ATA economist Bob Costello cites macroeconomic “return to normalcy” as a promising sign for trucking amid stagflation and private fleet growth.
Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.
Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.
Werner’s Q2 earnings saw worsening financial conditions but improving freight market conditions and signs of capacity tightening.
Knight-Swift announced its third less-than-truckload acquisition on Tuesday, purchasing Los Angeles-based Dependable Highway Express for an undisclosed sum.
Regulators pushing to make the electric truck transition go faster are getting pushback from a range of industry stakeholders.
Recent reports from Ryder System and Knight-Swift highlight significant total cost of ownership and poor range for electric trucks.
The bleak first quarter of 2024 looks much like 2023 for freight brokerages.
Pam Transportation Services joined other carriers Thursday, reporting a poor start to 2024.
J.B. Hunt and Knight-Swift reported higher pressure from customers to cut contracted rates in Q1 bids in an effort to extend savings before the market’s eventual turnaround.
First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.
Knight-Swift President and CEO David Jackson stepped down Tuesday after a nearly 24-year tenure at the company that saw many mergers and acquisitions, including an expansion into the LTL market.
2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.
Knight-Swift Transportation beat lowered third-quarter expectations Thursday and said the market appears close to a tipping point.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
The partnerships with the two truck carriers for intermodal service will create new business opportunities for all three companies, CPKC officials said during the company’s first-quarter 2023 earnings call.
Canadian Pacific Kansas City railroad announced a deal with Knight-Swift Transportation to provide intermodal capacity for a Mexico-to-Chicago train.
Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.
Knight-Swift Transportation said it’s not backing away from M&A opportunities following its $808 million purchase of truckload carrier U.S. Xpress.
La adquisición de U.S. Xpress por 808 millones de dólares no frenará sus planes de crecimiento
Los accionistas de USX ven finalmente un retorno desde los mínimos recientes; KNX ve una oportunidad significativa de aumentar OR en los próximos años
The deal to sell itself to Knight-Swift ends a struggle at U.S. Xpress that lasted several years and included the failed Variant initiative.
In a first-quarter earnings preview, Deutsche Bank analyst Amit Mehrotra said he expects an in-line type quarter but voiced some concerns.
A plan to allow 18-to-20-year-old truck drivers to haul interstate cargo got a sharp rebuttal at the Truckload Carriers Association (TCA) conference by Knight-Swift President and CEO David Jackson. The plan was conceived as a way to address the driver shortage and is strongly supported by the Biden administration and the American Trucking Associations (ATA).
Knight-Swift Transportation’s 2023 outlook comes in as expected, potentially establishing a higher earnings trough for the carrier.
As valuations of SPAC-backed startups plummet, one autonomous trucking developer that avoided the FOMO and stayed private is thriving.
Los transportadores dicen que la demanda de la temporada alta, los proyectos de carga, “nada de eso se materializó
Truckload carriers prepare for the other side of the freight boom.
Most of the commentary from management teams is pessimistic about the macroeconomy.
Knight-Swift Transportation missed analysts’ forecasts for the third quarter and dialed down expectations over the near term.
‘En las próximas 4 semanas sabremos qué teoría es la correcta’
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.
Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.
Knight-Swift Transportation reported another big quarterly result Wednesday. However, it appears the stretch of rapid growth will moderate as the comps have stiffened.
The Top 500 list of the largest U.S.-based for-hire trucking fleets is ranked on the basis of tractor count.
Stephens investment conference trucking equipment highlights Supply chain challenges were the main focus at the Stephens annual investment conference earlier this month in Nashville, Tennessee. Executives said driver recruiting and […]
Knight-Swift adds to its less-than-truckload offering with the acquisition of Midwest Motor Express. Investors continue to see the value in owning LTL assets.
Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.
With 14,200 reservations for its autonomous trucking software, Embark Trucks predicts it will surpass the first-year revenue target.
Small carriers are opting to bring only a power unit to a brokered transaction.
Iron Truck Services aims to give smaller fleets affordable access to services such as insurance, equipment maintenance, fuel purchasing, truck sales and rentals.
Embark Trucks will use BYD electric trucks to cover 50 miles of HP printer loads, while its autonomous tractors take the middle segment.
A group of former Knight-Swift logistics leaders is building something new in Arizona.
Knight-Swift’s acquisition highlights the LTL industry’s sweet spot in the e-commerce supply chain, says a noted consultant.
High barriers are a deterrent to starting a less-than-truckload operation. Knight-Swift’s recent acquisition sheds some light on the value in owning assets in the space.
Trucking companies will need to become more strategic about recruitment in the future. Those not willing to change will have difficulty finding drivers.
The latest increase raises the question: Are we nearing the end of the cycle of increases or just kicking off yet another one?
In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.
