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.
Most of the commentary from management teams is pessimistic about the macroeconomy.
“Flock Freight is the only company that offers guaranteed hubless shared truckload service, and this additional investment adds more fuel to our sustained triple-digit growth,” said Oren Zaslansky, CEO and founder of Flock Freight.
The Mother’s Day Truck Convoy was created over 30 years ago when a wish kid named Matt wanted to ride in a big rig truck and talk to his little sister, Heather, on the CB radio.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
CHRW grew net income by 6.3% but increasing earnings per share by 8% with buybacks.
We look at the trucking futures forward curve, Morgan Stanley’s index, the Coyote Curve, and projections from Susquehanna.
Port container volumes, railroad volumes, and truckload volumes are all down year-over-year.
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.
McKinsey, Goldman Sachs, Stifel Nicolaus, and Susquehanna are all in agreement that technology and data are critical for driving productivity in transportation and logistics companies. We survey recent research by the firms.
