TL carriers

Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.

Cox Transportation announced Wednesday the acquisition of Outwest Express and its fleet of more than 400 tractors and 1,200 trailers.

Werner Enterprises has built a model to perform on the downside of the cycle. Management believes the carrier may be better positioned to do so than in the past.

Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.

Truckload carriers prepare for the other side of the freight boom.

Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”

Commentary from the C-suites of trucking remains positive for the 2022 back half.

Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.

El transportador supera las expectativas del segundo trimestre

Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.

Capacity increased again in May, according to the Logistics Managers’ Index. However, the transportation market stabilized in the back half of the month.

Schneider announced the acquisition of deBoer Transportation, a regional dedicated fleet of 160 power units.

Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.

Knight-Swift Transportation lays out a thesis showing how large carriers will navigate a potential downturn considerably better than small fleets.

Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.

Higher diesel prices also mean higher costs for empty miles.

Werner Enterprises beat fourth-quarter expectations and announced plans to grow revenue by 10% on average over the next five years.

Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.

Knight-Swift Transportation reported another big quarterly result Wednesday. However, it appears the stretch of rapid growth will moderate as the comps have stiffened.

Lawrence Freight said its latest pay hike for company drivers will move annual wages to roughly $90,000 in 2022.