A hearing at the Surface Transportation Board raised hard questions that could influence the trajectory of the freight rail industry.
Carrier Perspective: State of the Industry
This AskWaves column explains why investors and other transportation stakeholders look at operating ratio as a way to gauge a company’s financial health.
Capacity is historically tight in trucking, pushing spot rates and profit margins higher. How much of this momentum will carriers be able to maintain?
“The most critical commodity we trade in with drivers today is hours,” said Norm Thomas of Powerfleet.
2019 has been more challenging for trucking companies than any other non-recession year. Here is why.
ArcBest posted flat to down second quarter results as a weak LTL macro environment and too much truckload capacity hit its two main units.
Old Dominion posts record q2 results as cost management offsets weak demand
“You’ve heard me say this many, many times – we’re not going to use the lack of volume as an excuse not to make aggressive achievements on our productivity,” Union Pacific chief financial officer Rob Knight said.
While operational efficiencies get the credit for a freight railroad’s improved operating ratio, other factors, such as changes in fuel prices and increases in freight rates, play significant roles according to a research paper by a law firm representing shippers in Canada.
CEO Gantt lowered capex guidance by $10 million to $480 million, likely reflecting top line headwinds, but we’re waiting to hear updated revenue guidance in the conference call.
USX shifted its fleet away from over-the-road toward dedicated and lowered its adjusted operating ratio to 92.5%.
Carrier operating ratios continue to fall in October with a less volatile freight market.
On today’s episode, George Abernathy, Zach Strickland, and Dean Croke discuss current operating ratios and their impact on used truck prices.
Stifel’s John Larkin captivated the audience with a wide-ranging presentation on transportation and logistics across modes during Tuesday’s lunch at the McLeod User Conference 2018.
Two of McLeod’s clients talk about how they use profitability analysis tools daily and how they drive better business decisions.
It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.
Railroads have raked in profits while service deteriorated, posting record operating ratios as network velocities reached 10 year lows. Pressure from regulators, though, may have finally pushed them to raise capex.
