Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.
Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.
Freight data from Cass Information Systems shows the industry closed the first quarter on a down note.
Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.
Driver recruiting specialist Tenstreet announced Monday it has acquired driver visibility and communications platform TextLocate.
The Cass Freight Index showed an increase in truckload linehaul rates for the first time since December 2022.
Truckload carrier Pamt Corp. recorded another loss during the fourth quarter.
Werner Enterprises highlights some favorable trends for the new year after a messy fourth quarter.
Werner Enterprises reported a big earnings miss in the 2024 fourth quarter due to outsize insurance claims.
Schneider National points to some green shoots on its fourth-quarter earnings call.
Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.
Truckload carrier Heartland Express is hoping 2025 is the start of a turnaround.
Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.
Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.
Kenan Advantage Group announced the acquisition of Texas-based XBL.
Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.
Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.
Schneider National missed third-quarter expectations Wednesday, but shares of the truckload carrier were up 4% in early trading.
Truckload carrier Heartland Express reported another loss in the third quarter and said cost cutting alone won’t return it to profitability.
Pam Transportation said even though its third quarter was bookended by soft demand, it saw sequential improvement in operating trends.
