Heartland Express books another net loss
Heartland Express said Tuesday weak freight fundamentals led to another net loss during the first quarter.
Heartland Express said Tuesday weak freight fundamentals led to another net loss during the first quarter.
Pam Transportation Services joined other carriers Thursday, reporting a poor start to 2024.
Prologis modestly reeled in 2024 expectations on Wednesday as it believes the recent demand weakness is tied to near-term uncertainties.
Logistics warehouse landlord Prologis modestly lowered expectations for 2024 on Wednesday.
Knight-Swift Transportation cuts its first-half forecast one day after a notable earnings miss from J.B. Hunt Transport Services.
J.B. Hunt Transport Services’ first-quarter earnings miss sent shares 6% lower in after-hours trading on Tuesday.
J.B. Hunt Transport Services reported a miss on first-quarter expectations Tuesday after the market closed.
Ahead of Q1 earnings reports, analysts are adjusting their earnings expectations for truckload companies as excess capacity continues to weigh down pricing and margins.
First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.
ArcBest reported another big tonnage decline in February as it continues to replace transactional freight with better-priced business from core accounts.
Supply chain software provider Descartes said it continued to pick up market share on its way to another record quarterly performance.
Less-than-truckload carrier XPO is seeing some of the strongest volume growth in the industry.
Old Dominion Freight Line reported modestly better trends in February compared to January but noted the market remains soft.
Less-than-truckload carrier Saia said daily shipments were up 19% in February Monday after the market closed.
Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.
Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.
Universal Logistics posted lower Q4 revenue in its trucking, intermodal and brokerage segments.
Trimble Inc. reported fourth-quarter transportation revenue of $194 million, boosted by strong sales in North America.
Radiant Logistics reported adjusted earnings ahead of consensus for its fiscal second quarter ended Dec. 31.
FleetCor reported fleet transaction revenue of $108 million in the fourth quarter, a 19% year-over-year decrease.