Recent acquisitions weigh on Heartland Express’ Q4
Truckload carrier Heartland Express missed fourth-quarter expectations Friday.
Truckload carrier Heartland Express missed fourth-quarter expectations Friday.
ArcBest’s fourth-quarter was worse than expected as the carrier manages through the downside of the less-than-truckload cycle.
Hub Group had higher revenue in its logistics, truck brokerage and intermodal segments during the fourth quarter.
Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.
Aligning with certain customers on long-term supply agreements helped Wabash post Q4 and full-year records.
Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.
Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
Logistics warehouse operator Link Logistics reports high occupancy and rents during the fourth quarter.
Knight-Swift Transportation’s 2023 outlook comes in as expected, potentially establishing a higher earnings trough for the carrier.
Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns.
Volvo Group set a fourth-quarter record for deliveries, but the OEM said supply chain disruptions and energy costs would impact business.
Covenant Logistics Group missed fourth-quarter expectations even when excluding expenses incurred onboarding equipment.
Paccar Inc. posted record revenue and profits across the board in the fourth quarter, belying predictions of an economic slowdown.
Prologis says warehouse rents will step higher again in 2023.
Management from J.B. Hunt sees the potential for a rebound in freight markets by the back half of 2023.
J.B. Hunt recorded a huge headline miss in the fourth quarter. However, excluding what may be a nonrecurring claims expense, the result was more subdued.
Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.
Morgan Stanley said trucking fundamentals could be “bottoming” in a Monday note to clients while Susquehanna called it quits on several stocks.
Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.
Yellow is seeing large tonnage declines continue as the fourth quarter advances.