truckload carriers

Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.

Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many publicly traded transportation companies.

U.S. Xpress announced that it has amended its credit facility to provide the company with a little more flexibility on its financial covenants as an act of prudence.

FreightWaves CEO Craig Fuller discusses his family’s trucking legacy with his father, U.S. Xpress co-founder Max Fuller.

Larger fleets positioned to reap benefits from carrier bankruptcies

Werner has seen freight fundamentals improve recently and is expecting the truck market to tighten as new regulation is implemented.

Two of the nation’s largest truckload carriers said they are seeing green shoots in freight demand.

The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.

Daseke eliminates the role of president as it increases and accelerates its cost savings initiatives. The company will continue to search for a new CEO and begin looking for a new CFO.

Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.

Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.

The transformation continues at Celadon Trucking with former Swift Transportation chief taking the helm.

Daseke lowers its full-year 2019 outlook citing worse than expected results in its flatbed division.

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.

Covenant released earnings results in-line with its previously lowered expectations as it seeks “predictability” in its operations for the remainder of 2019.

Knight-Swift reported results within its recently lowered guidance range and doubled down on its estimation that the TL capacity correction is underway.

Ecommerce continues to grow and Amazon and its competitors continue to innovate and grow. Read insight into the phenomenon by Anothy Smith.

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 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.

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.

The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.

The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.

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.

Trucking could get hit “very hard” by an economic recession, ATA warns

FreightWaves spoke with Werner’s President and Chief Executive Officer Derek Leathers and Chief Financial Officer John Steele regarding the recent announcement in changes to the capital structure.

Werner Enterprises, Inc. reported non-GAAP adjusted earnings per share (EPS) of $0.52, $0.03 ahead of the consensus estimate.

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.

Heartland Express, Inc. (NASDAQ: HTLD) announced a first quarter 2019 profit of $0.21 per share, which was $0.02 ahead of analysts’ estimates.

Another fast-growth brokerage in Freight Alley pops up.

Flashback Fridays previews the soon-to-open Freight Alley Haul of Fame and showcases four trucking companies that contributed to the history of trucking.

USX shifted its fleet away from over-the-road toward dedicated and lowered its adjusted operating ratio to 92.5%.

Asset-based carriers think contract rates are going up; brokers think they’re going down.

Carrier operating ratios continue to fall in October with a less volatile freight market.

Venture to allow Hunt customers to access all truck carriers on one interface

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.

We visualized the performance metrics of the publicly-traded truckload carriers over the past six quarters, using TCA InGauge’s data.