Truckload carrier Heartland Express reported another loss in the third quarter and said cost cutting alone won’t return it to profitability.
Truck broker Landstar System said Tuesday it expects no material lift in the freight market for the remainder of 2024.
Freight broker Landstar System missed third-quarter expectations Tuesday after the market closed and issued fourth-quarter guidance that was also light of consensus.
Universal Logistics Holdings officials said they expect operating revenues of $1.8 billion to $1.9 billion in 2025.
Pam Transportation said even though its third quarter was bookended by soft demand, it saw sequential improvement in operating trends.
Less-than-truckload carrier Saia’s less favorable freight mix and higher cost structure from a terminal expansion weighed on its third quarter.
Universal Logistics Holdings’ third-quarter financial results show year-over-year decreases in its trucking, brokerage and intermodal segments.
Covenant Logistics Group reports truckload revenue of $198 million in the third-quarter, despite a soft freight market.
ATA economist Bob Costello cites macroeconomic “return to normalcy” as a promising sign for trucking amid stagflation and private fleet growth.
Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.
Tesla plans to ramp up full production of its all-electric Class 8 Semi truck in 2026.
Covenant Logistics Group reported 2% quarterly growth in freight revenue, “despite the prolonged general freight market down cycle,” Chairman and CEO David R. Parker said.
Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.
Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.
Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.
Logistics real estate investment trust Prologis said it doesn’t expect the market to positively inflect until mid-2025.
Logistics warehouse operator Prologis beat third-quarter expectations even as some key metrics dipped amid a market “bottoming process.”
J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.
J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.
Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.
