Pamt Corp. books another net loss, 110.6% adjusted TL OR
Truckload carrier Pamt Corp. is still culling its fleet to get back to profitability.
Truckload carrier Pamt Corp. is still culling its fleet to get back to profitability.
Cass data released Monday pointed to the likelihood of a second-half volume recovery as truckload linehaul rates surged again in May.
Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.
Executives at J.B. Hunt Transport Services said at an investor conference this week that truckload rates are likely to increase 20% over the next two years as carriers restore margins.
Elevated diesel prices and ongoing yield improvement efforts by less-than-truckload carriers are expected to push rates to new highs in the second quarter.
Monthly data from Cass Information Systems showed a volume recovery could be in store for an already supply-constrained freight market.
Monthly data from Cass Information Systems showed truckload rates continued to climb in February, even as freight volumes remained pressured.
Werner Enterprises is taking steps to restore its one-way unit to profitability by reducing the fleet size and eliminating unprofitable freight.
Schneider National’s stock was down 16% in after-hours trading on Thursday following a worse-than-expected earnings report.
J.B. Hunt Transport Services beat fourth-quarter expectations as cost reductions more than offset a revenue decline.
Susquehanna said truckload’s supply side has the market set up for a recovery but demand will have to kick in at some point to prolong an upcycle.
The next upturn in the trucking industry could be driven by the supply side, a pattern observed in the past three upcycles, according to a report released Monday by Morgan Stanley.
Werner Enterprises said it’s holding the line on dedicated capacity as the industry awaits a turn in the cycle.
Shares of Schneider National sank on Thursday after it missed third-quarter expectations and lowered its full-year 2025 outlook.
Less-than-truckload rates maintain record levels despite softness across the manufacturing complex.
Truckload carrier Werner Enterprises said it’s seeing “positive momentum” in its dedicated and logistics businesses at an investor conference this week.
Schneider National said Thursday it needs more information before weighing in on the potential fallout from a Union Pacific–Norfolk Southern merger.
Pamt Corp. booked another net loss in the second quarter with its truckload unit recording a 112.5% operating ratio.
June data from Cass Information Systems showed a decline in shipments but expenditures continued to rise.
April data from Cass Information Systems showed some stabilization on the freight industry’s path to recovery.