A new bill aims to compel FMCSA to accept positive hair drug tests in the Drug and Alcohol Clearinghouse, a move supported by major carriers but opposed by owner-operators.
Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.
Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.
Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.
Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.
The Federal Motor Carrier Safety Administration’s Truck Leasing Task Force delivered a scathing report on lease-purchase programs managed by motor carriers in the trucking industry.
Q4 earnings season has the potential to reveal actual progress and results for freight transportation companies, according to recent Morgan Stanley research.
Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.
Werner’s Q2 earnings saw worsening financial conditions but improving freight market conditions and signs of capacity tightening.
Knight-Swift Transportation said the trough of the freight cycle has likely passed and that it is now focused on growing its less-than-truckload business.
Knight-Swift Transportation said Wednesday it will cut costs and focus the bulk of its investments away from truckload-related offerings in the near-term.
Knight-Swift Transportation cuts its first-half forecast one day after a notable earnings miss from J.B. Hunt Transport Services.
Knight-Swift President and CEO David Jackson stepped down Tuesday after a nearly 24-year tenure at the company that saw many mergers and acquisitions, including an expansion into the LTL market.
Rising insurance costs, which were flagged by most carriers on fourth-quarter calls, present a headwind to earnings, Morgan Stanley said Tuesday.
Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.
Knight-Swift Transportation beat lowered third-quarter expectations Thursday and said the market appears close to a tipping point.
Knight-Swift Transportation announced late Friday that its top two executives have taken a reduction in base pay amid other cost-cutting measures at the company.
Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
After originally working with TuSimple, Loadsmith picks Kodiak Robotics for autonomous driving systems.
Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.
A plan to allow 18-to-20-year-old truck drivers to haul interstate cargo got a sharp rebuttal at the Truckload Carriers Association (TCA) conference by Knight-Swift President and CEO David Jackson. The plan was conceived as a way to address the driver shortage and is strongly supported by the Biden administration and the American Trucking Associations (ATA).
Knight-Swift’s David Jackson and fellow trucking executives sound off on regulations and the economy at TCA’s annual meeting.
Knight-Swift Transportation’s 2023 outlook comes in as expected, potentially establishing a higher earnings trough for the carrier.
From a Netflix-worthy docudrama at TuSimple to dueling technology announcements, autonomous trucking took steps toward commercialization.
Knight-Swift is the first carrier to put its own driver behind the wheel of a tractor embedded with autonomous software from Embark Trucks.
Trucking regulators will consider allowing hair drug test results to be reported into a federal drug clearinghouse — despite asserting a lack of authority.
La FMCSA accede a tomar los comentarios del público tras rechazar la petición anterior
Commentary from the C-suites of trucking remains positive for the 2022 back half.
Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.
Carriers should be able to price freight based on the trailer space it occupies. A machine to capture a shipment’s dimensions is one answer.
Knight-Swift Transportation lays out a thesis showing how large carriers will navigate a potential downturn considerably better than small fleets.
Embark Trucks’ connection with Knight-Swift will lead to the installation of high-autonomy software by the end of 2022.
RFP process improvement, East and West Coast rivalry hits the roads, impending nor’easter issues, and quarterly earnings roundup.
A truckload carrier-backed study finds cocaine and opioid abuse by truckers are underreported at FMCSA.
Es necesario realizar pruebas de cabello obligatorias para
corregir el subregistro del DOT, según el grupo de
transportadores de carga de camiones
Trucking trends of 2021: Buying growth, expanding capabilities It’s the end of the year and for the trucking industry, disruption, record profits and new opportunities are all major themes to consider when predicting trends to watch in 2022. The trucking expansions into the LTL space and final mile and acquisitions of regional carriers indicate strategic […]
Los transportadores que modificaron su identidad a través de fusiones y adquisiciones en el último año
Several asset-based carriers changed their course through M&A in 2021.
AskWaves looks at some of the catalysts that have heated up M&A in the transportation space.
Stephens investment conference trucking equipment highlights Supply chain challenges were the main focus at the Stephens annual investment conference earlier this month in Nashville, Tennessee. Executives said driver recruiting and broader supply chain bottlenecks were slightly easing, but purchasing and procuring equipment has gotten notably tougher. Lack of trailers becoming new driver shortage: Derek Leathers, […]
Picking transport stocks in 2022 will not involve a blanket approach, according to Deutsche Bank. However, there are still several companies with significant upside potential.
A look at how Knight-Swift Transportation blew past third-quarter expectations and raised its full-year guidance.
Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.
SPAC-sponsored autonomous software developer Embark Trucks is tapping industry experts for advice as its public debut nears.
The decision is also seen as potentially being a legal precedent on the issue of non-compete contracts.
Interstate Personnel Services announced the acquisition of Missouri-based dry van truckload carrier Transport Distribution Co.
Knight-Swift Transportation beat second-quarter estimates and raised its full-year guidance to include the favorable operating environment in addition to accretion from recent acquisitions. However, the improved outlook includes the expectation for continued cost headwinds around labor.
Heartland Express records its best consolidated operating ratio since its last acquisition was fully integrated.
FreightWaves experts weigh in on the ramifications of KNX’s $1.35 billion deal to acquire AAA Cooper.
Knight-Swift’s “transformational” $1.35 billion less-than-truckload acquisition marks the second big deal by a public truckload carrier in less than a week.
