Knight-Swift Transportation’s third-quarter report provides an earnings beat, a 2020 guidance raise and a better-than-consensus first take at 2021 earnings as the carrier sees “strong freight conditions” continuing.
Rating is non-investment grade; agency notes that the company has been mostly growing through acquisitions rather than organic
The self-driving vehicle company announces new leadership hires; claims 600 employees.
Demand is reducing inventories while sales remain strong, leaving no cushion before sales ramp up as they do in November and December.
Knight-Swift Transportation raises its 2020 outlook and provides 2021 guidance that is well ahead of recently raised expectations.
Shippers can get instant and spot quotes in mere seconds, book loads and track their freight across borders using SCOUT.
In today’s edition of The Daily Dash, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong Q3 earnings and more charges in the Louisiana investigation into staged truck accidents.
OMERS Private Equity is considering selling Kenan Advantage Group, the tank truck carrier and logistics provider, according to a report in Bloomberg.
P.A.M. Transportation Services sees a “marked improvement” as its auto manufacturing customer base gets back to work. The carrier expects “upward rate pressure” as truck capacity tightens.
A $4.8 billion run rate for the quarter is expected to be at $7 billion by the end of the year: Triumph Bancorp CEO Graft
Zero-emissions credit sales drive Tesla profitability; heavy-duty truck manufacturers to access REC markets
Logistics real estate investment trust (REIT) Prologis beats third-quarter expectations and raises guidance. Conditions have improved and the runway for e-commerce-related growth appears long.
TruckX has introduced a ruggedized wired ELD setup, which reduces the operational difficulties that come with using a bluetooth ELD solution.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
Logistics real estate investment trust Prologis records a better-than-expected third quarter and modestly raises its 2020 guidance.
PACCAR Inc. earnings fell in the third quarter but the maker of Kenworth, Peterbilt and DAF Trucks continued a string of beating earnings estimates.
Push to capture small-business share of the B2B e-commerce market continues for Chinese giant.
In today’s edition of The Daily Dash, OOIDA will back FMCSA in a lawsuit defending hours-of-service changes. Plus, regional carriers could see a strong holiday season and equipment orders are up and that could complicate 2020 rate forecasting.
The U.S. Environmental Protection Agency has settled with three trucking companies for violating the California Air Resources Board’s Truck and Bus Regulation.
The maker of fuel-efficiency technology for heavy-duty trucks bets on logistics software and the carbon markets.
