Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.
U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.
Covenant Transportation continues to reallocate equipment to units with a lower risk profile like dedicated.
Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.
The Cass Freight Index sees its steepest decline in shipments since the Great Recession.
Canadian-based carrier Highlight Motor Group receives $55 million private equity investment to accelerate North American expansion.
Outlook for future improvement to earnings is still hazy as Morgan Stanley analyst lowers fourth-quarter estimates for most transportation companies.
Market Expert Zach Strickland provides timely advice for shippers that need to choose either a carrier or a 3PL.
While the truckload carriers are happy to turn the page on 2019, investors in truckload stocks may be hoping for more.
FreightWaves Market Expert Chris Henry provides a look into truckload’s year that was and commentary on a possible path toward consistent profitability.
Planned merger could create largest tank truck carrier in U.S. Heniff Transportation and Superior Bulk Logistics to merge.
The biggest truckload carrier in the U.S. Knight-Swift cuts its fourth quarter 2019 earnings outlook again. The company plans to “revise” its first quarter 2020 guidance in January.
Cass freight data shows softness again in November. While shipment declines extend to a full year, the rate of the declines may be moderating.
Liquid and dry bulk carrier TransWood, Inc. announces the acquisition of Kane Transport and its fleet of more than 150 tractors.
Morgan Stanley eyeing truck capacity constraints and higher rates in 2020, potentially reaching 2018 levels or higher.
The official announcement followed a chaotic weekend of credit, customer, and driver issues,
Truckload stocks get an upgrade at Goldman Sachs. Analyst cites “bottoming” fundamentals and the likelihood that the trucking downturn is nearing the midway point as reasons for the upgrade.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
The world’s largest retailer, Walmart, reports quarterly results ahead of expectations and raises its earnings outlook for fiscal 2020.
