Cass data showed truckload linehaul rates were up sharply year over year in August, with freight volumes finally inflecting positively after 42 months of decline.
Freight broker RXO reported its truckload spot rate index posted its largest sequential gain in five years during the second quarter, with the strong momentum carrying into the third quarter.
Werner Enterprises is looking past July’s seasonal slowdown and gearing up for this year’s peak season, which will have the added benefit of higher rates.
Truckload carrier Schneider National raised its full-year earnings outlook by 18% after easily beating second-quarter expectations.
Landstar System said the truck brokerage market has begun to reshape in the wake of the Supreme Court’s broker liability ruling.
Freight shipments softened in June but truckload rates continued to step higher year over year, according to a monthly report from Cass Information Systems.
Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.
Tightness across the freight market eased only slightly in June.
Some shippers are being forced to reprice their entire book as contractual truckload rates set just a couple of months ago are no longer being honored.
Truckload carriers appearing at an investor conference this week laid out the thesis for a sustained period of rate recovery.
Knight-Swift Transportation said the truckload market has fundamentally shifted with little help from demand.
Monthly data from Cass Information Systems showed a volume recovery could be in store for an already supply-constrained freight market.
The freight market saw capacity and pricing extremes in March unparalleled since the pandemic, according to a monthly query of supply chain executives.
Fuel price hikes and poor weather overhung the first quarter, but supply-side tailwinds along with improving demand could spell the end of earnings degradation for truckload carriers.
February’s Logistics Managers’ Index showed a freight market recovery that is in “full-swing.”
Freight broker RXO said the truckload market is seeing “the biggest structural change” since deregulation in 1980.
Capacity attrition and retooled carrier networks could present a challenging bid season for shippers.
J.B. Hunt Transport Services said on Tuesday that demand has been slightly ahead of expectations to start the year.
The Cass Freight Index showed truckload rates advanced again in January even as volumes fell.
Truckload stocks have been on a wild ride after signs of an improving spot market were amplified by positive manufacturing data, and then slightly doused by the threat of AI upheaval.
