Analysts raise TL, LTL estimates ahead of Q2 earnings season
Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.
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Truckload shipping refers to the movement of freight in the amounts necessary to fill an entire semi-truck or intermodal container. This is in contrast to less than truckload (LTL) shipping, where freight from multiple sources is mixed and transported in one truck or shipping container.
Trucking industry regulations change often and are overseen by three different bodies: the Department of Transportation (DOT), the Federal Motor Carrier Safety Administration (FMCSA), and the National Highway Safety Administration (NHTSA). Any of these three agencies may create new rules and regulations for general freight trucking throughout the year. In addition, states can also issue their own general freight trucking regulations.
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Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.
Tightness across the freight market eased only slightly in June.
Schneider National announced additional leadership changes and promotions on Monday as part of a previously announced succession plan.
International Longshore and Warehouse Union workers called the first strike in decades against a major California sugar processor.
Private equity firm Quad-C has invested in Armstrong Transport Group as the freight brokerage plans for rapid growth.
Recent acquisitions by AmeriLux Transportation, ANDY Corp. and Imperative Logistics highlight continued consolidation across North America’s logistics sector.
TFS and WEX are targeting owner-operators and large fleets with a new financing program for trucks, trailers and other assets.
This week in Borderlands Mexico: Echo bets on Mexico growth with domestic transportation offering; DP World in talks to develop container terminal at Port of Corpus Christi; and Chinese auto supplier invests $42M in Saltillo plant.
FleetForce and Swift Transportation have partnered to offer on-site CDL training and certification in Mobile, Alabama.
The CAVRA Standard, created by Carrier Assure CEO Cassandra Gaines, aims to bring clarity to carrier vetting.
Some fleets are implementing pay raises for drivers early in the truckload market’s recovery.
Cass data released Monday pointed to the likelihood of a second-half volume recovery as truckload linehaul rates surged again in May.
Some shippers are being forced to reprice their entire book as contractual truckload rates set just a couple of months ago are no longer being honored.
This week in Borderlands Mexico: Laredo summit debates driverless freight corridors, B-1 truckers; Cadogan Tate expands Southwest footprint with Phoenix acquisition; and Toyo plans $357M solar manufacturing expansion in Houston.
Mexico remained America’s largest trading partner in April, extending its lead over Canada amid tariffs and growing uncertainty over the future of the USMCA.
Truckload carriers appearing at an investor conference this week laid out the thesis for a sustained period of rate recovery.
The 9th Annual Modernization of Cross-Border Trade conference highlighted how legal and operational risks are changing freight movement between the U.S. and Mexico.
This week in Borderlands Mexico: Uber Freight sees earlier peak season; Mexico freight trucking sector outpaces Q1 economy; and 1.1M-square-foot logistics center planned in Phoenix area.
Cargo theft has advanced from smash-and-grab crimes into sophisticated identity-based fraud schemes, experts say
Knight-Swift Transportation announced the retirement of co-founder and executive chairman Kevin Knight.
Transportation prices surged throughout May, according to a monthly poll of supply chain executives, as available capacity remained on the decline.
This week in Borderlands Mexico: Thousands of Mexican truckers lose US visas; US, Mexico complete first round of USMCA talks; and RealCold acquires SCL Cold Chain.
Carriers, logistics providers and ports are investing millions into new freight infrastructure projects as they prepare for long-term supply chain growth.
Executives from the Truckload Carriers Association, PepsiCo and Stevens Transport said fleets that embrace safety technology, AI will be best positioned to survive mounting operational pressures.
This week in Borderlands Mexico: Desteia using AI to ease looming customs compliance crunch; Grocery chain plans $700M supply chain expansion in South Texas; and CPKC, CSX upgrade Southeast Mexico Express for faster transit times.
Industry participants say asset-based carriers are likely the winners following the Supreme Court’s landmark ruling on freight broker liability.
Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.
