Finance

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.

The railroad eyes slight volume growth in 2020 amid plans for longer trains and reduced headcount.

Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.

Intermodal struggled while Brokerage also has a strong period.

Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.

Spare aircraft engine dispositions stave off weakened demand for railcars in North America.

Procter & Gamble (NYSE: PG) released its fiscal year 2020 second-quarter results ahead of the opening bell on Thursday. The Cincinnati-based consumer products giant reported $18.2 billion in quarterly sales, […]

National Trucking Freight Futures rise on Wednesday as the East region regains some luster.

Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.

Net income falls in the fourth quarter amid a decline in operating revenue and a decrease in rail volumes.

US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.

Strength in the West region nudges National Trucking Freight Futures higher on Tuesday.

Prologis posts solid 2019 results, hikes 2020 guidance

Darren Prokop writes about international trade and the World Trade Organization. Are disputes among member countries being handled correctly?

Asset quality mostly improved but net interest margin compressed by 62 bps.

The World Economic Forum opened today. Climate change is the most-feared risk of respondents to a WEF poll. Brian Aoaeh comments that disruption of global supply chains is the real fear.

Trucking Freight Futures markets were closed on Monday; Futures forward curves point to flat year-over-year rates.

We gear up into this frigid week with a wild ride of headlines and industry updates. First, some bad news: a fatal shooting at a family-owned trucking company in San […]

A mixed trading session on Friday capped a bearish week for the Trucking Freight Futures market.

We gear down into the backhaul of our week with news of a headline glitch. Starting early Thursday, small-business truckers who rely on the spot market began reporting problems logging […]

Service improvements will help grow rail volumes and revenue, the company said during its fourth-quarter earnings call Friday.

J.B. Hunt’s fourth quarter call addresses some challenges facing its brokerage and intermodal businesses.

Thursday’s National Trucking Freight Futures forward curve points to softness in spot rates through February 2020.

Coal declines and a still sluggish industrial economy could put pressure on revenue this year. Still, CSX sees upside potential for intermodal and merchandise volumes.

The Nolan Transportation Group and Transportation Insight roll-up continues apace.

J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.

With an impending breakup of the company, XPO Logistics will look like a far different company as the century’s third decade dawns.

National Trucking Freight Futures fall again on Wednesday under the weight of weakness in the East.

XPO may be on verge of breaking itself as it says it will explore sale or spin off up to 4 business units

There are still some down times ahead but Susquehanna sees the ground being laid for an upturn.

Market Expert Anthony Smith provides insight into the all-important housing market as 2020 gets underway.

Trucking Freight Futures remain lower after Tuesday’s session with LAX to SEA (VLS) the lone bright spot.

What does it mean to be “energy independent?” The President of the United States thinks the country is there now. On this week’s Drilling Deep podcast, host John Kingston talks […]

Jim Blaze profiles TTX, a company that is essential to the railroad industry.

Trucking Freight Futures open the week lower on Monday as SEA to LAX (VSL) continues to slide.

Operating revenue for cargo operations at Delta Air Lines fell 13% for the fourth quarter ($187 million) and the full year ($753 million) compared to the same periods in 2018, […]

The companies share a vision of network optimization through continuous moves.

Tanker rates haven’t shot up further on new Iran tensions, yet they remain extremely high.

Trucking Freight Futures recap for the week ending Friday, January 10, 2020: East region strengthens; West and South regions weaken

Universal Logistics Holdings names current head of transportation Tim Phillips as its new CEO. Phillips succeeds former CEO Jeff Rogers who “separated” from the company on Friday.

Seth Holm of FreightWaves Freight Intel Group writes about the impact of nuclear verdicts on the trucking industry. Will 2020 be a tipping point for these huge awards?

The principles of Environmental/Social/Governance are going to be a factor in the future, according to Morgan Stanley

Happy top of the weekend! Thanks for making us a part of the backhaul of your week, and boy do we have some news for you. First, we hit the […]

Chicago to Atlanta (VCA) Trucking Freight Futures show strength on Thursday in an otherwise mixed market.

Trucking Freight Futures mostly stable on Wednesday with SEA to LAX under downward pressure.

Trucking Freight Futures quietly post mixed results for second consecutive day on Tuesday.

