Losses continue at TL carrier Pamt Corp.
Pamt Corp.’s first-quarter real estate gain helped offset a loss in its core truckload operation.
Pamt Corp.’s first-quarter real estate gain helped offset a loss in its core truckload operation.
Schneider National said price renewals are currently at the highest levels since 2021 and that it expects to capture mid- to high-single-digit increases on one-way contracts this year.
Schneider National beat first-quarter expectations and reiterated its full-year earnings outlook.
Knight-Swift Transportation said the truckload market has fundamentally shifted with little help from demand.
Knight-Swift Transportation upped its rate expectations for bid season.
Knight-Swift Transportation lowered its first-quarter outlook, citing headwinds from several nonrecurring items during the period.
Management at J.B. Hunt Transport Services pointed to mounting evidence that recent tightening across the truckload market will not be a temporary blip.
J.B. Hunt Transport Services beat first-quarter expectations, reporting record volumes in its intermodal segment.
The freight market saw capacity and pricing extremes in March unparalleled since the pandemic, according to a monthly query of supply chain executives.
Fuel price hikes and poor weather overhung the first quarter, but supply-side tailwinds along with improving demand could spell the end of earnings degradation for truckload carriers.
Freight broker RXO said the truckload market is seeing “the biggest structural change” since deregulation in 1980.
Capacity attrition and retooled carrier networks could present a challenging bid season for shippers.
J.B. Hunt Transport Services said on Tuesday that demand has been slightly ahead of expectations to start the year.
Truckload carrier Pamt Corp. booked a fifth consecutive net loss on Friday.
Truckload stocks have been on a wild ride after signs of an improving spot market were amplified by positive manufacturing data, and then slightly doused by the threat of AI upheaval.
Werner Enterprises is taking steps to restore its one-way unit to profitability by reducing the fleet size and eliminating unprofitable freight.
Werner Enterprises has begun restructuring its one-way fleet, a move announced alongside the reporting of its fourth-quarter results, which fell short of expectations.
Truckload carrier Heartland Express reported another net loss.
The freight market tightened again in January, with transportation prices seeing the fastest growth rate since April 2022.
Schneider National’s stock was down 16% in after-hours trading on Thursday following a worse-than-expected earnings report.