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.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
Descartes reported record quarterly results Tuesday after the market closed.
Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.
Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.
J.B. Hunt Transport Services is hopeful that Western rail service will improve, allowing it to layer higher contract pricing across record intermodal volumes.
Radiant Logistics beat expectations for the recent quarter and expects an uptick in gross profit during the last quarter of the year as it supports hurricane relief efforts.
Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.
Schneider National missed third-quarter expectations Wednesday, but shares of the truckload carrier were up 4% in early trading.