A mix of trucking enforcement activity, insurance concerns and seasonal freight demand could keep pressure on freight capacity through 2026, EASE Logistics says.
Cargo thieves are relying less on physical break-ins and more on fraud-based tactics, with deceptive pickup scams climbing sharply in the first quarter, Overhaul says.
This week in Borderlands Mexico: Cross-border trade tops $84B in March as USMCA talks heat up; United Foods International opens facility in Phoenix; and Chinese manufacturer to open electronics factory in Torreón.
Flexport leaders said import demand remains uneven across North America, with Houston and East Coast ports gaining share.
Supply constraints are pushing truckload rates to cycle highs, according to data from Cass Information Systems.
Executives at J.B. Hunt Transport Services said at an investor conference this week that truckload rates are likely to increase 20% over the next two years as carriers restore margins.
The Trump administration’s trade agenda is facing mounting legal and political pressure from importers, the European Union and automakers.
MODE Global has expanded into Mexico with a new office in Puebla aimed at streamlining North American logistics.
Extreme supply and pricing dynamics persisted across the freight market in April, according to a monthly survey of supply chain managers.
Rising fuel prices and shrinking carrier capacity are driving a rapid increase in shipper spending.
Pamt Corp.’s first-quarter real estate gain helped offset a loss in its core truckload operation.
Schneider National said price renewals are currently at the highest levels since 2021 and that it expects to capture mid- to high-single-digit increases on one-way contracts this year.
April’s State of Freight discussion suggests the current freight lull is more seasonal than structural.
Schneider National beat first-quarter expectations and reiterated its full-year earnings outlook.
U.S. Customs and Border Protection will restrict empty commercial truck crossings from Mexico to Eagle Pass, Texas, to afternoon hours starting Monday.
Broker Landstar System said Tuesday that the truckload market is in the early stages of an upcycle, noting revenue per load is trending well ahead of normal seasonal patterns.
Werner’s Q1 results highlight early signs of a freight recovery, with rising rates and shrinking capacity setting up stronger earnings in the second half.
Marten’s first quarter earnings still showed a company dealing with a weak freight market.
Truckload carrier Heartland Express sees improving market fundamentals as a financial tailwind in the back half of this year.
Knight-Swift Transportation said the truckload market has fundamentally shifted with little help from demand.
Knight-Swift Transportation upped its rate expectations for bid season.
Knight-Swift Transportation lowered its first-quarter outlook, citing headwinds from several nonrecurring items during the period.
Management at J.B. Hunt Transport Services pointed to mounting evidence that recent tightening across the truckload market will not be a temporary blip.
J.B. Hunt Transport Services beat first-quarter expectations, reporting record volumes in its intermodal segment.
TA Dedicated announced that it has acquired warehousing and distribution provider Triangle Warehouse.
Elevated diesel prices and ongoing yield improvement efforts by less-than-truckload carriers are expected to push rates to new highs in the second quarter.
Monthly data from Cass Information Systems showed a volume recovery could be in store for an already supply-constrained freight market.
The freight market saw capacity and pricing extremes in March unparalleled since the pandemic, according to a monthly query of supply chain executives.
Fuel price hikes and poor weather overhung the first quarter, but supply-side tailwinds along with improving demand could spell the end of earnings degradation for truckload carriers.
Echo Global Logistics announced it has completed its acquisition of ITS Logistics, creating a $5.2 billion, full-service supply chain services platform.
The State of Freight webinars for several consecutive months have dealt with a new issue each month: a suddenly rising market, regulatory changes or now in the case of the March session, a war in Iran. It has rocked the freight market if for no other reason than the cost of filling a truck has […]
Canadian transportation and logistics provider Andy Corp. announced two acquisitions on Wednesday.
Management from J.B. Hunt Transport Services said shipper attitudes are little changed as truck capacity leaves the market and fuel prices surge.
A Wisconsin-based carrier files for chapter 11 protection.
