Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.
Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”
The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.
The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.
Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.
Strong bottom-line offsets some volume sluggishness.
Freight Alley in Chattanooga was the scene on the afternoon of February 21, when executives from FreightWaves, Nodal Exchange, DAT and K-Ratio presented the Trucking Freight Futures roadshow. Trucking Freight Futures debut on the Nodal Exchange on March 29.
Cowen expects softening trucking prices in 2019 to be a headwind for truckload carrier earnings, but should widen gross margins for freight brokerages.
Intermodal services firm to boost presence in consumer goods sector with acquisition of LTL consolidator and brokerage.
Optimal Dynamics uses AI and machine learning to assist fleets in finding loads a few days into the future, which would help carriers get ahead of their competition, as they could plan their network flow further in advance than usual.
Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.
There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.
It was a better quarter for three companies representing different sectors: 3PL, intermodal and truckload.
Mode’s relations with asset-based firms will be critical for its survival, says ex-Hub Group principal Brian Bowers.
Hub Group was looking at alternatives for Mode Transportation
Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.
NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.
The improvements in 3D printing technology has boosted the hopes that one day supply chains will become shorter as products are printer on-demand in close proximity to end users. Deutsche Post DHL Group and IT logistics provider Axit recently showcased how replacement parts could be produced and shipped in the same day.
