Knight-Swift Transportation’s third-quarter results and fourth-quarter outlook came in light of expectations on Wednesday.
Less-than-truckload rates maintain record levels despite softness across the manufacturing complex.
The truckload market took share for a second straight month in September, but overall freight fundamentals remain weak, according to a report from Cass Information Systems.
Morgan Stanley lowered earnings expectations for publicly traded truckload and less-than-truckload carriers on Monday.
Susquehanna analyst Bascome Majors cut earnings forecasts on truckload carriers for the rest of the year as fundamentals remain soft and peak-season expectations are subdued.
The Cass Freight Index showed year-over-year shipment declines widened in August.
Truckload carrier Werner Enterprises said it’s seeing “positive momentum” in its dedicated and logistics businesses at an investor conference this week.
Freight shipment declines accelerated in July but costs again stepped higher, according to a monthly report from Cass Information Systems.
Pamt Corp. announced on Monday that its Chief Financial Officer Lance Stewart is taking over as president and CEO.
Schneider National said Thursday it needs more information before weighing in on the potential fallout from a Union Pacific–Norfolk Southern merger.
OneCompass Holdings announced it is acquiring Koleaseco, Inc. and plans to operate the fleet under another portfolio company, Hyway Trucking.
Pamt Corp. booked another net loss in the second quarter with its truckload unit recording a 112.5% operating ratio.
Knight-Swift is controlling the controllable as it awaits a more meaningful market turn.
J.B. Hunt Transport Services’ second quarter comes with few surprises as the multimodal transportation provider navigates the bottom of the cycle.
J.B. Hunt Transport Services reported a largely inline second quarter on Tuesday.
June data from Cass Information Systems showed a decline in shipments but expenditures continued to rise.
Truckload carrier Pamt Corp. has announced the resignation of its CEO.
Schneider National is still targeting 2025 as a growth year but not likely as robust as hoped due to trade uncertainty.
Schneider National posted a rare earnings beat in what was a tough quarter for transportation companies.
Pamt Corp. reported a sixth straight operating loss in its truckload business during the first quarter.
