Intermodal carriers getting ‘a bit more optimistic’
As tariff talk cools, intermodal carriers are becoming more upbeat.
As tariff talk cools, intermodal carriers are becoming more upbeat.
Rebuilding after hurricane damage and rerouting around a Baltimore tunnel project cost CSX a million dollars a day in lost revenue in the first quarter, a company executive told an investor conference.
Schneider National is still targeting 2025 as a growth year but not likely as robust as hoped due to trade uncertainty.
Schneider National posted a rare earnings beat in what was a tough quarter for transportation companies.
Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.
Schneider National points to some green shoots on its fourth-quarter earnings call.
Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.
The Rhode Island truck tolling plan got a mixed verdict in a federal appeals court but has new life.
ACT Research forecasts an end of the Great Freight Recession in the for-hire truckload space, but private fleet expansion is tempering expectations.
Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.
Schneider National announced it will begin an intermodal service connecting Mexico and Texas with the U.S. Southeast next month.
Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.
Schneider National missed third-quarter expectations Wednesday, but shares of the truckload carrier were up 4% in early trading.
Executives at some of the nation’s top truckload carriers say it’s still too soon to know when the market will turn.
A Georgia jury recently awarded more than $47 million to the family of a 35-year-old owner-operator who was killed in a August 2017 crash involving a former company driver for Wisconsin-based Schneider National Carriers.
A recent Flock Freight survey reports 43% of truckload orders were partially empty, highlighting ongoing challenges for trailer space utilization.
Schneider National cut full-year earnings guidance by 25% but said contractual truckload pricing turned positive in the first quarter.
Here are a few key takeaways from the Scopelitis Transportation Law seminar on the myriad of legal issues facing today’s trucking fleets.
The company last announced its Series C raise in 2022, led by SoftBank Vision Fund 2 for $115 million, valuing the company at $575 million. Platform Science has raised $309 million since 2017.
First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.