truckload

For some essential goods providers, the rush has meant booking full truckload without enough freight to fill the truck.

Anthony and Zach discuss the swelling unemployment numbers as well as the plummeting freight volumes and what the endgame might look like for the COVID-19 outbreak.

Two opposing forces are making the task of transportation management more difficult than ever.

P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.

Three months after its formation, Anthym Logistics sells to BlueGrace.

FreightWaves SONAR clients will have access to Truckstop.com rates

The choice depends on the lane, the freight and the rate.

The Truckload Carriers Association (TCA) will bring an opportunity for education and networking to for-hire carriers, private fleets, associates and driver-training school members, as well as prospects, next month.

Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.

The key metric “net revenue per truck per week” is explained by Chris Henry.

This week marked the first of what looks to be a tough earnings season. See who reported over the past seven days.

US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.

J.B. Hunt’s fourth quarter call addresses some challenges facing its brokerage and intermodal businesses.

J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.

Top 25 less-than-truckload carrier Midwest Motor Express has been acquired by Red Arts Capital and Prudential Capital Partners.

Freight All Kinds: Logistics of commercial construction looks at the shipment of commercial building materials and the “carriers” moving them.

By R. Eddie Wayland, TCA Legal Counsel The United States Court of Appeals for the Ninth Circuit, which covers nine States including California, recently affirmed a decision by the National Labor Relations Board (NLRB) which found that prohibitions on secondary boycotts under Section 8(b)(4)(i)(B) of the National Labor Relations Act (NLRA) do not violate the […]

New group will be the first of it’s kind in transportation The TCA Profitability Program (TPP), an exclusive business performance improvement initiative provided by the Truckload Carriers Association, is pleased to announce the formation of the TPP Data Analytics Group. This unique group will be sponsored by McLeod Software, and meetings will be held semi-annually […]

In the over-the-road truckload for-hire market, there are two major types of trucking rates: contract and spot

On the evening of Friday, December 13, TCA Chairman and Trekker CEO Josh Kaburick and Pilot Flying J’s Wendy Hamilton, recognized nearly 100 professional truck drivers during the 2019 Wreaths Across America (WAA) Washington DC Area Wreath Reception and Dinner. The event was held prior to Saturday’s wreath-laying in Arlington National Cemetery. Nearly 900 people […]

The face of the freight brokerage industry has evolved over the past several years, and veteran brokerages have been forced to rethink their technology strategies in order to keep up.

Liquid and dry bulk carrier TransWood, Inc. announces the acquisition of Kane Transport and its fleet of more than 150 tractors.

R. Eddie Wayland, TCA Legal Counsel Employers may be well aware of the application of the Americans with Disabilities Act (ADA) in situations where an employee or applicant is “disabled” as that term is defined under the ADA. What about a situation in which an employer purportedly discriminates against an applicant because the employer believes […]

Lyboldt urges Washington to take action to repair subpar roadways.

President and chief operating officer, Michael Gettle, who assisted in the corporate restructuring is leaving the company.

Roadrunner Transportation continues to overhaul its portfolio with the sale of its flatbed unit.

The billion-dollar truckload carrier’s failure is one of the largest in industry history.

by FreightWaves’ Linda Baker A limited supply of Christmas trees in Oregon, the country’s No. 1 producer, continues to drive up wholesale and retail costs. The pricetag for Noble Firs doubled compared to five years ago. In the past two years, prices have risen 15% annually. “Supply is definitely tight, said Greg Smith, owner of Molalla […]

TCA and our for-hire carrier members have repeatedly affirmed our support for the Federal Motor Carrier Safety Administration’s (FMCSA) electronic logging device (ELD) mandate. Unfortunately, others in the trucking industry continue to seek exemptions to avoid complying with the rule.  The most recent example of this comes from the Small Business in Transportation Coalition (SBTC). […]

