Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
Traton Group is glad it bought Navistar when it did. The U.S. truck and bus maker is helping offset war and other issues at the German holding company.
Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.
TuSimple, the autonomous truck developer is delaying its purpose-built driverless truck to 2025 while slowing its roll in other areas.
Management from flatbed provider Daseke said April was “strong,” a continuation of the better-than-expected performance it recorded in the first quarter.
Cummins Inc. expects to keep raising prices to stay ahead of inflation in the materials it buys for engines and powertrains.
USA Truck posted its seventh consecutive quarter of record earnings Thursday and expects 2022 to be another record year, James Reed, president and CEO, said during a call with analysts Friday.
Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.
ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.
Arkansas-based USA Truck produced the best first-quarter earnings per share in the company’s 29-year history and the seventh consecutive quarter of record earnings.
Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.
Forward Air beat first-quarter expectations and pulled forward 2023 financial targets by a full year.
Robinson’s global forwarding network, years in the making, is having its moment in the sun.
Less-than-truckload carrier Old Dominion beat first-quarter expectations Wednesday. The company moved one step closer to doing “something that they said couldn’t be done.”
Q1 sales and earnings at the parent of Kenworth, Peterbilt and DAF Trucks posted records despite persistent supply chain issues.
Volvo reported record Q1 truck sales despite ongoing supply chain interruptions. The company took a $423 million charge for suspending Russia business.
Truckload carrier Heartland Express beat first-quarter expectations Thursday.
Management from Landstar System is predicting “another great year” even as spot market fundamentals loosen.
Knight-Swift Transportation lays out a thesis showing how large carriers will navigate a potential downturn considerably better than small fleets.
P.A.M. Transportation Services saw significant growth in its truckload and brokerage units during the first quarter.
