Covenant Transportation Group sees a breakeven April and noted that May trends have “stabilized” as it moves forward with restructuring efforts.
Walmart bested analyst expectations as grocery and household items drive comparison sales 10% higher and ecommerce accelerates 74%.
April’s 20% year-over-year declines in Cass data may mark the bottom of the COVID-19 downturn.
Truckload and transportation companies talk freight markets ahead of reopening with some calling a market bottom in April as spot rates remain below breakeven.
Daseke selects current flatbed head to lead operations amid a multi-year restructuring effort.
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.
Excluding several items, Daseke reported a near break-even first quarter. Demand headwinds in most of the markets it serves have ‘plateaued’ in recent weeks.
FreightWaves President George Abernathy interviews President and CEO of Werner Enterprises Derek Leathers to discuss the pandemic, the economy and technology.
ArcBest managed through the first quarter largely unscathed by the coronavirus outbreak. That has all changed in April as revenue is off 20% year-over-year.
The global pandemic offers industry players the chance to trade competition for collaboration and disrupt the status quo.
Dan Cushman retiring after 11 years as the head of P.A.M. Transportation. The search is underway for a permanent replacement.
A better than expected first quarter yields to expectations that a recovery may not occur until June. Some of Schneider’s customers are starting up again, but demand in May will likely be choppy.
Schneider reports TL volumes are down upper single-digit percentages in late April, but notes that some of its customers shutdown by COVID-19 are set to come back online.
Favorable customer mix to make Werner’s truckload model a little more defensive through the downturn.
Werner believes its consumer-heavy shipper base will allow the company to ‘more effectively manage through’ the downturn.
Covenant continues to reshape the company in efforts to better focus on contract logistics and improve its financial structure.
Jason Bates will fill the vacant CFO role at Daseke after three years in the same role at USA Truck.
Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.
Heartland Express’ better than expected result was diminished by the lack of gains on equipment sales.
