Landstar System calls attention to its variable cost model as first quarter falls short of expectations. No guidance issued for second quarter.
Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.
Manhattan Associates first quarter was well ahead of expectations. Management lowered guidance, but believes that this downturn will be shorter in duration.
Prologis reports solid first quarter, but reels in guidance on COVID-19 headwinds. An uptick in demand is not likely until a vaccine is discovered.
Heartland Express’ better than expected result was diminished by the lack of gains on equipment sales.
Loan quality deteriorated slightly, but TriumphPay is growing fast.
With the belt tightened at YRC, a covenant waiver and benefits contribution deferral are still required.
Diminished railcar demand and COVID-19 headwinds force railcar maker to halt production and trim staff.
P.A.M. Transportation finds success calling on its “friends in the industry” as it scrambles to replace lost automotive OEM business.
The J.B. Hunt first-quarter conference call provided a mixed bag of anecdotes. While concerns mount over economic disruption, the company has some offsets.
J.B. Hunt’s first quarter results, while slightly below consensus, were likely not as bad as feared. The company’s outlook provided on its earnings call will be the takeaway.
Cass data plummets further, erasing any chance of second-quarter year-over-year growth in shipments and freight costs, according to report.
Prologis’ update highlights strength of the logistics real estate market entering pandemic. Some clients are asking for rent relief.
Morgan Stanley survey shows coronavirus disruption is accelerating for carriers, shippers and brokers, but the height of the disruption may be closer than some may think.
Activist investor Barna Capital seeks to swap out YRC Worldwide board members and make non-executive level changes in management.
While transportation industry participants have an abundance of questions loaded for management teams this earnings season, answers on the future will be tough to provide.
Even with a better-than-expected fiscal second quarter, Greenbrier invokes several measures to protect its workers and the “viability of the enterprise.”
FedEx provides a rather dim near-term outlook on operations and announces cost savings and balance sheet actions to preserve liquidity.
Tyson Foods plans to pay drivers and essential personnel $60 million in “thank you” bonuses for service during the pandemic.
After a surge in freight over the past few weeks, UBS transportation analyst Tom Wadewitz is predicting a rough two months.