Knight-Swift Transportation acquires less-than-truckload carrier AAA Cooper in a deal valued at $1.35 billion.
Knight-Swift announced Tuesday the acquisition of third-party logistics provider UTXL in a $22.5 million transaction.
Adam Miller, CFO of Knight-Swift Transportation and president of Swift Transportation, joins George Abernathy, president of FreightWaves, during Day 2 of FreightWaves LIVE @HOME to talk capacity, drivers, rates and more.
Truckload shippers are accepting double-digit rate hikes in 2021 and further increases in 2022, Deutsche Bank’s lead transport analyst says.
Knight-Swift Transportation posted a large headline earnings beat in the first quarter but it was less impressive by comparison when excluding nonoperating income. The company now sees over-the-road contract rates increasing in the mid-teen percentage range during 2021.
Trucking companies cite safety concerns in their request to FMCSA to allow limited use of hair testing to screen for drugs.
One of the four family members involved in the founding of the company, he was gone by the time it merged with Swift.
Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
Knight-Swift Transportation reports a big jump in results during the fourth quarter. However, while some may view this as a victory lap, investors appear to be calling the end to the TL trade.
Knight-Swift Transportation capitalizes on strong truckload fundamentals to post much higher year-over-year results. Fourth-quarter numbers came in slightly ahead of expectations and the company’s full-year 2021 guidance remains unchanged.
Tayland Rahim, 27, of Gladstone, Missouri, an ex-Swift truck driver, was shot multiple times after troopers claim he drove to the Missouri State Highway Patrol’s local headquarters in Lee’s Summit with an assault-style rifle, firing several rounds.
J.B. Hunt issues intermodal service advisory as railroads BNSF Railway and Norfolk Southern implement gate restrictions in Los Angeles and Chicago.
Knight-Swift announces Adam Miller will lead Swift Transportation in addition to his role of CFO at the parent company.
Daimler Trucks’ electric truck mileage milestone and new orders for battery-powered trucks at Workhorse Group and Motiv Power Systems keep the juice flowing in industry’s nascent transition from diesel.
Truckload carrier successful after receiving no action on first application filed in 2016.
In today’s edition of The Daily Dash, Knight-Swift sees a strong 2021 ahead; experts are predicting a wild Q4; and Kenan Advantage Group could be for sale.
Knight-Swift Transportation’s third-quarter report provides an earnings beat, a 2020 guidance raise and a better-than-consensus first take at 2021 earnings as the carrier sees “strong freight conditions” continuing.
Knight-Swift Transportation raises its 2020 outlook and provides 2021 guidance that is well ahead of recently raised expectations.
P.A.M. Transportation Services sees a “marked improvement” as its auto manufacturing customer base gets back to work. The carrier expects “upward rate pressure” as truck capacity tightens.
Former FMCSA administrator previously acknowledged getting participants could be difficult.
Critics see a FMCSA proposal as extension of driver workday.
Deutsche Bank’s Amit Mehrotra becomes increasingly bullish on the future of trucking. The analyst is forecasting earnings growth at the publicly traded carriers much higher than that of his peers.
Strong spot market fundamentals and low inventories prompt UBS analyst Tom Wadewitz to raise truckload carriers’ earnings estimates for the second half of 2020.
Moroun to remain as chairman, cites new CEO’s acquisition experience as a plus
Werner seeing 10 times greater rate of positive tests using hair versus urinalysis.
Anthony and Zach discuss the Knight-Swift earnings and what they mean for the freight economy. Anthony gives an economic update and Zach talks about the continued unexpected strength of freight volumes in the U.S.
Knight-Swift sees demand improve throughout the second quarter, producing a big earnings beat. The carrier raises its 2020 earnings outlook to a level higher than its original expectation.
Knight-Swift posts solid second quarter and reinstates full-year guidance to a level higher than before the outbreak.
Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.
Coalition says legislation would help ensure flow of new drivers.
FreightWaves CEO & founder Craig Fuller talks with Knight-Swift’s President & CEO David Jackson about how they’re reacting to COVID-19.
After a surge in freight over the past few weeks, UBS transportation analyst Tom Wadewitz is predicting a rough two months.
CEO David Jackson details Knight-Swift’s preparations for coronavirus and its drivers’ dedication through these unique circumstances.
Knight-Swift will integrate Truckstop.com’s Book It Now digital freight offering into its logistics operation, and provide access to Truckstop.com’s load board for its owner-operator and carrier partners.
Outlook for future improvement to earnings is still hazy as Morgan Stanley analyst lowers fourth-quarter estimates for most transportation companies.
Ben Thrower writes about what most in the trucking industry know – 2019 was a tough year for almost everyone.
Legislation demands OMB and HHS estimate rule publication date.
Truckload stocks get an upgrade at Goldman Sachs. Analyst cites “bottoming” fundamentals and the likelihood that the trucking downturn is nearing the midway point as reasons for the upgrade.
KNX is hiring brokers and full-stack developers for the new office.
U.S. truck drivers possibly numbering in the tens of thousands are staring at non-working electronic logging device (ELD) screens after their Omnitracs’ systems shut down on Nov. 2. Omnitracs did not immediately confirm the outage.
Knight-Swift Transportation lowered its third and fourth quarter 2019 guidance amid intermodal and truckload woes. However, some analysts find this as a reason to celebrate.
Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.
Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many publicly traded transportation companies.
