A report from Cass Information Systems suggests the current softness in freight markets is likely to hang around for “several more months.”
Truckload carriers prepare for the other side of the freight boom.
Broker Landstar System reported another strong performance in the third quarter. However, the company now comps to the peak of the freight boom.
Knight-Swift Transportation missed analysts’ forecasts for the third quarter and dialed down expectations over the near term.
Management teams from a couple of the nation’s largest fleets share their thoughts on peak season and rates during an investor conference.
Commentary from the C-suites of trucking remains positive for the 2022 back half.
Freight payments data from U.S. Bank showed sequential increases in volumes and costs during the second quarter.
Freight demand trends in a softening market continue to be bifurcated with large fleets remaining unscathed so far.
Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.
