TL carriers

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

Freight factoring platform Outgo said a recent $15 million funding round has allowed it to ramp funding speeds to carriers.

Executives at some of the nation’s top truckload carriers say it’s still too soon to know when the market will turn.

Data from Cass Information Systems showed year-over-year declines in volumes and costs slowed in July.

Truckload carrier Pam Transportation Services lost money again in the second quarter but said it saw signs of an improving freight market as the quarter closed.

Knight-Swift Transportation said the trough of the freight cycle has likely passed and that it is now focused on growing its less-than-truckload business.

A couple of truckload carriers provide an update on recent trends following a slew of poor first-quarter reports.

Heartland Express’ fourth quarter benefited from large gains from terminal sales, without which the truckload carrier would have seen another loss.

A quarterly survey of shippers suggests the trucking market is still distanced from a material recovery.

Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.

Truckload carrier Heartland Express missed first-quarter expectations.

Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.

Knight-Swift Transportation said it’s not backing away from M&A opportunities following its $808 million purchase of truckload carrier U.S. Xpress.

In a first-quarter earnings preview, Deutsche Bank analyst Amit Mehrotra said he expects an in-line type quarter but voiced some concerns.

Werner Enterprises announced Thursday that Christopher Wikoff will succeed John Steele as the company’s chief financial officer.

Management from Werner Enterprises parses through 2023 expectations on a Tuesday evening call with analysts.

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.