truckload carriers
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News
Daseke’s second quarter update welcomed by investors
Flatbed carrier Daseke reported five weeks of volume improvement in its second quarter update. The carrier improved its liquidity position through the first two months…
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Daseke ratings review confirms recent downgrade
Daseke’s ratings were confirmed at recently downgraded levels by Moody’s. The report points to the company’s restructuring as a source for a potential ratings upgrade.
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Werner Enterprises enters next phase of leadership
CEO and President Derek Leathers to usher in the next era for Werner Enterprises as founder CL Werner plans exit.
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Clarence Werner steps down as executive chairman of Werner Enterprises
Werner Enterprises’ announced that Clarence L. Werner, its founder and executive chairman, has stepped down as executive chairman. Werner is expected to remain as chairman…
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‘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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Covenant pushes forward with strategic plan as freight market stabilizes
Covenant Transportation Group sees a breakeven April and noted that May trends have “stabilized” as it moves forward with restructuring efforts.
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Pandemic pantry stocking helps Walmart’s fiscal first quarter
Walmart bested analyst expectations as grocery and household items drive comparison sales 10% higher and ecommerce accelerates 74%.
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Worst truckload linehaul data in 15 years may mark the bottom
April’s 20% year-over-year declines in Cass data may mark the bottom of the COVID-19 downturn.
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Investor conference highlights trucking headwinds, tailwinds as economic restart looms
Truckload and transportation companies talk freight markets ahead of reopening with some calling a market bottom in April as spot rates remain below breakeven.
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