Pace of carrier exits needs to speed up to achieve economic balance in the truckload sector, according to RXO Chief Strategy Officer Jared Weisfeld.
Freight broker Landstar System told analysts on a Thursday call that it expects the current freight downturn to last eight quarters, not six as previously hoped.
Two former Yellow Logistics employees have opened a new brokerage office at Radiant Logistics.
Flexport has taken another step toward simplifying international freight transportation from manufacturing to e-commerce storefront.
Regulators will hold a listening session at the Mid America Trucking Show to help fine-tune proposed rules and guidance governing truck brokers and dispatchers.
Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.
FitzMark announced Wednesday it has completed its seventh acquisition in the last four years.
The spending bill to keep the federal government running through fiscal 2023 includes updated measures for trucking and maritime sectors.
Federal regulators have outlined criteria to help identify dispatching services from authorized truck brokers as part of new interim guidelines.
Trucking brokerage founder and CEO Brittany Traylor talks about creating a startup — with help from software management system Turvo.
XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.
TA Services announced that it has acquired California-based broker KPI Logistics.
The FMCSA is looking to the public to help settle a controversy over what constitutes freight brokers, agents and dispatch services.
Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.
ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.
Management from Landstar System is predicting “another great year” even as spot market fundamentals loosen.
Digital broker Transfix posted record results for 2021. The company’s public listing is on track for the second quarter.
FreightWaves’ Kevin Hill chats with SandTable founder Michael Fullam about his recent brokerage launch during the Sales & Marketing Summit.
Communicating expectations with drivers and customers lowers the sales risk in the volatile perishables market.
Truck broker Landstar System announced Wednesday it will use 2021’s record performance to pay shareholders a $2-per-share special dividend.
Universal Logistics misses third-quarter expectations and said it will look to its customers to address wage inflation and accessorial charges at the ports.
Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.
Landstar reports record third-quarter results and calls for a similar performance in the fourth and potentially beyond.
J.B. Hunt Transport Services sidesteps disruption throughout the transportation network to beat analysts’ forecasts.
The logistics arm of Cheema Freightlines announced it has acquired 3PL provider Walker Logistics.
ArcBest announced after the close Wednesday it has entered into an agreement to acquire Chicago-based truckload broker MoLo.
M&A in third-party logistics continues at a high rate. PLS Logistics Services announced it has acquired freight broker D&L Transport.
Small carriers are opting to bring only a power unit to a brokered transaction.
This AskWaves looks at what separates truck dispatchers from truck brokers.
Truck broker Landstar System points to better-than-expected truck volumes and yield trends in the third quarter as reasons to raise its outlook.
The U.S. Senate votes to advance a major infrastructure package that includes new regulations for trucks.
U.S. House passes the five-year surface transportation reauthorization that boosts truck insurance requirements and mandates automatic braking on new trucks.
U.S. Xpress sees brokerage platform Xpress Technologies as a big part of the company’s digital overhaul.
Truck broker Landstar System raises its second-quarter guidance as shipments and pricing outpace its initial outlook.
Knight-Swift announced Tuesday the acquisition of third-party logistics provider UTXL in a $22.5 million transaction.
Independent truck dispatchers are pushing back on potential regulatory changes that could restrict their services.
Anne Reinke provides insight on current concerns and future opportunities as the president and CEO of TIA in keynote address.
Appearing at an investor conference, J.B. Hunt CEO John Roberts said this year’s intermodal bid season will go a long way in determining whether the company curtails the division’s margin target.
Schneider National plans to use its strong cash generation capabilities to reinvest in the fleet during 2021. The carrier will also look to allocate growth capital to its dedicated and intermodal offerings.
Schneider National posted fourth-quarter results ahead of analysts’ forecasts on Wednesday. The company’s 2021 outlook is largely in-line with the current consensus estimate.
Truck broker Landstar System expects high demand and elevated truckload rates to carry through the first quarter of the year. However, the company’s CEO has a bit of a contrarian “pessimistic” view for the second half.
Truck broker Landstar System set records in the fourth quarter. The company is expecting the high-demand environment and improved truckload pricing to carry through at least the first quarter.
Knight-Swift Transportation reports a big jump in results during the fourth quarter. However, while some may view this as a victory lap, investors appear to be calling the end to the TL trade.
J.B. Hunt Transport Services’ fourth quarter outpaces analysts’ forecasts. Brokerage, truck and final-mile divisions benefit from revenue surge.
Uber’s stock dips on a report that Goldman Sachs is looking to unload 38 million shares. The company has made several moves recently to shore up the balance sheet and sustain its cash-intensive brokerage segment.
Indianapolis-based third-party logistics provider FitzMark announces the completion of a majority recapitalization. The transaction allows the brokerage consolidator to further pursue organic growth plans and acquisitions.
Third-party logistics provider FitzMark announces its third brokerage acquisition of the year and fourth in the past two years.
Dispatch services are operating illegally as unlicensed brokers, TIA claims.
Landstar System inches its fourth-quarter expectations higher but cautions that this trucking cycle may not be different from those in the past.
Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.
Truck broker Landstar System handily beats its guidance, which was raised in early September. The company posted its second-best third quarter ever.
Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.
Profit and loss (P&L) sheets provide key insights to a company’s financial performance.
The California Trucking Association is using the decision to support its AB5 appeal.
Landstar System raises earnings outlook on higher truck volumes and pricing improvements. New third-quarter expectations are 25% higher than the midpoint of the previous guidance range.
Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.
Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.
ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.
Management from USA Truck provides upbeat commentary regarding the potential for significantly improved earnings as truckload fundamentals remain firm.
USA Truck’s second-quarter result comes in slightly ahead of expectations, but the carrier extends its losses to four consecutive quarters.
Landstar’s earnings call outlines the company’s better-than-expected guidance.
Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.
J.B. Hunt easily bests consensus forecasts led by better-than-expected intermodal and dedicated results. The back half of 2020 remains hazy on COVID-19 fears.
Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.
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.
Management says “tough pricing environment” muted operational efficiency initiatives.
Hub Group’s first quarter miss included several one-off expenses unlikely to recur. However, volume headwinds are expected to persist in the near-term.
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 activity.
Companies have to work harder than ever to differentiate their offerings from all the other tools and applications flooding the market.
A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.
U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.
Werner’s management team is still pointing to a truckload recovery in 2020 but noted that the first half will be a challenge.
USA Truck’s shares fall after another earnings disappointment. New turnaround initiatives were quantified on the company’s conference call.
USA Truck reports another worse-than-expected loss as it revamps the company.
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.
Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.
Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.
With companies like Convoy achieving a $1 billion valuation in roughly four years, or publicly-traded companies like Uber and Amazon encroaching on the brokerage space, it is getting harder for […]
Titanium Transportation Group sees weaker trends in the quarter, but manages to post a modest profit.
Uber Freight sees loads more than double on a year-over-year basis, but the division’s losses increased as well. Investors will now likely mull over these results as the company’s stock lock-up expiration approaches.
While Hub Group reported a
good quarter, its near-term outlook is pretty rough. In short, Hub Group doesn’t see a peak season coming in 2019.
Payment visibility is a proven builder of carrier loyalty.
TriumphPay announced that it has entered into a new partnership with U.S. Xpress to provide the company with real-time visibility into its brokerage payment services.
Landstar System warns on earnings due to a “tragic vehicular accident” and weaker than anticipated market conditions.
Uber’s second quarter as a public company saw a loss much worse than the consensus estimate. Revenue increased significantly at Uber Freight, so did the losses.
Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”
From their Seattle headquarters, the executive team talks operations, startup culture and the enduring importance of the human factor.
