Link Logistics sees rent renewals jump in Q2
Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.
Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.
Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.
Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.
Pam Transportation Services reported a sharp decline in earnings during the second quarter.
J.B. Hunt Transport Services missed second-quarter expectations Tuesday and said it is still uncertain how peak season will play out.
Logistics real estate giant Prologis beat second-quarter estimates Tuesday but lowered its rent growth forecast for 2023 as the market cools from peak activity.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
Less-than-truckload carrier Yellow reported another large drop in volumes Friday after the market closed.
ArcBest holds on to tonnage growth in the April-May period but yields take a notable step lower.
Less-than-truckload provider Forward Air said Tuesday that demand momentum has improved as the second quarter has progressed.
Less-than-truckload carrier XPO reported another modest tonnage decline in May, which was in line with trends at Saia and much better than Old Dominion’s report.
Less-than-truckload carrier Old Dominion reported no seasonal inflection in volumes during May but continued to push yields higher.
Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter.
Supply chain visibility provider Descartes beat first-quarter estimates, and management said they are optimistic about recent trends.
Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.
First-quarter financials were iffy and cash was tight, but Workhorse electric stepvan manufacturing made progress.
Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.
Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.
Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.