From booze to fries, signs of consumer demand weakness multiplying
A number of consumer-facing companies have pointed to intensifying spending weakness during Q2 earnings season.
A number of consumer-facing companies have pointed to intensifying spending weakness during Q2 earnings season.
The 3rd-largest North American containerboard and box producer, Packaging Corp. of America, reported an eye-opening 10% box shipment decline.
San Francisco-based Loop wants to simplify logistics payments through a fundamentally different approach to technology.
Many brands don’t have the know-how on inventory turnover and what their rates mean in the long term. But ShipBob believes it may have the answers.
Developing the next generation of liquidity and velocity of payments in the supply chain will require lesson from across other industries.
“I think there are a lot of barriers that keep ladies out of finance and freight. It usually starts with ‘can’t.’ Do what you want to do. Don’t listen to the ‘can’t.’” Westjohn said.
Amazon Freight, the e-commerce giant’s trucking arm, is giving freight brokers 3% or 5% back per load through a partnership with American Express.
In this edition, Fontinalis partner Chris Stallman describes his life-long passion for finance and his favorite 2022 FreightTech themes.
A commonly seen financial term — earnings before interest, taxes, depreciation and amortization (EBITDA) — and why it’s used is explained.
Prologis seeks to sell the largest-ever warehouse portfolio in the U.K. The deal is reported to include 22 properties valued at more than $500 million.
Andrew and Kevin are joined by FreightWaves Lead Economist Anthony Smith to discuss whether the housing market can continue its recovery and lead us out of economic slowdown. Then we […]
Canadian environmental services company Aevitas adds flatbed fleet with the acquisition of Fast Lane Freight Services.
On EP22, Kevin and Andrew discuss the inevitable accounts receivable risk incoming in the transportation industry with Peter Rentschler from CarrierDirect. Andrew introduces a new segment and expectations are set […]
This week marked the first of what looks to be a tough earnings season. See who reported over the past seven days.
France-based contract logistics provider ID Logistics Group SA gains access to a U.S. e-commerce platform in its acquisition of Jagged Peak.
Daseke, Inc. reports a large loss amid operational restructuring and weaker flatbed demand. The company announces new initiatives as its reorganization continues.
Roadrunner’s third quarter earnings report resembled a triage list indicating that the company’s restructuring path will be a bumpy one.
Covenant blames weak freight environment for drop in revenue and net income in third quarter 2019.
France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.
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.
Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.
Radiant Logistics, reported several records for fiscal 2019, but the company would most like to make an acquisition or two.
Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.
Americold Realty Trust sees favorable refrigerated warehouse supply and demand dynamics continuing.
Cathay Pacific is the latest in a string of airlines to cite trade tensions as the reason for plummeting cargo segments.
This is AIT’s third acquisition in the past year.
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.
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.
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?’
The railcar leasing company posted diluted earnings per share (EPS) of $1.86, up from $1.01 in the second quarter of 2018
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.
P.A.M. Transportation Services reported “best second quarter operating income on record”, but signaled future margins may be challenged.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
Cummins Inc. announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend.
GBX management explains soft guidance and provides outlook for sequential earnings improvement.
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.
WABCO announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen.
Donald Broughton writes the second part of his look at the Gross Domestic Product (GDP) and how transportation professionals can tweak GDP numbers to better understand and forecast the business environment they are competing in.
Daimler AG announced a “high-three digit million” hit to second quarter 2019 earnings related to ongoing expenses to remedy its diesel emissions woes.
Forward Air Corp. lowered its second quarter 2019 earnings expectation due to a $5 million accident claim reserve recorded in the quarter.
On its earnings call, NAV walked through its earnings outperformance and provided some highlights on the business and its increased guidance.
Navistar reported adjusted earnings per share of $1.06, $0.18 higher than the consensus estimate and raised its 2019 guidance.
While the degradation was seen across most sectors, the transports are seeing outsized declines.
Other Bets revenue, primarily consisting of Uber Freight, increased 263 percent year-over-year to $145 million.
Celadon entered into the seventeenth amendment of its credit facility to provide the company with liquidity through June 28, 2019.
The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.
The retail giant’s U.S. same-store sales were up 3.4 percent, its highest first-quarter results in nine years and fourth consecutive quarter over 3 percent.
Werner announced a special cash dividend of $3.75. WERN’s last special dividend was $1.50 per share in 2012.
Navistar was up 3 percent on Monday, May 13, 2019 and is up more than 8 percent in Tuesday’s trading.
When Paul Svindland took over as CEO of Celadon Group (OTCPink: CGIP) in the summer of 2017, he was stepping into an operation that had been riddled with financial concerns […]
Long thought of as a global exchange company for buying and selling securities, Nasdaq has used its marketplace expertise and technology knowhow to leverage itself into a partner and provider […]
At the same time Wall Street investors are shunning ship owners, European banks are pulling back on providing debt to ocean shipping. What are the short- and long-term implications for freight markets?
Uber released its S-1 filing after the market close, placing in on track to go public with its anticipated May IPO.
A U.S. trustee has asked the U.S. Bankruptcy Court to appoint a Chapter 11 trustee to oversee the operations of IPS Worldwide.