Saia
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Less than Truckload
New England Motor Freight plowed under by a relentless LTL Nor’easter
How do you re-distribute $400 million of LTL freight? Not easily.
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Company earnings
Saia’s earnings are solid; Schneider gets an uplift from Merrill Lynch
Not a gangbusters quarter for Saia or Schneider. But the numbers were strong for both and Merrill Lynch thinks the…
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Canada
Today’s Pickup: Port of Los Angeles delay ‘worse than it was earlier this year,’ shipper says
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California…
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Airfreight
Today’s pickup: mostly bearish quotes out of Morgan Stanley; the tough road facing OPEC
Also in the pickup: the sad state of interstate 81; farmers and truckers in the news; Saia’s fourth-quarter status report
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Company earnings
Saia beats earnings estimates as LTL carrier sees better pricing and volume growth
LTL carrier says Northeast expansion to continue with new facilities, but segment remains at breakeven results.
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Airfreight
Deutsche Bank starts following six transport companies; e-commerce is a big factor in its ratings
Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.
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News
Saia’s strong first quarter had a significant purchased transportation component
PT expenditures rose about 40% for the quarter.
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Economics
Three LTLs get upgraded earnings from Morgan Stanley; only one for something other than tax reform
Tax reform lifts earnings projections for two, but Old Dominion gets praise for operations
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