The outlook from JBHT was notably better than the concern around the lack of an uptick in seasonal demand that many carriers expressed at multiple investor conferences in May and June.
Rates and rejections into the Southeast are elevated as trailers and tractors are staged for disaster relief.
Retailers of heavy goods like furniture face the same e-commerce delivery pressures as retailers shipping parcels, survey finds
Transfreight Automotive Logisitcs Europe, a fleet with over 90 vehicles, has shut down.
Wisconsin-based Schneider National recently announced it is building a new operations center in Dallas, where the company will manage up to 500 truck drivers. The new facilities will include a 14,000-square-foot driver services building and a 47,000-square-foot maintenance building, sitting on more than 50 acres. “The new facility will include many of the amenities found […]
Schneider is closing its First to Final Mile delivery operation due to poor performance.
Schneider National sees “less favorable” trends continuing into the back half of 2019. The company lowered guidance and announced the closure of its First to Final Mile business.
New categories to be added to types of crashes deemed “not preventable.”
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
Intermodal giant sees rail and truck as better than option than truckload into
2019 is shaping up to be the worst year for trucking in the past five years.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.
Ten regional haul fleets will participate in NACFE’s Run on Less Regional challenge to measure fuel efficiency and other metrics in real-world operation.
The truckload spot market experienced another month of softness in May, confirming recent commentary that normal seasonality isn’t taking shape.
Landstar announced that it may not be able to meet the low-end of its guidance range as truckload spot market fundamentals remain weak.
Volvo and Mack used trucks are now backed by factory warranties of up to 24 months and 250,000 miles for parts and labor on certain components.
“June is a big month in the second quarter historically…and if we don’t see it here in the month of June you really have to question what we are going to see in July and August,” said Rourke.
Schneider National, Inc. held a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.
Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.
