stocks
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Legal issues
Breaking: SEC wants Elon Musk held in contempt
The SEC says that Elon Musk violated his settlement agreement by issuing material, forward-looking statements about Tesla without having them pre-approved by an internal process.
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Canada
Today’s Pickup: freight futures begin, dollar advances, Amazon announces logistics intentions
Trucking Freight Futures are designed to offer market participants a chance to offset their risk in the trucking market. Stocks edge up as dollar advances.…
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News
Today’s Pickup: Walmart’s wage hike would see truckers earn $87,500 on average
Walmart looks to recruit 900 more truckers this year; brick-and-mortar stores would not completely go out of fashion; China to overtake the U.S. as the…
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Canada
Today’s Pickup: markets mixed; stock futures rise; shutdown having big impact on U.S.
On the third day of trade talks at the World Economic Forum in Davos, Switzerland, David Carlyle said the U.S. government shutdown is having an…
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Market Update
Apple lowers revenue expectations as China’s market slows
Among news of poor performance in the Chinese economy, one of the most distressing signals for foreign retailers and manufacturers is Apple’s announcement on Wednesday…
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News
Wolfe Research downgrades several trucking sector stocks
Wolfe Research downgraded several trucking stocks Friday after their analysts revealed concerns over spot rates, according to Seeking Alpha
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Company earnings
Strong earnings be damned: trucking stocks are getting crushed Tuesday
There is a fear on the part of some investors in the trucking space that a peak may have been reached.
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Economics
Strong transport stocks act as green signal for some investors, others anticipate downturn
With transport stocks surging, some market watchers are hopeful that the current expansion period will continue despite downturns in the broader market earlier this year.
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Company earnings
Schneider has strong first quarter, with more “upside in the second half”
The year 2018 is shaping up as one not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on…
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Company earnings
Covenant posts revenue increase, expects rates to climb in second quarter
Covenant Transportation Group saw revenue and earnings increase and predicted that the second quarter presents an even bigger opportunity for the carrier.
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