Monthly data from Cass Information Systems showed truckload rates continued to climb in February, even as freight volumes remained pressured.
Cost reductions at J.B. Hunt more than offset a soft demand environment in the third quarter.
Shares of J.B. Hunt surged in after-hours trading on Wednesday after the company posted better-than-expected third-quarter results.
Paschall Truck Lines’ parent Interstate Personnel Services is looking to add temperature-controlled capabilities to its network with the acquisition of J&R Schugel.
J.B. Hunt Transport Services promotes Brad Delco to chief financial officer.
Trimac adds to its specialized and flat deck offerings with the acquisition of Searcy Trucking.
Knight-Swift Transportation modestly beats second-quarter expectations and provides an inline outlook for the third quarter.
Hotlanta’s tender rejections peaked at 11.2%.
Tender rejections are at 6% and rising, two weeks before the holiday.
Transportation metrics were mixed in April, according to the Logistics Managers’ Index.
Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.
J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.
The July Logistics Managers’ Index points to a freight market recovery, a Tuesday report showed.
Shipments and cost data for May show no letup in the freight downcycle.
Truckload carrier Werner Enterprises’ CEO noted some reasons for optimism at an investor conference.
Former FreightWaves analyst turned hedge fund manager Seth Holm shared his outlook for transportation stocks at Future of Supply Chain on Wednesday.
Heartland Express said Tuesday weak freight fundamentals led to another net loss during the first quarter.
First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.
A prolonged period of elevated expenses has some fleets harnessing the power of the sun to mitigate the impact.
Cass freight data for January shows continued weakness, but the month included harsher-than-normal winter weather.
