Jones Logistics said Thursday it has acquired dedicated carrier Nationwide Express.
Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.
Covenant Logistics Group missed fourth-quarter expectations even when excluding expenses incurred onboarding equipment.
Temperature-controlled carrier R.E. Garrison Trucking announced it has acquired produce hauler Boaty’s Transport.
Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.
Cox Transportation announced Wednesday the acquisition of Outwest Express and its fleet of more than 400 tractors and 1,200 trailers.
Werner Enterprises has built a model to perform on the downside of the cycle. Management believes the carrier may be better positioned to do so than in the past.
Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.
Truckload carriers prepare for the other side of the freight boom.
Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”
