Truckload Freight

Hotlanta’s tender rejections peaked at 11.2%.

The English Language Proficiency (ELP) rule, now in effect, could significantly reduce trucking capacity. For a decade, large truckload carriers have embraced regulations like the ELD mandate and Drug and Alcohol Clearinghouse to limit market capacity, but effects were typically short-lived. The ELP mandate, enforced by a DOT Executive Order, requires commercial drivers to demonstrate […]

Tender rejections are at 6% and rising, two weeks before the holiday.

May data from Cass Information Systems shows continued pressure on freight demand, but carriers are experiencing some pricing relief.

As tariff talk cools, intermodal carriers are becoming more upbeat.

Various transportation metrics maintained recent growth trajectories in May, according to a monthly survey of supply chain managers.

North America’s third-largest full truckload broker, RXO, believes spot rates will continue to step higher.

U.S. Transportation Secretary Sean Duffy on Tuesday signed an order to again require strict enforcement of English language proficiency rules for commercial truck drivers.

Private equity firm Cambridge Capital announced it is combining its majority-owned broker Everest Transportation Systems with fellow 3PL Simple Logistics.

Kenan Advantage Group acquires the largest milk hauler on Canada’s Atlantic Coast.

April data from Cass Information Systems showed some stabilization on the freight industry’s path to recovery.

Morgan Stanley kept its rating on Heartland Express intact despite the company’s recent poor performance.

Truckload carrier Pamt Corp. has announced the resignation of its CEO.

Freight broker Landstar System reported a messy first quarter, dragged down by insurance costs, fraud and stolen cargo.

Transportation metrics were mixed in April, according to the Logistics Managers’ Index.

Bulk liquid hauler Premier Bulk Systems has acquired Canadian peer Longhorn Transportation.

Schneider National is still targeting 2025 as a growth year but not likely as robust as hoped due to trade uncertainty.

Schneider National posted a rare earnings beat in what was a tough quarter for transportation companies.

Werner CEO Derek Leathers held court with analysts on a quarter that was historic, but not in a good way.

Werner Enterprises posted a net loss for the first quarter.

Broker Landstar System has delayed its first-quarter report as it further investigates what it says was fraud tied to an independent agent working under its freight forwarding operation.

Pamt Corp. reported a sixth straight operating loss in its truckload business during the first quarter.

Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.

Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.

Investment firm Stonepeak has acquired energy-focused transportation and logistics company Dupre Logistics.

Marten’s earnings showed a truckload carrier fighting a tough market with little sign of improvement.

J.B. Hunt Transport Services said it’s remaining rate-disciplined on the intermodal front, allowing some business to walk as it works to improve yields and margins in the segment.

J.B. Hunt Transport Services’ first-quarter earnings result came in ahead of recently lowered forecasts.

Third-party logistics provider FitzMark announced the acquisition of brokers High Point Logistics and Pentonix Freight.

Freight data from Cass Information Systems shows the industry closed the first quarter on a down note.

Amazon has announced an inbound-only less-than-truckload service providing vendors that can’t fill a full trailer with a cheaper option to ship freight to its distribution centers.

The TD Cowen/AFS Freight Index showed recent trends in truckload and less-than-truckload pricing will continue for another quarter.

A supply chain sentiment survey logged its third-fastest rate of decline during March, with transportation datasets seeing further cooling.

Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.

An internal memo at liquid bulk hauler MC Tank Transport shows the company has been sold to Kenan Advantage Group.

Cass data for February showed a bounce back in shipments after a messy January, but uncertainty now hangs over a tepid demand environment.

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

Supply chain managers stockpiled goods again in February in efforts to outrun looming tariffs.

In dismissing the case against NFI CEO Sidney Brown, the New Jersey judge took aim at some of the charges against him.

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

Driver recruiting specialist Tenstreet announced Monday it has acquired driver visibility and communications platform TextLocate.

The Cass Freight Index showed an increase in truckload linehaul rates for the first time since December 2022.

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

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

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

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

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

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

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.

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

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

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.

ArcBest announced changes to its leadership team on Thursday.

December data from Cass was mixed, with volumes falling notably but truckload rates moving higher.

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

The Logistics Managers’ Index showed a near-term high for transportation pricing in December.

