Truckload Freight

The trucking market remains strong.

Keller Trucking uses TCA benchmarking program to identify Best Practices and elevate profitability.

FreightWaves’ JT Engstrom and Tenney Group’s Spencer Tenney sit down at the FreightWaves Carrier Summit to discuss reasons trucking deals are outpacing broader deal flow.

Declines in Cass freight data continue to outpace the industry by a considerable margin. The firm sees improved results on the horizon.

The US third-party logistics industry will post lower gross revenues for the second straight year, Armstrong & Associates study predicts.

Understanding freight networks and making data-driven decisions are key for carriers to improve profitability, Garner Trucking’s CEO and KSM Transport Advisors’ president said during the FreightWaves Carrier Summit.

FreightWaves’ Kevin Hill interviews co-founders of Baton about their technology plans to eliminate long-haul truck driver dwell times.

Carriers with exposure to essential retail are benefiting from increased freight demand as retailers of grocery, household and home improvement goods struggle to keep inventories on their shelves.

Commercial Vehicle Training Association’s Don Lefeve and Roadmaster Drivers School’s Brad Ball discuss the state of CDL training at FreightWaves Carrier Summit.

Walmart’s fiscal second quarter comes in well ahead of analyst expectations as e-commerce sales surge. The COVID-related inventory drawdown is a positive for trucking.

In today’s edition of The Daily Dash, Roadrunner Transportation exits the truckload business; a road for autonomous vehicles only; and NFI makes a large acquisition.

An interview with Daseke CFO Jason Bates highlights the company’s financial turnaround. When will the carrier get back on the acquisition trail?

Roadrunner fully exits truckload business and announces financial improvement. The company adds former Celadon CEO to the board.

Carrier momentum continues.

Fleet size down by 10%; cutback in other costs highlighted company’s performance.

Total charges were more than $30 million as part of strategic shift

Prosecutors argued against Meek traveling in December, saying keeping the kids back in the U.S. wasn’t a “surety bond.”

In documents related to the case involving 16,000 drivers, Brooks suggests a bigger verdict or deal beyond the agreed-to $16.5 million might have tipped the truckload carrier into bankruptcy; PAM CFO rejects the suggestion.

Carriers in best position in years.

Moroun to remain as chairman, cites new CEO’s acquisition experience as a plus

Shares of Daseke surge 20% as the company’s overhaul appears to be ahead of schedule. Second quarter results were better than expectations.

Flatbed carrier Daseke’s turnaround starting to show fruits. Stock pops more than 15% on better-than-expected second quarter.

TravelCenters of America has been forced to close some restaurants again as an increase in COVID-19 cases has tightened restrictions on dining out in some regions.

Carriers appear to be gaining momentum.

Forward Air lays out plans to expand its less-than-truckload footprint. More terminals are expected to open this year.

Improving demand and truckload fundamentals are expected to drive third-quarter growth. The carrier’s growing cash balance garners some attention.

“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.

Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.

Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.

Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.

ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.

Trucking company cites benefits from new digital technology as key reason; gain in one key OR from the first quarter is 500 basis points

Brian Aoaeh continues his commentary series on artificial intelligence and how it is changing supply chains.

Management from USA Truck provides upbeat commentary regarding the potential for significantly improved earnings as truckload fundamentals remain firm.

Earnings per share exceed analyst forecasts

USA Truck’s second-quarter result comes in slightly ahead of expectations, but the carrier extends its losses to four consecutive quarters.

Roadrunner Transportation Systems to spin off global logistics segment, emerging debt-free in the process.

Backdrop for carriers remains bright.

P.A.M. Transportation points to automotive manufacturing closures as reason for second-quarter loss.

Landstar’s earnings call outlines the company’s better-than-expected guidance.

Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.

Knight-Swift sees demand improve throughout the second quarter, producing a big earnings beat. The carrier raises its 2020 earnings outlook to a level higher than its original expectation.

The debate sees Craig Fuller take on Zach Strickland over the possibility of a market recession due to the unprecedented scenario that we witness today.

Workers to be covered stretch back to second half of 2012 through this year

Knight-Swift posts solid second quarter and reinstates full-year guidance to a level higher than before the outbreak.

Heartland Express announced the family trust of founder and current CEO will sell up to $76.9 million in stock. The family will still hold roughly 40% of the company’s outstanding stock following the transaction.

Kenny Lund, executive vice president of Allen Lund Co., tells FreightWaves 3PL Summit that the fresh produce supply chain still has some growing to do, as coronavirus showed Americans that food shortages can still occur.

The FreightWaves SONAR 7.0 release features several key enhancements; each makes the data and analytics platform even more useful to subscribers. Lane Scorecard The first is the Lane Scorecard app. […]

Asset sales in Comcar’s pre-packaged bankruptcy have hit a roadblock. Obstacles include questions on trailer titles and the sale of the business units to the former chairman, who still has an unsettled dispute with the company.

Capacity still tight.

The truckload carriers have reported solid results to start second quarter earnings season, but some load data is still lagging.

