Q1 earnings season is upon us, with early results pointing to continued degradation in truckload carriers’ financial health. Wisconsin-based Marten Transport released its Q1 earnings on Wednesday, but with publicly traded companies timing is everything.
Marten’s earnings showed a truckload carrier fighting a tough market with little sign of improvement.
Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.
Marten Transport turned in a quarterly earnings report that was negative by almost every measure.
Marten Transport cited the weak freight market in reducing the salaries of six top executives. The executives’ 2023 salaries ranged from $267,000 to about $811,000.
Heartland Express’ Q2 earnings saw a net loss of $3.5 million as it works to improve its operating ratio and profitability
Marten’s second-quarter earnings deteriorated, but it said it hasn’t cut contract rates since August.
Marten is the latest trucking company to report earnings that reflect the weak trucking market.
Truckload carrier Marten saw its earnings fall from a year ago and detailed how much of that was caused by higher fuel prices.
With sequential comparisons as important as year on year, truckload carrier Marten held on in Q2 compared to Q1.
Truckload carrier Marten had a first quarter in which it drove more miles than last year but made less money.
Marten Transport had a mostly steady quarter, with some improvements and some softness.
First-to-report Marten was solidly better than a year ago but with some signs of a slowdown from the second quarter.
Temperature-controlled carrier Marten Transport rode higher yield metrics to a record quarter.
Procter & Gamble highlights the combination of commodity, freight and foreign exchange as having a combined 22% headwind on core EPS in its fiscal 2022 (ending June 30). The company’s organic sales grew 10% in its just-reported fiscal Q3 2022, broken down into pricing, volume and sales mix contributing 5, 3 and 2 points, respectively. […]
Truckload carrier Marten set several records in its quarterly earnings report, and its operating ratio net of fuel surcharges was one of the strongest numbers. But its labor costs were up significantly.
Marten’s labor and purchased transportation costs were higher in 2021 but were more than offset by rising revenue.
As ransomware attacks battered transportation and logistics companies in 2021, here are six things we learned about cybersecurity and freight.
Cybercriminals have attempted to sell network access for multiple shipping and logistics firms, opening the door for devastating ransomware attacks in the global supply chain, a new report warns.
Trucking firm Marten Transport discloses it was the victim of a cyberattack that may have exposed employee data after a ransomware gang briefly posted a claim of responsibility.
With other truckload carriers coming in at a sub-80% OR, Marten’s ratio for truckload improved just 40 bps.
Two fleetwide messages sent to drivers Tuesday from Tim Kohl, CEO of Marten Transport, thanked drivers for their patience “in working through some systems issues” the company started experiencing Sunday, but company executives have declined to issue a public statement.
Wisconsin-based truckload carrier Marten Transport was targeted in an apparent cyberattack that knocked out its operating system around 2:30 p.m. CDT on Sunday, according to a source familiar with the matter.
Truckload carrier Heartland Express announced a 50-cent-per-share special dividend Friday. It was the second carrier to announce a special dividend this week.
Marten Transport announced a special dividend of 50 cents per share. The payment marks the third straight year of special dividends for the carrier.
Truckload’s operating ratio was better but OR deteriorated for dedicated.
ORBCOMM, a provider of electronic logging devices and IoT technologies, announced carrier Marten Transport is retrofitting its fleet with ORBCOMM’s dual-mode asset-tracking devices.
The weather-related closure of three Walmart DCs had an outsized impact on the company.
In today’s edition of The Daily Dash, we explore the relationship between TFI International and the unionized LTL carrier UPS Freight. Plus, earnings have started in earnest and so far, so good.
Operating ratios for all its segments improved in the final three months of the year.
Reefer trailer orders were over 100% above replacement levels in November which shows capacity is trying to return to the reefer markets.
In today’s edition of The Daily Dash, a potential TRATON-Navistar tie-up moves closer to a conclusion, plus carriers still hold an upper hand in rate negotiations and early earnings results are not what people expected.
Income per share beat consensus but total and truckload revenue disappoints; stock falls in after-market trading
Total revenue at the company, the first carrier to report third-quarter earnings, was up more than 20%
Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.
Freight volumes are up 25% during a recession and truckload earnings started earnings season out strong this week.
The truckload carriers have reported solid results to start second quarter earnings season, but some load data is still lagging.
Tightened capacity seen as a spur to both Heartland and Marten beating estimates, with optimism from analysts going forward The earnings reports of truckload carriers Heartland Express and Marten Transport released on Thursday, July 16 continued to resonate with investors a day later, with the stock prices of both companies recording significant gains. At approximately […]
Overall operating ratio improves on back of dedicated and truckload segment gains
KeyBank report mostly positive after discussions with management.
Other segments at the truckload carrier had weaker performances.
Intermodal struggled while Brokerage also has a strong period.
Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.
Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.
Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.
Marten Transport posted its best-ever second quarter operating revenue and income in the company’s 74-year history, the company said in its July 18 earnings release.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
J.B. Hunt’s (NASDAQ: JBHT) earnings report have some questioning if the truckload (TL) carriers are likely to miss earnings now and how will the stocks perform moving forward.
Marten Transport posted its best-ever first-quarter operating revenue, operating income and net income in the company’s 74-year history in the first quarter of 2019, the company said in its April 16 earnings release.
Marten Transport and other public truckload companies could make a good stock investment if historical trends hold, says an analyst from Stephens.
Investors may be starting to come around to the idea that truckload carriers have another year of strong margins ahead of them.
The numbers that have come out so far are showing few signs that there had been a significant fourth quarter slowdown.
Heartland continues its strategy of being willing to walk away from revenue if it isn’t profitable and it is showing in the company’s operating ratio.
The company’s stock took it on the chin for much of 2018 but the company said it had a strong fourth quarter.
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.
Initiative aims to keep good but rejected food out of landfills and onto plates.
Although some of its individual ORs were less than a year ago, the company said its 14-month record on OR is its best ever.
We visualized the performance metrics of the publicly-traded truckload carriers over the past six quarters, using TCA InGauge’s data.
In spite of fuel surcharge adjustments, Marten today reported a 49.9% improvement in net income to $13.7 million, or 25 cents per diluted share, for Q2 that ended June 30, 2018, from $9.1 million, or 17 cents per diluted share, for Q2 of 2017.