Monday marked the first weekday since the implementation of the first-of-its-kind congestion pricing program in New York City by Gov. Kathy Hochul.

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.

Digital 3PL Fura announced Friday its third acquisition with the addition of Pinwheel Logistics.

The SONAR National Truckload Index (NTI) has reached levels not seen in nearly two years, surging from $2.38 per mile to $2.52. The last time truckload spot rates were this high was on Jan. 23, 2023.

Volumes and expenditures moved higher in November, a Thursday report from Cass Information Systems showed.

Import volumes that rose directly after the election showed that Donald Trump would regain the presidency were concentrated especially heavily in California, according to KCH Transportation Director of Pricing Henry Byers in a discussion at FreightWaves’ 2024 Domestic Supply Chain Summit. He also said there are significantly low rates for shippers.

Cassandra Gaines, CEO of Carrier Assure Inc., discusses the fraud crisis in the industry and how carriers can combat it.

The Werner case, now more than 6 ½ years old since it became a nuclear verdict, went before the Texas Supreme Court on Tuesday.

The November Logistics Managers’ Index showed a jump in transportation pricing even as capacity stepped higher.

The New Jersey attorney general has filed arguments against tossing the indictment that includes NFI CEO Sidney Brown.

Kenan Advantage Group announced the acquisition of Texas-based XBL.

Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.

Kenan Advantage Group announced Friday that it has acquired Michigan-based dry bulk hauler PRM Trucking.

Freight asset intelligence platform GenLogs is now using its carrier identification data to help law enforcement solve thefts.

J.B. Hunt Transport Services’ CEO Shelley Simpson encourages transportation leaders to solve the industry’s challenges through partnerships at F3 on Tuesday.

The Cass Freight Index shows both volumes and expenditures remained lower in October.

New York Gov. Kathy Hochul announced the state would continue plans to enact congestion pricing tolls in New York City, drawing criticism from the Trucking Association of New York.

PS Logistics announced it has acquired Louisiana-based flatbed carrier Fluker Transportation for an undisclosed sum.

Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.

Schneider National missed third-quarter expectations Wednesday, but shares of the truckload carrier were up 4% in early trading.

October’s Logistics Managers’ Index showed supply chain managers expect transportation rates to move significantly higher over the next year.

J.B. Hunt Transport Services has announced executive management changes as it aims to increase its market share during the next freight market upswing.

A federally authorized study on driver retention finds turnover results from trucking companies’ economically driven policies.

Truckload carrier Heartland Express reported another loss in the third quarter and said cost cutting alone won’t return it to profitability.

Werner CEO Derek Leathers delivered a surprisingly positive outlook for the trucking market.

Truck broker Landstar System said Tuesday it expects no material lift in the freight market for the remainder of 2024.

Werner Enterprises’ third-quarter operating ratio deteriorated by 320 basis points.

Freight broker Landstar System missed third-quarter expectations Tuesday after the market closed and issued fourth-quarter guidance that was also light of consensus.

Pam Transportation said even though its third quarter was bookended by soft demand, it saw sequential improvement in operating trends.

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

Canadian transport and logistics company TFI International’s third-quarter earnings missed consensus forecasts by 18 cents per share.

Marten Transport turned in a quarterly earnings report that was negative by almost every measure.

J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.

J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.

The fifth-generation Freightliner Cascadia is not dramatically different from the current model but it brings some driver-friendly changes.

Continued volume weakness along with a steadying rate environment were the primary takeaways from Cass Information Systems’ September report.

NFI CEO Sidney Brown has filed a motion asking a judge to dismiss his criminal indictment stemming from a New Jersey real estate dispute.

There was no change in transportation capacity during September. That, coupled with further growth in pricing, signals the freight market may finally be climbing out of a prolonged downturn, a survey of supply chain executives showed.

NFI CEO Sidney Brown and other defendants in the criminal case related to the Camden, New Jersey, waterfront redevelopment have moved for dismissal.

Freight factoring platform Outgo said a recent $15 million funding round has allowed it to ramp funding speeds to carriers.

Marten Transport cited the weak freight market in reducing the salaries of six top executives. The executives’ 2023 salaries ranged from $267,000 to about $811,000.

Canadian supply chain SaaS provider Descartes acquired MyCarrierPortal, which provides brokers and shippers with carrier onboarding and risk monitoring tools.