TL carriers
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News
Knight-Swift sees big Q4, expects hypergrowth to moderate in 2022
Knight-Swift Transportation reported another big quarterly result Wednesday. However, it appears the stretch of rapid growth will moderate as the comps have stiffened.
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Lawrence Freight ups driver pay as much as 40%
Lawrence Freight said its latest pay hike for company drivers will move annual wages to roughly $90,000 in 2022.
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‘Don’t sweat’ big gains on equipment sales booked by carriers in Q3
Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.
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‘Unprecedented’ freight demand, labor challenges next year, Heartland Express says
Heartland Express beats expectations in the third quarter with the help from gains on sale.
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Rate guidance should drive TL estimates higher, Morgan Stanley says
Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.
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P.A.M. Transportation’s Q2 results show strength in TL market
P.A.M. Transportation benefited from a tight truckload market in the second quarter to post record revenue and operating income.
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Knight-Swift deal shows the value in owning an LTL
High barriers are a deterrent to starting a less-than-truckload operation. Knight-Swift’s recent acquisition sheds some light on the value in owning assets in the space.
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More carriers up ante on driver pay
Carriers continue to push driver pay higher amid a capacity-constrained market to keep their equipment seated and on the road.
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Werner raises rate-per-mile guidance
Werner Enterprises reported a first-quarter record for operating income Wednesday after the close. Revenue-per-mile guidance in its one-way segment moved higher.
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Trucking’s tailwinds evident in first quarter
First-quarter earnings reports from truckload carriers highlight a booming freight market. A strong consumer, tight truck capacity and elevated rates appear the likely dynamics for…
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