Universal Logistics saw improvement across all of its asset-light segments during the first quarter. Its updated guidance may prove conservative.
Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.
Management from flatbed provider Daseke said April was “strong,” a continuation of the better-than-expected performance it recorded in the first quarter.
Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.
Forward Air beat first-quarter expectations and pulled forward 2023 financial targets by a full year.
Management from Landstar System is predicting “another great year” even as spot market fundamentals loosen.
Knight-Swift Transportation lays out a thesis showing how large carriers will navigate a potential downturn considerably better than small fleets.
Logistics real estate heavyweight Prologis beat first-quarter expectations and raised full-year 2022 guidance on Tuesday.
Management from cold storage warehouse operator Americold addresses concerns about decelerating trends and a soft 2022 outlook.
Universal Logistics inks a record year despite challenges. Implied 2022 earnings guidance surprises to the upside by 20%.
A.P. Moller – Maersk announced the $1.8 billion acquisition of U.S. forwarder Pilot Freight Services. The deal is the company’s latest move in building out a land-based logistics network.
Werner Enterprises beat fourth-quarter expectations and announced plans to grow revenue by 10% on average over the next five years.
Less-than-truckload carrier Old Dominion raised its long-term margin target when it released better-than-expected fourth-quarter earnings Wednesday.
Freight broker Landstar closes 2021 with another beat-and-raise quarter. Demand has yet to buck normal seasonal trends, indicating the first quarter will be strong as well.
Knight-Swift Transportation reported another big quarterly result Wednesday. However, it appears the stretch of rapid growth will moderate as the comps have stiffened.
Management from the nation’s largest flatbed operator, Daseke, says the demand backlog extends for “the foreseeable future.”
Prologis provided better-than-expected 2022 guidance on Wednesday, citing the expectation that demand will continue to outpace logistics real estate additions during the year.
