Finance

Kenan Advantage Group has acquired Mobile, Alabama-based Evergreen Transport for an undisclosed sum.

Air Transport Services Group had lackluster results in 2024 but hopes that leasing Airbus A330 freighters for the first time this year will improve the bottom line.

Supply chain software provider Descartes is benefiting from a quick-changing tariff environment.

New England may be the first location in the country to see an impact from the tariff on imported Canadian oil.

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

In the run-up to Tuesday’s promised barrage of tariffs against Mexico, Canada and China, the U.S. industrial sector is not looking so hot — a dark omen for domestic freight demand.

Radiant Logistics has acquired California-based freight forwarder Transcon Shipping.

Moody’s has affirmed its debt rating for Penske Truck Leasing, a key supplier of trucking rentals.

A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees.

Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.

The numbers in Canadian bank BMO’s quarterly earnings suggest credit problems in trucking may have hit bottom.

BNSF’s saw fourth quarter revenue decline primarily due to a 6.6% drop in average revenue per carload.

A debt issuance by shortline operator Patriot Rail provides a look into its finances.

Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.

The fourth-quarter earnings report of TFI International had bad news for investors.

J.B. Hunt Transport Services said it will focus on what it can control as the industry awaits a meaningful recovery.

Supply chain technology provider Trimble recorded a 6% year-over-year increase in transportation revenue during the fourth quarter to $206.8 million.

The U.S. Department of Transportation has terminated New York City’s congestion pricing plan, drawing praise from trucking groups.

An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.

Cargojet is focusing more on charter business as e-commerce retailers and other companies seek dedicated airlift, which helped boost revenue more than 30% in the fourth quarter.

According to a person involved in the discussions, freight forwarder Forto has reached out to competitors to discuss potential deals.

Expeditors International had a strong quarter, beating analyst estimates on profitability and revenue.

PS Logistics hangs on to its debt rating at Moody’s, giving a look at the finances of the privately held flatbed operator.

The change at the top of Manhattan Associates looked like an ouster, but former CEO Eddie Capell met with analysts to say it wasn’t.

Locomotive builder Wabtec’s shares declined despite fourth-quarter revenue and profit increases.

If consumers were able to keep pace with the incredible inflation of the early pandemic, they should be able to weather any storm kicked up by tariffs.

GXO Logistics Inc. saw solid growth in 2025 and could expand in North America through an acquisition.

Ryder System’s outlook doesn’t see a lot of gains from a stronger freight market, so it is looking to more structural changes.

GXO Logistics’ fourth-quarter revenue surged 25% year over year to $3.25 billion.

Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.

Ryder System’s fourth-quarter used vehicle sales were flat from the third quarter but down from a year ago.

With the Jack Cooper closing set to roil the market for auto haulers, Proficient met analysts on a momentous day.

Truckload carrier Pamt Corp. recorded another loss during the fourth quarter.

Jack Cooper’s end came just a few months after it was reportedly talking about some form of financial support from GM.

Radiant Logistics’ fiscal second-quarter earnings beat was largely tied to one-time project freight.

As the global supply chain prepares to grapple with new and impending U.S. tariffs, one analyst is reviewing the implications for how increased costs will affect aircraft manufacturing—and what particular parts might be most impacted.

Universal Logistics lowered its 2025 guidance due to headwinds in the intermodal market and expenses from a recent acquisition.

Amazon beat expectations for revenue and earnings for the fourth quarter, but it predicts slower growth in the next quarter.

Werner Enterprises highlights some favorable trends for the new year after a messy fourth quarter.

Universal Logistics Holdings reported a 19% increase in operating revenue to $465.1 million in the fourth quarter.

Werner Enterprises reported a big earnings miss in the 2024 fourth quarter due to outsize insurance claims.

Sun Country Airlines expects robust growth in cargo revenue as it begins to receive eight more 737 freighter aircraft for its Amazon flying business.

Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.

Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.

