TL rates
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News
Werner model stands up during downturn
Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.
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News
Landstar turning the corner, guidance reinstated
Landstar’s earnings call outlines the company’s better-than-expected guidance.
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News
‘Worst’ market in 47 years as restructuring at Covenant continues
Covenant Transportation Group provides an update on the ‘strategic plan,’ announced breakeven results in April during first quarter conference call.
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Wolfe Research conference focuses on a truckload restart
Recent stabilization in truckload markets with a recovery expected later in the year were some of the takeaways from Wolfe Research’s investor conference.
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USA Truck sees green shoots amid uncertainty; shares surge
USA Truck continues to execute on its internal turnaround initiatives, but they have yet to bleed through and provide positive earnings results for the carrier.
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Landstar reports 20% to 30% drop in dispatched loads during April
Landstar has seen volume declines accelerate in recent weeks and management believes that a recovery is unlikely until the automotive and building products segments resume…
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Truckload linehaul rates see biggest decline since financial crisis
Cass data plummets further, erasing any chance of second-quarter year-over-year growth in shipments and freight costs, according to report.
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News
Morgan Stanley cuts estimates, upgrades transports to ‘in-line’
Morgan Stanley upgrades its freight transportation industry view from “cautious” to “in-line.” The firm lowered its earnings expectations for the group.
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