Tightened capacity seen as a spur to both Heartland and Marten beating estimates, with optimism from analysts going forward The earnings reports of truckload carriers Heartland Express and Marten Transport […]

J.B. Hunt easily bests consensus forecasts led by better-than-expected intermodal and dedicated results. The back half of 2020 remains hazy on COVID-19 fears.

Overall operating ratio improves on back of dedicated and truckload segment gains

J.B. Hunt Transport Services posts a solid second quarter, besting analysts’ forecast by 31 cents per share.

Heartland’s expenses were up more than revenue so operating ratio rose. Cash stockpile rose and it has plenty of borrowing capability.

Canadian trucking and logistics firm Titanium Transportation Group opens second brokerage office in the United States as it pushes service and transparency.

Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.

FreightWaves is hosting the 3PL Summit on July 21, a virtual event that will include technology demonstrations, hot debates and visionary speakers from across the 3PL spectrum.

C.H. Robinson and Microsoft have teamed up to bring Robinson’s Navisphere supply chain solution to users of Microsoft’s Azure platform.

Forward Air is expanding again. The company plans to offer traditional less-than-truckload service for the first time.

Volumes decline post Fourth but capacity stays tight.

In today’s edition of The Daily Dash, other states may follow California’s lead in mandating electric-truck sales, danger is a good reason to ignore HOS rules, and funds flow into electrification

Nuclear verdicts are on the rise, and two behind-the-scenes factors playing large roles are the emotional pleas plaintiffs’ attorneys are making to juries and the growing number of hedge funds that invest in civil lawsuits.

Out-of-control insurance premiums are driving trucking operations out of business, but leading insurance experts say something can be done about them.

Soaring volumes and tender rejections continue.

With upcoming changes to hours-of-service rules, drivers and fleets could see improved productivity, safer operation and fewer violations.

Industry hot topics were the focus of a recent discussion with FMCSA’s Jim Mullen and TCA’s David Heller, and some of the perspectives may surprise industry insiders.

TFI International grows U.S. specialty businesses with CT Transportation in second acquisition from bankrupt Comcar industries.

Payouts begin flowing to truck drivers from Celadon Group’s Hyndman Transport months after forcing the bankrupt trucking company to court in Canada.

Highest volumes since March.

To gain the most productivity from drivers and vehicles, fleets need a variety of technologies and open platform approaches are allowing quicker deployment at lower cost

Tender rejections strongest since March.

Flatbed carrier Daseke reported five weeks of volume improvement in its second quarter update. The carrier improved its liquidity position through the first two months of the quarter.

Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.

Because of strained supply chains, will just-in-time delivery be used less by industry? Darren Prokop explores this topic in his latest commentary.

Worse-than-expected data from Cass shows year-over-year declines grew in shipments and expenditures. Intermodal pricing falls out of bed.

Tender rejections cross the 6% mark.

TFI International acquiring Gusgo Transport, a small Canadian trucking company specializing in hauling and storing containers.

The safety of all motorists is paramount. An organizaton that is focused on the safety of truckers is Together for Safer Roads. Learn more about its mission and how it works.

Data shows that such preferred carriers are four times more likely to win new loads and customers.

Daseke’s ratings were confirmed at recently downgraded levels by Moody’s. The report points to the company’s restructuring as a source for a potential ratings upgrade.

As food insecurity grows in the nation, a critical need for transporting available food is exposing gaps in the supply chain.

Volumes keep chugging along

CEO and President Derek Leathers to usher in the next era for Werner Enterprises as founder CL Werner plans exit.

Werner Enterprises is adding predictive freight matching and real-time shipment visibility tools as part of a broader introduction of Trucker Tools technology into its operation.

Werner Enterprises’ announced that CL Werner, its founder and executive chairman, has stepped down as executive chairman. Werner is expected to remain as chairman through the end of his term ending May 2021.

Schneider has continued its recent technology innovations with FreightPower, an offering that unlocks more capacity for its shipping partners.

Ryder is leveraging technology from Turvo to build an integrated technology platform connecting disparate parts of the supply chain. Plus, China halts some U.S. imports and packages at USPS are backing up

As protests over the death of George Floyd expand nationwide, road closures and safety concerns are starting to impact freight movements and put the lives of truck drivers at risk

The trucking market continues to heat up.

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  News reports that Uber is re-evaluating non-core units […]

The trucking market continues to heat up.

Digital freight matching has pushed the industry to adapt.

FourKites has announced several new features, including paperless document transfer and communication tools, to enhance worker safety, improve shipment tracking, and speed payment processes.

Covenant Transportation Group provides an update on the ‘strategic plan,’ announced breakeven results in April during first quarter conference call.

Recent stabilization in truckload markets with a recovery expected later in the year were some of the takeaways from Wolfe Research’s investor conference.

Covenant Transportation Group sees a breakeven April and noted that May trends have “stabilized” as it moves forward with restructuring efforts.

Analysts reached their conclusion after discussions with head of TCA Profitability Program

Walmart bested analyst expectations as grocery and household items drive comparison sales 10% higher and ecommerce accelerates 74%.