railcar fleets.
A mixed Friday punctuated a mixed week for the Trucking Freight Futures markets.
Many freight and logistics providers have reported weak earnings in the past few weeks. Due to the current operating environment, these totals were expected and investors have begun buying into the second half recovery story.
J.B. Hunt announced that CFO David Mee will retire March 1. The company will fill the interim role internally until a permanent replacement is found.
Trucking Freight Futures continued their slow descent lower with another down session on Thursday.
FLEETCOR Technologies, Inc. (NYSE: FLT), a fuel-card and business-payments provider, announced fourth-quarter 2019 adjusted earnings per share (EPS) of $3.17, 14% higher year-over-year and $0.03 better than the consensus estimate. […]
Full year net income set a record; CEO speaks highly of rail operations
A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.
Company posts expected $8.6 million profit as intermodal helps offset declines from trucking and other divisions as new CEO looks to better performance in 2020.
Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.
Trucking Freight Futures finish Wednesday’s session sideways to lower as the overall market looks for a catalyst to provide direction.
U.S. Xpress sees a path to improved profitability in 2020 and beyond. These were just some of the highlights provided on the carrier’s earnings call.
It has become even harder to determine what the prevailing bulk ocean freight rate really is.
U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.
Persistent industrial weakness sends Old Dominion’s fourth-quarter results down
Werner’s management team is still pointing to a truckload recovery in 2020 but noted that the first half will be a challenge.
Echo protected its margins and issued positive guidance for Q1 and 2020.
“In some cases, a broker’s payment policy is more important than the rate it pays the carrier,” said Jason Kirkpatrick.
Outbound LAX Trucking Freight Futures drop on Tuesday, pushing the overall market lower.
The startup plans to triple its team size by the end of 2020.
Jim Blaze writes about the long, slow decline of coal as the key commodity for railroads, and whether plastics might replace the lost volume.
Data analytics startup ClearMetal pioneers continuous delivery experience (CDX) that enables logistics stakeholders to optimize supply chains and improve customer experience.
Manhattan Associates says demand for cloud-based supply chain services remains robust and led to a record peak season.
YRC posts weak fourth-quarter, hampered by bad economy
Engine maker Cummins already was predicting a difficult 2020 before the outbreak of the coronavirus in Wuhan, China, where Cummins’ manufacturing operations are shuttered.
February National Freight Futures open the month higher on Monday, driven by strength in South and West regions.
FreightWeb scores $3 million in seed funding; patent pending on new pallet technology
Power management company Eaton Corp. missed analyst estimates in the fourth quarter, partially because of weakness in the automotive sector and a $50 million warranty charge.
Emerge, a Scottsdale, Arizona-based digital freight marketplace, announced Tuesday it has closed a $20 million Series A financing led by NewRoad Capital Partners, a growth equity capital firm based in […]
Nippon Cargo Airlines’ parent company is taking a $144 million charge against earnings.
Trucking Freight Futures are mostly lower as the spot month contracts rolled from January 2020 to February 2020.
Saia’s q4 EPS comes in light. Operating income, operating ratio hit by higher expenses on multiple fronts
The message is now pretty clear: that the rule hasn’t hit markets yet doesn’t mean much.
What is a Freight Recession?
ArcBest posts down q4 results and January didn’t look much better
USA Truck’s shares fall after another earnings disappointment. New turnaround initiatives were quantified on the company’s conference call.
National Trucking Freight Futures rise on Thursday as outbound LAX lanes gain on Dry Van tender rejections.
Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.
The majority of executives expect growth exceeding 10% and are actively pursuing deals.
New technology, capital, and business models have changed the competitive landscape.
Digging into some of the most recent LMI components.
Too much Amazon traffic may spoil the Brown broth
Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.
USA Truck reports another worse-than-expected loss as it revamps the company.
Most key metrics were lower for the LTL carrier/brokerage company.
As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.
Amazon blows past analysts’ EPS estimates for q4
Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.
Tanker giant Euronav warns of fallout from coronavirus crisis.
Trucking Freight Futures end Wednesday little changed as lanes in the West continue to diverge.
Aptiv’s Q4 2019 U.S. revenue stood at $3.6 billion, a decrease of 1% year-over-year.
Volvo Group reported a significant jump in its fourth-quarter income, but truck orders and net sales declined compared with 2018 numbers.
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
UPS posts largely expected Q4 results as operating gains and nontax and after-tax charges cancel each other on the bottom line.
Head of giant independent refiner not surprised by lack of movement this early in the regulation.
The electric vehicle company expects more than half a million deliveries in 2020.
Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.
Boeing’s earnings and revenue failed to meet expectations, and the manufacturer revealed billions more in MAX-related costs.
UPS unveils a slew of products and services ahead of tomorrow’s fourth quarter results
Liners confront higher ship-lease rates at the very time fuel prices are spiking.
Trucking Freight Futures ended Tuesday’s session mixed with forward curves pointing to lower near-term rates.
Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.
Railroad giant Norfolk Southern Corp.’s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said. Norfolk Southern (NYSE: NSC) reported its operating and financial results for the […]
Wall Street reacts positively to a projection for the rest of the year.
Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.
Revenue gains for grain, energy, chemicals and plastics provide boost.
Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.
U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.
Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”
PACCAR is riding a comparatively low inventory of unsold trucks into 2020 as new orders and production in the first quarter are expected to be down 5-7%, the company told analysts following its report of record revenue and profits in 2019.
The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.
DAL to LAX continues to stumble as Freight Futures open mixed to lower
PACCAR overcame a slowdown in Class 8 truck orders to report record revenue and earnings in 2019, but fourth quarter results took a hit in both measures compared with a year ago.
Quarantines and factory shutdowns could deepen and extend the traditional Chinese New Year trough.
Analyst forecasts tough sledding for freight in first half of the year
Scorpio Bulkers on virus threat: Prepare for the worst and hope for the best
Dallas to Los Angeles futures (VDL) stumble in an otherwise positive week for Tucking Freight Futures.
The fourth quarter featured the largest bankruptcy in the five years Haynes & Boone have been keeping track.
This week marked the first of what looks to be a tough earnings season. See who reported over the past seven days.
FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.
Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November […]
Trucking Freight Futures continued to firm on Thursday as bullish fundamentals emerge.
