Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.
Heartland Express beats expectations in the third quarter with the help from gains on sale.
Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.
P.A.M. Transportation benefited from a tight truckload market in the second quarter to post record revenue and operating income.
High barriers are a deterrent to starting a less-than-truckload operation. Knight-Swift’s recent acquisition sheds some light on the value in owning assets in the space.
Carriers continue to push driver pay higher amid a capacity-constrained market to keep their equipment seated and on the road.
Werner Enterprises reported a first-quarter record for operating income Wednesday after the close. Revenue-per-mile guidance in its one-way segment moved higher.
First-quarter earnings reports from truckload carriers highlight a booming freight market. A strong consumer, tight truck capacity and elevated rates appear the likely dynamics for the remainder of the year.
Forward Air announces its “largest-ever” rate increase to capacity providers.
Refrigerated carriers Leonard’s Express and Holman Transportation join forces in latest truckload acquisition.