Knight-Swift Transportation has sold its FleetAero assets to Transtex.
Monthly data from Cass Information Systems showed truckload rates continued to climb in February, even as freight volumes remained pressured.
A new report from Uber Freight signals continuing volatility across trucking and global logistics as spot rates rise and policy shifts reshape supply chains.
February’s Logistics Managers’ Index showed a freight market recovery that is in “full-swing.”
Private equity firm Thoma Bravo agreed to acquire 3PL WWEX Group and merge it with Auctane, a shipping software provider already in its portfolio.
ORLANDO–Derek Barrs received a standing ovation when he completed his address to the Truckload Carriers Association (TCA) and it felt completely spontaneous and genuine. The new administrator of the Federal Motor Carrier Safety Administration spoke to his first TCA annual meeting Monday, fiercely defending the steps that the agency and other parts of the federal […]
RXO has launched Middle Mile Solutions, a single-source service connecting the first, middle and last miles of the supply chain.
Truckload carrier Ace Doran announced it has acquired NHH Services’ Equipment for an undisclosed sum.
Freight broker RXO said the truckload market is seeing “the biggest structural change” since deregulation in 1980.
Capacity attrition and retooled carrier networks could present a challenging bid season for shippers.
TFI International’s estimate for first quarter earnings is reflecting a difficult ongoing quarter.
J.B. Hunt Transport Services said on Tuesday that demand has been slightly ahead of expectations to start the year.
The US LTL operations at TFI International showed some signs of improvement.
The prosecution of NFI CEO Sidney Brown has come to an end in New Jersey.
The Cass Freight Index showed truckload rates advanced again in January even as volumes fell.
New tool allows users to intuitively analyze trucking capacity by geography.
Truckload carrier Pamt Corp. booked a fifth consecutive net loss on Friday.
Truckload stocks have been on a wild ride after signs of an improving spot market were amplified by positive manufacturing data, and then slightly doused by the threat of AI upheaval.
Jim Mullen is slated to head the Truckload Carriers Associaton.
Werner Enterprises is taking steps to restore its one-way unit to profitability by reducing the fleet size and eliminating unprofitable freight.
Werner Enterprises has begun restructuring its one-way fleet, a move announced alongside the reporting of its fourth-quarter results, which fell short of expectations.
Truckload carrier Heartland Express reported another net loss.
The freight market tightened again in January, with transportation prices seeing the fastest growth rate since April 2022.
A long-running lawsuit by drivers against Werner has been settled, and the size of the payout pool revealed.
NFI CEO Brown, whose criminal indictment was tossed last year in New Jersey, saw that decision affirmed on appeal.
Schneider National’s stock was down 16% in after-hours trading on Thursday following a worse-than-expected earnings report.
Broker Landstar System’s fourth quarter was negatively impacted by one prior and two recent tragic accidents.
Werner Enterprises announced it has acquired FirstFleet, making it the fifth-largest dedicated truckload provider in the U.S.
Marten Transport saw improvement sequentially even as year-to-year comparisons remained weak.
Freight broker Landstar System will record several accident-related charges in the fourth quarter.
Knight-Swift Transportation outlines a path to margin recovery in 2026 following a fourth quarter that was worse than expected.
Knight-Swift Transportation misses fourth-quarter expectations.
December data from Cass Information Systems showed truckload rates continued to step higher as shipments moved lower.
J.B. Hunt Transport Services beat fourth-quarter expectations as cost reductions more than offset a revenue decline.
Canada’s Titanium Transportation is going private at a big premium to its Wednesday stock price.
J.B. Hunt Transport Services beat fourth-quarter earnings expectations Thursday after the market closed.
Abilene Motor Express, owned by Knight Swift, will no longer be standalone in the company.
Arkansas-based truckload carrier, USA Truck, has been acquired by a group of current and former leaders.
Susquehanna said truckload’s supply side has the market set up for a recovery but demand will have to kick in at some point to prolong an upcycle.