In today’s edition of The Daily Dash, Landstar sees a cooling freight market in the second half of 2021. Plus, the Biden administration may consider regulating driver detention, and Werner sells its freight forwarding business.
In today’s edition of The Daily Dash, we explore the relationship between TFI International and the unionized LTL carrier UPS Freight. Plus, earnings have started in earnest and so far, so good.
Knight-Swift, Arrive Logistics, and Uber Freight have three different approaches to drop-freight solutions.
Major trucking companies have warned of capacity shakeout.
In today’s edition of The Daily Dash, autonomous-truck startup TuSimple may not be meeting revenue projections, Knight-Swift reports strong Q2 earnings, and a driver misclassification suit against New Prime reaches a $28 million conclusion.
Several other companies cited in overall bullish report
The second quarter could finish with a bang for trucking stocks.
Anthony and Zach break down the Knight-Swift and Heartland earnings; slowing decline of freight rates and volumes and what the rise in imports mean for the recovery.
Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.
Ware2Go is providing free logistical support to a New York City non-profit donating PPE supplies to medical workers. Plus, Cass Freight Index tumbles, oil prices continue to fall and airline stimulus funds hit a snag.
Most companies are right near the 25% decline in the market since February 1.
Will capacity tighten and raise rates, or will volumes evaporate and crash them again?
Every FreightWaves article is designed to assist our readers in becoming the most informed professionals in the transportation and logistics industry. These articles may have flown under your radar this week. […]
Knight-Swift Logistics will be part of a pilot program that will test DAT Solutions’ new Book Now automated freight tendering solution.
Today, Kevin and Andrew have two special guests: Bill Vitti, chief commercial officer of Truckstop, explains the recently announced partnership with Knight-Swift; then Peter Rentschler from Carrier Direct discusses his […]
Wall Street reacts positively to a projection for the rest of the year.
Company cites “staggering costs” after 2016 request went unanswered.
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.
Intermodal was a particularly weak spot; OR at Swift a concern to Deutsche
But a lot depends on stabilizing global growth and an industrial recovery in the United States.
Rates and rejections into the Southeast are elevated as trailers and tractors are staged for disaster relief.
New categories to be added to types of crashes deemed “not preventable.”
Companies that build a dedicated M&A program return more value to shareholders.
Knight-Swift reported results within its recently lowered guidance range and doubled down on its estimation that the TL capacity correction is underway.
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.
Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.
Maximum limit would be required for new and existing trucks weighing over 26,000 lbs.
2019 is shaping up to be the worst year for trucking in the past five years.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
Input from transportation partners shaped food giant’s distribution centers, with the aim of keeping drivers there are little as possible.
The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.
The Trucking Alliance urges action on federal hair-testing guidelines
Truckload carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows.
Knight-Swift Transportation reported adjusted earnings per share that were ahead of analysts’ expectations. FreightWaves was able to speak with David A. Jackson, Knight-Swift Transportation’s President and Chief Executive Officer.
Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) reported first quarter 2019 adjusted earnings of $0.55 per share compared to analysts’ expectations of $0.52 per share.
FedEx Freight, J.B. Hunt, Schneider National among companies with the most non-preventable accidents identified so far by FMCSA.
Covenant Transport is the first enterprise carrier to lower guidance for Q1 on a numbers of headwinds, none of which are macroeconomic—yet.
10-year old lawsuit is win for contractors but driver classification issue remains largely unsettled.
Marten Transport and other public truckload companies could make a good stock investment if historical trends hold, says an analyst from Stephens.
Speed limiter regulations sat idling under Bush and Obama, so truck safety groups now look to Congress – and Trump – to put it in gear.
The operating ratio in every trucking segment of the company was improved and its outlook for 2019 is solid also.
Investors may be starting to come around to the idea that truckload carriers have another year of strong margins ahead of them.
The company’s stock took it on the chin for much of 2018 but the company said it had a strong fourth quarter.
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.
Initiative aims to keep good but rejected food out of landfills and onto plates.
Investment bank Stifel Nicolaus (NYSE: SF) thinks that publicly-traded truckload stocks are now an attractive buy, with higher earnings available at reasonable valuations. That’s just one takeaway from a raft of research released this week by Stifel and Morgan Stanley (NYSE: MS) as the banks look forward to what next year holds for transportation.
The Swift program will offer courses through Southern New Hampshire University.
Also today: going to jail for bogus CDLs; ecommerce driving the Canada Post labor dispute.
Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.
There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.
Knight-Swift Transportation reported strong earnings on Wednesday, and it was immediately met with praise from Morgan Stanley analyst Ravi Shanker, who wrote in a note that the company’s stock is a “relative buy, at worst, in our view.”
The investment bank issued a report this morning calling for one more spot rate peak in the fourth quarter, followed by a softer 2019 that should still be 12% above the 2012-7 cycle. New price targets were also issued.
