German forwarder says acquisition will expand its global business in handling nonhazardous bulk liquids such as alcoholic beverages and edible oils.
Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.
J.B. Hunt Transport Services misses 3Q estimates by 9 cents per share. Revenue and operating income climb 5% but a variety of cost inflation and a tough truck brokerage market weigh on the quarter.
Forward Air announces another acquisition as it advances its no-wait growth plan. The Greeneville, Tennessee-based trucking company adds intermodal drayage provider Value Logistics to its roster.
It is too early to call the intermodal recovery a long-term win for the railroads.
Transportation costs are hitting record levels as companies struggle to grab capacity amidst an unusually early peak season.
Radiant Logistics reports new revenue and earnings records in a fiscal fourth-quarter update. The company has delayed its annual filing and conference call with analysts, citing delays associated with the pandemic.
Iowa transportation company Travero plans to open a multimodal cross-dock operation by next September.
In today’s edition of The Daily Dash, a short seller has laid out a blistering report on Nikola; plus, Trimble has announced layoffs within its transportation business and HOS changes could impact safety.
Tightening truckload and intermodal markets have carriers expecting the hot freight market to carry forward. One carrier is calling for large rate increases in 2021.
Intermodal was supposed to be the growth engine for rail.
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The new unit can pass over stacks of boxes four high (48 feet) and five wide (plus a truck lane, a total of 69 feet).
While revenue for Universal Logistics Holdings’ truckload, brokerage and intermodal segments all declined during the second quarter, the CEO said he was pleased with the “anticipated direction of our current operations.”
Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.
“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.
The truckload carriers have reported solid results to start second quarter earnings season, but some load data is still lagging.
J.B. Hunt easily bests consensus forecasts led by better-than-expected intermodal and dedicated results. The back half of 2020 remains hazy on COVID-19 fears.
Mark-It Express Logistics is expanding again, acquiring 20-truck carrier Sava Transportation, as it looks to build a national name for itself in the intermodal business.
Anthony and Zach talk to rail and intermodal expert Mike Baudendistel about some interesting signals from that sector as well as connecting the dots between modes.
