Truckload
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Lackluster Q3 trends overshadow Schneider’s special dividend
The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the…
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Schneider to pay $2 special dividend, Q3 results in line
Schneider National announces a $2 special dividend answering the mounting questions around the carrier’s future cash deployment. After the $355 million payment, the company still…
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Werner sees ‘stronger setup’ going into 2021
Werner Enterprises sees the current tightness in the truck market continuing into 2021 as inventory restocking will take multiple quarters to accomplish and drivers are…
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Werner beats Q3 estimates
Werner Enterprises’ third-quarter result comes in ahead of analysts’ forecasts.
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Covenant stock hammered on earnings, but execs affirm support for transition
Revenue and earnings beat estimates; improved OR might not stick but there are broader goals at the company
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Election 2020: OOIDA says Trump a net positive for small-business truckers
Biden victory may seriously jump-start transport-funding negotiations, group says.
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Small revenue growth but big profit jump at Covenant in Q3
Company had forecast an OR in the low 90s and got there; tractors reduced but Parker says it’s part of the plan
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Outbound tender volumes keep chugging along at a high level
Tenders and rejections remain elevated as peak season begins.
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U.S. Xpress CEO sees significant gains from Variant initiative, as Q3 revenue posts modest increase
OR improved for the company; on analyst call, Fuller says there will be bumps in the road on the way to a new operating model.
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U.S. Xpress OR improves; driver squeeze limits miles driven
Q3 performance contrasts with loss in corresponding quarter last year
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