ArcBest, LTL industry short on volume
ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.
ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.
ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.
Iowa-based truckload carrier Heartland Express reported a sixth consecutive quarterly net loss (excluding one-time gains) in its Q4 earnings report.
Schneider National points to some green shoots on its fourth-quarter earnings call.
UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability.
Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.
Tesla plans to begin mass production of its all-electric Class 8 Semi truck by the end of the year at its factory in Nevada.
Landstar System sees the truckload market as still in a transition period.
Landstar System missed fourth-quarter consensus on Wednesday and issued first-quarter guidance well shy of expectations.
Truckload carrier Heartland Express is hoping 2025 is the start of a turnaround.
Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.
Covenant Logistics Group officials are optimistic about the trucking market, expecting more freight by mid-2025.
Covenant Logistics Group reported 3% quarterly growth in freight revenue, “despite a challenging general freight environment,” Chairman and CEO David R. Parker said.
The Federal Motor Carrier Safety Administration’s Truck Leasing Task Force delivered a scathing report on lease-purchase programs managed by motor carriers in the trucking industry.
Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.
Logistics warehouse operator Prologis sees a positive inflection point nearing.
J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.
J.B. Hunt Transport Services reported fourth-quarter results Thursday after the market closed.
Q4 earnings season has the potential to reveal actual progress and results for freight transportation companies, according to recent Morgan Stanley research.
Like numerous SPAC-backed transportation startups, Hyzon Motors has run out of money and plans to shut down.