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.
United Auto Workers members at Volvo Trucks North America planned to resume a strike after rejecting a second tentative agreement .
Landstar System inches its fourth-quarter expectations higher but cautions that this trucking cycle may not be different from those in the past.
Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.
Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
Just in time for the holidays, Paccar declared a special dividend of $2.30 a share for stockholders of record by Dec. 20.
Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.
FreightWaves spoke with Werner’s President and Chief Executive Officer Derek Leathers and Chief Financial Officer John Steele regarding the recent announcement in changes to the capital structure.
Werner announced a special cash dividend of $3.75. WERN’s last special dividend was $1.50 per share in 2012.
