Company earnings
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FedEx withdraws full-year guidance, posts massive decline in unit’s operating income
FedEx has pulled its guidance a week before releasing first-quarter results. The company reported a $572 million year-on-year decline in FedEx Express’ operating income as…
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Cass: August freight volumes at 4-year high; linehaul rates down 3rd straight month
Cass data shows freight volumes reached a more than four-year high in August. But linehaul rates slid for the third straight month.
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FreightWaves and MerQube launch world’s first equity index to track supply chain innovation
The MerQube FreightWaves Supply Chain Tech Index is introduced.
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Yellow’s big tonnage declines part of network restructuring
Less-than-truckload carrier Yellow Corp. sees tonnage fall by mid-teen percentages in the first two months of the third quarter as it implements the first phase…
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MerQube FreightWaves Supply Chain Tech Index launches
The MerQube FreightWaves Supply Chain Tech Index is introduced.
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Success of Forward Air’s freight upgrade extends beyond easy comps
Less-than-truckload provider Forward Air continues to register notable revenue growth more than one year into freight swap.
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S&P upgrades flatbed operator Daseke’s debt rating after Moody’s holds the line
Flatbed operator Daseke saw its debt rating upgraded by S&P Global Ratings.
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Carriers weigh in on peak season and contract rates
Management teams from a couple of the nation’s largest fleets share their thoughts on peak season and rates during an investor conference.
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ArcBest update shows signs of moderation; Saia EPS estimates cut
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
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LTL stocks sag on weaker-than-expected Q3 updates
Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.
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