“June is a big month in the second quarter historically…and if we don’t see it here in the month of June you really have to question what we are going to see in July and August,” said Rourke.
While the degradation was seen across most sectors, the transports are seeing outsized declines.
Celadon entered into the seventeenth amendment of its credit facility to provide the company with liquidity through June 28, 2019.
Freight matching startup SmartHop has built a technology platform that helps truckers plan, search and book their loads in a fraction of the time it takes to sift through traditional load boards.
FreightWaves spoke with Werner’s President and Chief Executive Officer Derek Leathers and Chief Financial Officer John Steele regarding the recent announcement in changes to the capital structure.
U.S. Xpress provides some color on the company and the freight environment.
Werner announced a special cash dividend of $3.75. WERN’s last special dividend was $1.50 per share in 2012.
While the degradation was seen across most sectors, the transport sectors saw large declines.
Expedited carriers and brokers discuss the reasons for weakness in expedited spot markets.
Convoy, a freight-matching and supply chain solutions technology company, has been named Anheuser-Busch’s Non-Asset Carrier of the Year.
Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-year. Total revenue increased 1 percent year-over-year to $206 million with net revenue climbing 8.5 percent to […]
Too much to talk about with too little time. Several key industry topics were bantered about by some of the best thought leaders in the industry on the final day of Transparency19. In a panel discussion, “The Bull, the Bear and the Other Guy,” moderated by FreightWaves President George Abernathy, insight was provided about the […]
Take an antiquated trillion dollar industry, machine learning and artificial intelligence, investors chasing higher yields and a few industrious solutions-oriented individuals and you get an emerging industry – high-growth freight tech. This was the conversation of the High-Growth CEO Panel at Transparency19. John Engstrom, Vice President of Investment Banking Transportation and Logistics at Stifel, moderated […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share compared with the break-even consensus estimate. The asset-right and asset-light logistics service provider’s reported revenue of $507.1 million in the first quarter of 2019 was down 11 percent year-over-year. Its operating loss was $20.8 million compared to a $13.4 million operating loss […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share versus the break-even consensus estimate. The asset-light logistics service provider’s first quarter 2019 loss was much lower than the more than $15 per share loss seen in first quarter 2018, even after a 1-for-25 reverse stock split, which was more than offset […]
The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus estimate of a loss of $0.09 per share. Management held a conference call to discuss these results with analysts and the media. On the call, […]
Daseke, Inc. (NASDAQ: DSKE), the largest flatbed, specialized transportation and logistics solutions company in North America, reported first quarter 2019 adjusted net income of $1.8 million in the period, $3.8 million lower year-over-year, or $0.03 per share, compared to the consensus estimate of ($0.09) per share. Revenue increased 32 percent year-over-year to $433 million, up […]
WEX, Inc. (NYSE: WEX), a multi-channel provider of corporate payment solutions, reported earnings of $1.72 per share, down 9 percent year-over-year, but $0.03 per share higher than the consensus estimate. Additionally, the company increased earnings guidance for the year. Total revenue increased 8 percent to $381.9 million. Adjusted operating margin was 470 basis points lower […]
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
U.S. Xpress held a call with analysts and the media to discuss its first quarter 2019 earnings, which were $0.15 per share compared to the consensus estimate of $0.18.
