RXO sees TL spot market surge further in Q2
Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.
Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.
Extreme supply and pricing dynamics persisted across the freight market in April, according to a monthly survey of supply chain managers.
Schneider National beat first-quarter expectations and reiterated its full-year earnings outlook.
Truckload carrier Heartland Express sees improving market fundamentals as a financial tailwind in the back half of this year.
February’s Logistics Managers’ Index showed a freight market recovery that is in “full-swing.”
Freight shipment declines accelerated in July but costs again stepped higher, according to a monthly report from Cass Information Systems.
Spot broker Landstar System pointed to some positive signs after the market closed on Tuesday but noted that the truckload market largely remains challenging.
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.
Schneider National points to some green shoots on its fourth-quarter earnings call.
Executives at some of the nation’s top truckload carriers say it’s still too soon to know when the market will turn.
Truckload carrier Werner Enterprises’ CEO noted some reasons for optimism at an investor conference.
A couple of truckload carriers provide an update on recent trends following a slew of poor first-quarter reports.
Schneider National cut full-year earnings guidance by 25% but said contractual truckload pricing turned positive in the first quarter.
Several data points provided by ACT Research on Wednesday showed the trucking market may be shaking off the downcycle.
Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.
Trucking executives are hopeful the first half of 2023 brings a cycle recovery.
Broker Landstar System missed second-quarter expectations but noted pricing metrics are holding firm.
Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.
Transportation capacity grew for the first time since May 2020, according to a monthly supply chain survey.