At this year’s Benesch conference, the panel on mergers and acquisitions focused on survival in a market where most valuations have plummeted.
Cargo airlines and third-party logistics providers are crossing their fingers for a resurgence of air shipments by October. But indications are increasing that the peak season may go out with a whimper.
Wabash and J.B. Hunt Transport have signed a multiyear deal that will supply J.B. Hunt with 15,000 trailers. The size and scope of the pact are significant, as the past two years saw pandemic-related supply chain disruptions throttle up new trailer orders, causing the average age of existing trailers to rise.
FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.
“Higher shipping costs hit prices of imported goods at the dock within two months and quickly pass through to producer prices — many of whom rely on imported inputs to manufacture their goods,” IMF researchers wrote.
Biden’s executive order calls on the Justice Department to help regulators monitor pricing practices and anticompetition in the container shipping and rail sectors.
The truckload market is looking very strong this year and freight brokers are riding high.
As Chief Strategy Officer, Engstrom will oversee the proprietary research, market expert, and enterprise engagement efforts of FreightWaves.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
John Larkin, arguably the father of all transport analysts and recently an investment banker, is leaving banking to join a small private equity firm
If UPS sticks to its capex and buyback plans—which exceed projections for free cash flow—the parcel carrier may have to issue more debt.
With the completion of the rights offering, the beleaguered carrier has a completely new capital structure.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Investors may be starting to come around to the idea that truckload carriers have another year of strong margins ahead of them.
Analyst Bruce Chan at Stifel praises the reorganization at the company that suffered an accounting scandal and sees the base being laid for future growth.
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.
A port operator taps into funding for new natural gas tractors; birds and the federal shutdown could cause delays in Oklahoma bridge projects; Sears wants to liquidate; and air freight is flat in November
Morgan Stanley likes asset-based carriers while Stifel is bullish on 3PLs, and the banks don’t agree on what the business risks to C.H. Robinson are.
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
Rising driver wages can’t slow driver shortage plus a Boston-based company receives funding for autonomous technology development for cargo vessels and more empty containers are leaving U.S. ports
A number of analysts have stepped forward and issued counterarguments to a negative report on Thursday about XPO, and the company itself has announced a share buyback program.
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.
U.S. Xpress CEO Fuller warns that a lot of companies are still working with 30-year-old technology.
Massive scale, cyclical and structural advantages, and best-in-class technology make C.H. Robinson a ‘buy’ despite a transports selloff, say analysts at Stifel and Goldman Sachs.
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.
Air freight prices continued to rise this week as capacity tightened, ushering in the beginning of peak season, according to a STIFEL conference call focused on TAC Index’s role in air cargo market intelligence.
Using Driver iQ’s Q218 survey on driver recruitment and retention as a point of reference, Stifel Capital Markets hosted Lana Batts, Co-President of Driver iQ and Eric Fuller, President and CEO of U.S. Xpress, inc. to discuss driver recruitment and retention trends in 2018 and beyond.
Stifel’s super-team of equities analysts took a hard look at trade war risk for carriers in every mode and various types of logistics service providers. Dry bulk maritime is the most exposed, while air cargo is the least. Railroads and intermodal carriers like JB Hunt and HUB Group also have significant risk.
Stifel resumed coverage of major 3PLs on Monday with a flurry of analyst notes: we report J. Bruce Chan’s key findings on XPO Logistics, CH Robinson, and Echo Global.
For the first half of the year thus far, coal exports are up nearly 24% over the same period last year.
A panel of financial experts were mixed when asked whether the industry would see higher spot rates one year from now, but continued capacity issues was not in debate.
Stifel returns to trucking with an array of notes on individual carriers and a comprehensive industry update. Analysts expect 12% increase in truckload rates y/y, spillover into LTL and intermodal, and no relief in sight for the driver shortage.
Stifel says UPS is now under-priced; Hapag-Lloyd offers digital rates platform for its customers; the Hudson Tunnel revamp just got harder; freight brokers do record volumes in January.
Craig Fuller, Kevin Haugh, Abtin Hamadi, Tom McLeod, and Edward Ryan discussed the technological approaches to solving some of the transportation industry’s most intractable problems: the driver shortage, capacity utilization, and payment inefficiencies.
Stifel presented reasons why it doesn’t make sense for Home Depot to buy XPO Logistics, but they still think there’s a 31% upside on XPO Stock over twelve months.
Trains are easier to run with autonomous vehicle technology, so they should come before self-driving cars, right?
Truck drivers are concerned with pay, but it’s not the most important topic on their mind when providing feedback to their employers. WorkHound compiled a list of topics drivers talked about the most, and pay only came in fourth. What was number one?
The merger of Knight Transportation and Swift Transportation may be the transportation highlight for the year, but there has plenty more activity revolving around mergers and acquisitions (M&A) in 2017, with no letup in sight.
Last Friday afternoon, Stifel Financial Corp.’s John Larkin hosted a conference call with Blockchain in Trucking Alliance (BiTA) Founder Craig Fuller, President Chris Burruss and 228 industry participants to discuss how BiTA will work as a forum to create standard protocols and procedures for supply chain participants as the industry shifts to blockchain over the next 3-5 years.
Stifel Capital Markets will be hosting a dial-in conference call on Friday, Oct. 27, at 11 a.m. ET. Entitled “The Blockchain in Trucking Revolution,” the call will feature Craig Fuller, CEO of TransRisk and co-founder of the Blockchain in Trucking Alliance, and Chris Burruss, president of the Blockchain in Trucking Alliance.