RXO’s stock price was pummeled Wednesday after the release of its earnings 

Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.

Uber Freight recorded its ninth consecutive quarter of negative EBITDA.

Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.

RXO predicts in its fourth-quarter earnings report that it will have greater synergies from its Coyote acquisition.

A Georgia-based carrier has filed for bankruptcy protection, citing a weak freight market.

Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.

New tariffs pose a significant challenge for U.S. refiners, who are already grappling with declining profit margins.

Even cars assembled in the U.S. are not exempt from tariff shocks, as components from Mexico and Canada account for roughly 10% of the value of U.S.-built cars, with an additional 5% to 6% coming from Chinese inputs.

Mexico and Canada have announced agreements with President Donald Trump to delay tariffs on imports of goods from those countries for one month.

Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.

Businesses are heading into 2025 with lean inventories and high demand from consumers.

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

Schneider National points to some green shoots on its fourth-quarter earnings call.

UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability.

C.H. Robinson posted strong year-on-year gains, but some of the sequential numbers were softer.

Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.

Tesla plans to begin mass production of its all-electric Class 8 Semi truck by the end of the year at its factory in Nevada.

Landstar System sees the truckload market as still in a transition period.

C.H. Robinson’s fourth-quarter earnings show some continued improvement sequentially, which has been a key metric for investors.

Landstar System missed fourth-quarter consensus on Wednesday and issued first-quarter guidance well shy of expectations.

Truckload carrier Heartland Express is hoping 2025 is the start of a turnaround.

Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.

Consumers’ growing pessimism could trigger a pullback in discretionary purchases, directly weighing on trucking demand.

Covenant Logistics Group officials are optimistic about the trucking market, expecting more freight by mid-2025.

Trucking-focused bank Triumph Financial had a solid EBITDA performance at its Payments unit, but a lower bottom line.

Covenant Logistics Group reported 3% quarterly growth in freight revenue, “despite a challenging general freight environment,” Chairman and CEO David R. Parker said.

Despite encouraging signs, the U.S. manufacturing sector remains in the early stages of recovery.

Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.

President Trump said he was considering Feb. 1 as a start date for tariffs against Canada and Mexico, directing federal agencies to assess compliance with recent trade agreements.

Logistics warehouse operator Prologis sees a positive inflection point nearing.

Bulk hauler Trimac announced it has acquired Watt & Stewart and its locations in the U.S. and Canada.

An entity owned by the family that owns car hauler Jack Cooper has acquired Standard Forwarding.

J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.

J.B. Hunt Transport Services reported fourth-quarter results Thursday after the market closed.

Despite aggressive interest rate hikes by the Fed aimed at curbing inflation, the CPI’s decline in yearly growth has been gradual and uneven.

Bond yields are falling and GDP growth is weakening in China as exporters cut prices.

Q4 earnings season has the potential to reveal actual progress and results for freight transportation companies, according to recent Morgan Stanley research.

BlueGrace Logistics has acquired FreightCenter, which significantly expands its less-than-truckload offering.

Forward Air announced Monday its board of directors has embarked on a review of strategic alternatives.

Susquehanna has upgraded JBHT, KNX, CHRW and HUBG to “Positive.”

Cass Information Systems rounds out its freight payments platform with the acquisition of AcuAudit.

Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.

Chassis provider Trac Intermodal saw its debt rating affirmed by Moody’s, but its outlook is now negative.

Participants in a key conference discussed how private equity dollars sitting on the sidelines could boost logistics M&A.

Federal Express’ strategy for improving profitability and soft parcel volumes includes redeploying aircraft for daytime international flights to capture containerized cargo.

Reverse stock splits offer an immediate – if artificial – benefit to companies struggling with low stock prices. But they rarely work out long term.

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.

C.H. Robinson had its first investors day in seven years, and the audience liked what it heard.

Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.

M&A adviser Spencer Tenney shares his thoughts on deal activity in the new year.

Same-day logistics provider Priority Courier Experts announced it has acquired Now Courier.