Anthony and Zach break down the Knight-Swift and Heartland earnings; slowing decline of freight rates and volumes and what the rise in imports mean for the recovery.
Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.
Ware2Go is providing free logistical support to a New York City non-profit donating PPE supplies to medical workers. Plus, Cass Freight Index tumbles, oil prices continue to fall and airline stimulus funds hit a snag.
Most companies are right near the 25% decline in the market since February 1.
Will capacity tighten and raise rates, or will volumes evaporate and crash them again?
Every FreightWaves article is designed to assist our readers in becoming the most informed professionals in the transportation and logistics industry. These articles may have flown under your radar this week. We consider them essential reading. Trucking veteran Ingrid Brown shares cancer journey to save others – The 40-year trucking veteran is a tireless advocate for […]
Knight-Swift Logistics will be part of a pilot program that will test DAT Solutions’ new Book Now automated freight tendering solution.
Today, Kevin and Andrew have two special guests: Bill Vitti, chief commercial officer of Truckstop, explains the recently announced partnership with Knight-Swift; then Peter Rentschler from Carrier Direct discusses his takeaways from last week’s Stifel Conference in Miami. Lastly, we discuss the triumphant return of flip phones and why Virgin Galactic stock has tripled since […]
Wall Street reacts positively to a projection for the rest of the year.
Company cites “staggering costs” after 2016 request went unanswered.
The biggest truckload carrier in the U.S. Knight-Swift cuts its fourth quarter 2019 earnings outlook again. The company plans to “revise” its first quarter 2020 guidance in January.
Intermodal was a particularly weak spot; OR at Swift a concern to Deutsche
But a lot depends on stabilizing global growth and an industrial recovery in the United States.
Rates and rejections into the Southeast are elevated as trailers and tractors are staged for disaster relief.
New categories to be added to types of crashes deemed “not preventable.”
Companies that build a dedicated M&A program return more value to shareholders.
Knight-Swift reported results within its recently lowered guidance range and doubled down on its estimation that the TL capacity correction is underway.
The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers finally waving the white flag and acknowledging that 2019 will be a struggle.
Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.
Maximum limit would be required for new and existing trucks weighing over 26,000 lbs.
