2022 guidance
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Universal Logistics beats in Q1, ups expectations for 2022
Universal Logistics saw improvement across all of its asset-light segments during the first quarter. Its updated guidance may prove conservative.
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Large truckload carriers say recent downturn not hurting them
Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
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Werner beats in Q1, expects ‘washout’ for carriers dependent on spot market
Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.
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Daseke’s outlook calls for flatbed rates to remain strong
Management from flatbed provider Daseke said April was “strong,” a continuation of the better-than-expected performance it recorded in the first quarter.
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Schneider sees ‘healthy’ contract freight market
Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.
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Forward Air to hit 2023 EPS target a year early
Forward Air beat first-quarter expectations and pulled forward 2023 financial targets by a full year.
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Landstar model partially insulated from spot rate chaos
Management from Landstar System is predicting “another great year” even as spot market fundamentals loosen.
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Knight-Swift says trucking downturn would favor carriers with large trailer pools
Knight-Swift Transportation lays out a thesis showing how large carriers will navigate a potential downturn considerably better than small fleets.
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Prologis ups guidance as warehouse market remains tight
Logistics real estate heavyweight Prologis beat first-quarter expectations and raised full-year 2022 guidance on Tuesday.
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New Americold CEO faces tough questions on recent performance
Management from cold storage warehouse operator Americold addresses concerns about decelerating trends and a soft 2022 outlook.
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