Many of the conversations surrounding peak season headwinds center around shippers, but carriers are also faced with challenges during this time.
Both reports see debt levels rising initially but with a steady move toward a more reasonable level of coverage.
Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.
Notable cost headwinds around driver sourcing and equipment downtime weighed heavily on Werner Enterprises’ third-quarter results. But the carrier still raised long-term margin expectations.
The ports of Los Angeles and Long Beach are turning to heavy-handed tactics to address a container logjam that is gumming up supply chains.
Both companies see their financial results weighed down by higher labor costs and operational disruptions due to staffing shortages.
TFI International fails to replicate early herculean improvement at ex-UPS Freight as operating ratio weakens slightly in record third-quarter financial results.
CEO Jassy says Amazon faces billions of dollars in additional costs during the fourth quarter.
Forward Air took an aggressive step Thursday, issuing sizable earnings growth guidance through 2023. Upgrading the freight mix has management confident in the extended outlook.
Reliance Partners’ Brian Runnels and Robert Kaferle spotlight blind spots to expose their hidden dangers.
California and federal officials are partnering to speed up future freight infrastructure investments, as well as reduce delays impacting cargo flows today.
The CEO of Canada trucking giant Mullen Group says the cost of freight in the country is set to press upward amid high demand, tight capacity and the end of wage subsidies.
The CEO of North America’s largest privately held LTL carrier makes a passive investment in the digital freight-matching firm.
Management from Schneider National told analysts on its third-quarter earnings call that current truckload fundamentals should carry through the end of 2021 and well into next year.
The LTL carrier plans on opening 10 to 15 terminals in 2022.
Traton Group is optimistic for future quarters as it posts solid nine-month results with recently acquired Navistar included for the first time.
“These international commitments are valuable, but of course they are no replacement for actual action on the ground,” said Timothy O’Connor, senior director and senior attorney of energy transition strategy at the Environmental Defense Fund.
Sourcing capacity will likely prove difficult through at least the first quarter of 2022 as supply and demand struggle to strike a balance during the peak season.
New car inventories are down significantly from 2019 due to manufacturing slowdowns and parts shortages. Meanwhile, demand continues to surge, with multiple used car pricing indices showing prices up about 27% year-over-year.
With pharmaceutical spending reaching new heights, a single shipment can be worth millions of dollars, leading to monumental financial losses — as well as serious threats to human lives — in the event of a transportation or distribution error.
