July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
Aurora Innovation said it expects to reach an $80 million TaaS revenue run-rate by year-end, detailing the per-mile revenue outlook for both business models ahead of a planned 2027 shift to driver-as-a-service. The company reported a $270 million second-quarter loss.
Truckload carrier Heartland Express returned to profitability in the second quarter, driven by gains from equipment sales.
Truckload carrier Schneider National raised its full-year earnings outlook by 18% after easily beating second-quarter expectations.
Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.
Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.
ArcBest’s second quarter highlighted improvements in operations across its business units.
Landstar System said the truck brokerage market has begun to reshape in the wake of the Supreme Court’s broker liability ruling.
Refrigerated carrier Marten Transport said a significantly tighter capacity environment is allowing it to improve freight selection and push rates higher.
Tesla reported 26% revenue growth and reaffirmed plans to begin Semi production this year despite sharply higher investment spending.
Knight-Swift Transportation said the rapid improvements in truckload fundamentals that occurred in the second quarter will likely accelerate starting in September and continue throughout peak season.
Knight-Swift Transportation noted considerable acceleration in truckload fundamentals during the second quarter.
Forward Air announced Tuesday that it will keep at least half of an account representing 10% of its annual revenue.
Transportation and logistics provider ArcBest announced it is cutting 2% of its workforce and closing 10 less-than-truckload terminals.
Logistics warehouse operator Prologis said leasing activity was at an all-time high during the second quarter.
Logistics warehouse operator Prologis reported record leasing activity in the second quarter.
As shippers migrate toward high-quality transportation providers, J.B. Hunt Transport Services comfortably surpassed expectations for the second quarter.
J.B. Hunt Transport Services blew past analysts’ second-quarter forecasts on Wednesday, sending shares up 9% in after-hours trading.
Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.
Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.
