Convoy is looking to improve the contracted freight market for small carriers and shippers with forever-evolving freight needs.
Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.
J.B. Hunt Transport Services beat fourth-quarter expectations. Visibility into 2022 remains murky but management is calling for continued growth.
J.B. Hunt’s fourth quarter comes in ahead of consensus as the intermodal, brokerage and truckload divisions see notable year-over-year improvements.
Canada Cartage makes its fifth acquisition in the past year as it buys Quebec-based dedicated contract carrier Laurentien Transportation.
Schneider became the latest truckload carrier to bolt on a fleet. The company announced Tuesday the $263 million acquisition of dedicated carrier Midwest Logistics Systems.
J.B. Hunt Transport Services sidesteps disruption throughout the transportation network to beat analysts’ forecasts.
The Omaha, Nebraska-based transportation and logistics provider reported second-quarter adjusted earnings of 86 cents per share.
Appearing at an investor conference, J.B. Hunt CEO John Roberts said this year’s intermodal bid season will go a long way in determining whether the company curtails the division’s margin target.
J.B. Hunt Transport Services’ fourth quarter came in better than expected. However, the company said it was reviewing long-term margin targets across all segments. Intermodal margin forecasts may be reduced but other units could see upward revisions.
J.B. Hunt Transport Services’ fourth quarter outpaces analysts’ forecasts. Brokerage, truck and final-mile divisions benefit from revenue surge.
U.S. Xpress announced Monday that Jake Lawson has joined as chief commercial officer and Justin Harness will head the dedicated division.
Penske Logistics plans to acquire Black Horse Carriers, a Chicago-based trucking company with more than 2,000 vehicles and 4,000 employees.
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.
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.
Smaller carriers and owner-operators no longer have to spend hours searching for freight now that Convoy allows them to bid on dedicated freight lanes.
Truckload and transportation companies talk freight markets ahead of reopening with some calling a market bottom in April as spot rates remain below breakeven.
The J.B. Hunt first-quarter conference call provided a mixed bag of anecdotes. While concerns mount over economic disruption, the company has some offsets.
J.B. Hunt’s first quarter results, while slightly below consensus, were likely not as bad as feared. The company’s outlook provided on its earnings call will be the takeaway.
U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.
Covenant Transportation continues to reallocate equipment to units with a lower risk profile like dedicated.
Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
J.B. Hunt’s fourth quarter call addresses some challenges facing its brokerage and intermodal businesses.
J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.
Vice president of operations explains what keeps PTI at the industry forefront.