Trucking Freight Futures are mainly mixed to start the week on Monday.

Outlook for future improvement to earnings is still hazy as Morgan Stanley analyst lowers fourth-quarter estimates for most transportation companies.

We kick off the week with headlines involving major trucking crashes in Pennsylvania and Indiana, the Drug & Alcohol Clearinghouse websites opening day struggles. Don’t worry, though, if you’re trying […]

January Trucking Freight Futures soar as a busy and volatile week comes to an end.

The overall GDP number is not very useful when looking for insight into freight conditions in the economy. The U.S. economy is dominated by the service sector, which includes segments like healthcare, education and financial services. These areas make up over half of all of the economic activity in the U.S., but do not play a significant role in freight movements in the economy. As a result, as long as the service sector is healthy, the U.S. economy can continue to grow even if the production and transportation of goods is stalling.

Trucking Freight Futures rally on Thursday in first trading session of 2020 after the December 2019/January 2020 spot contract roll.

December Trucking Freight Futures contracts higher at expiration as January spot contracts “roll” in significantly lower.

With the acquisition of RDI Last Mile Co., J.B. Hunt’s Final Mile Services group will have 104 locations and 3.2 million square feet of warehouse space.

Market Expert Anthony Smith writes about the factors that will affect the U.S. economy in 2020 and what that willl mean for business.

In an abbreviated trading week, volatility returned to the Trucking Freight Futures markets.

NFI continues its consolidation of the drayage market, this time with a Southeast-concentrated trucking carrier and a large trailer pool.

FreightWaves founder and CEO Craig Fuller writes about the issues the trucking industry dealt with in 2019 and what is ahead in 2020.

Chicago to Atlanta Trucking Freight Futures continue to rise on Thursday while Philadelphia to Chicago futures tumble.

National Futures continue climb on Monday with the Chicago to Atlanta contract surging 2.7%.

Drilling Deep podcast host John Kingston joins with his colleague FreightWaves Finance Editor Todd Maiden to discuss how the trucking industry did on Wall Street during this past year. What […]

A mostly higher trading session on Friday caps off a strong week for Trucking Freight Futures.

An early Christmas gift for the electric truck maker marks the company’s fourth investment announcement this year.

First, we hit you with some of the latest headlines. Heniff Transportation and Superior Bulk Logistics are set to merge. Ohio-based GDS Express abruptly ceases operations. Rising wrestling star, Matt […]

National tender rejections drive the spot National Futures contract higher on Thursday.

Jim Blaze writes about the financial issues inherent in an Alaska-to-Alberta rail route.

The biggest truckload carrier in the U.S. Knight-Swift cuts its fourth quarter 2019 earnings outlook again. The company plans to “revise” its first quarter 2020 guidance in January.

Trucking Freight Futures were higher Wednesday on a broad market rally.

For many people around the world, celebrating the holidays involves sharing food with family and friends. As we approach the holidays to celebrate the end of 2019 and the beginning […]

Trade flow powers Philadelphia to Chicago Futures contract 6.6% higher on Tuesday.

Railroad market voice Jim Blaze writes about technological advances that are making railroads’ capital expenditures on infrastructure more efficient.

Plunge in vehicle and auto parts shipments drive broader softness as manufacturing sales drop 0.7% in October.

Calm and quiet ruled the day on Monday in the Trucking Freight Futures markets.

Navistar will cut 10% of its worldwide workforce even as it gained market share for the third consecutive year.

A quiet Friday caps a relatively strong week for Trucking Freight Futures.

One year after a sharply negative report sent shares plunging, XPO stock has more than recovered

Spot National Trucking Freight Futures contract holds steady at $1.503 during quiet Thursday trading session.

Morgan Stanley eyeing truck capacity constraints and higher rates in 2020, potentially reaching 2018 levels or higher.

Trucking Freight Futures notch fourth consecutive session of gains on Wednesday.

National Trucking Freight Futures contract crosses “resistance point” on Tuesday due to strength in the East.

Trucking Freight Futures were quiet on Monday with the LAX to SEA lane in focus.

Warehousing employment grew at an 8% CAGR from 2011-8, but slowed to 2.7% this year.