The Truckload Carriers Association’s Truckload Academy has unveiled the next generation of its Fleet Manager Certificate Program. Produced in partnership with CarriersEdge, the new program includes updated content and a new subscription model that allows unlimited participants in a company to complete the program for a fixed monthly fee. Incorporating feedback from participants completing the […]

R. Eddie Wayland, TCA Legal Counsel We have previously discussed the Boeing decision of the National Labor Relations Board (NLRB). In that decision, the NLRB changed its approach to determining whether an employer’s workplace rule violates the National Labor Relations Act (NLRA).  Before Boeing, an employer’s workplace rule would be struck down if it “could […]

by John Kingston, FreightWaves The data is in and it shows pretty clearly what everybody has assumed: In the Southeast at least, the size of the verdicts against trucking companies are on the rise. Data compiled by a company called CaseMetrix is stark in showing how the jury verdicts against trucking companies have gone up over the […]

The Truckload Carriers Association, in conjunction with the TCA Profitability Program (TPP), offers a new, virtual, interactive learning experience available to all professionals in the trucking industry. The Truckload Live Distance Learning model offers a fresh perspective, one which includes facilitation from instructional design experts and a collaborative online classroom. Participants will engage in insightful […]

Mark Rourke, CEO of Schneider National, right, told George Abernathy, president of FreightWaves, that a series of regulations hitting the industry will affect expenses or cut capacity, during his time on stage at FreightWaves LIVE Chicago.

R. Eddie Wayland, TCA Legal Counsel In a recent Legal Comment article, we discussed how the National Labor Relations Board (NLRB) went back to following a rule established by the United States Supreme Court, holding that an employer can bar any nonemployee from soliciting its employees, including union organizers, so long as they bar all […]

TCA Vice President of Government Affairs, Dave Heller and TCA Manager of Government Affairs, Kathryn Sanner On October 21, the public comment period closed for the Federal Motor Carrier Safety Administration’s (FMCSA) Notice of Proposed Rulemaking (NPRM) on hours of service (HOS). More than 2,700 comments were submitted to the Agency, with arguments both in […]

Roadrunner’s third quarter earnings report resembled a triage list indicating that the company’s restructuring path will be a bumpy one.

In a tough freight environment, the Chicago brokerage outpaced Wall Street’s expectations.

J.B. Hunt Transport Services reports earnings light of expectations, but cost headwinds from digital platform transformation appear to be the primary culprits.

The Logistics Managers’ Index (LMI) remained level in September. Trends in the capacity index were in-line with truckload capacity coming out of the market. However, inventory build ahead of peak season appears to be light.

Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that the index is “signaling an economic contraction.”

Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.

Mike Baudendistel, a 13-year equities analyst with deep expertise in rail, intermodal, Jones Act and transportation OEMs, joins FreightWaves as a market expert.

Roadrunner Transportation Systems announced that it has found a replacement for its chief financial officer role as the restructuring continues.

The outlook from JBHT was notably better than the concern around the lack of an uptick in seasonal demand that many carriers expressed at multiple investor conferences in May and June.

Big box retailers rush pre-positioned goods to stores in Southeast to help customers cope with Hurricane Dorian.

Bottled water by the truckload heading to Florida ahead of Hurricane Dorian.

2019’s unfavorable operating environment claims another truckload carrier.

Truckload volumes are now up 4.99 percent year-over-year.

Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.

Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.

Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.

Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.

The transformation continues at Celadon Trucking with former Swift Transportation chief taking the helm.

Roadrunner Transportation Systems reports another large operating loss and announces that it will narrow its focus to its logistics and asset-light LTL segments.

U.S. Xpress sees a tough second quarter, but expects industry fundamentals to firm as excess capacity exits the market.

Celadon’s turnaround gets a shot in the arm with a new three-year financing agreement.

Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.

Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”

eBay’s Managed Delivery will outsource warehousing, transport, and packaging services.

Canadian transportation firm reports a 13 percent increase in net income, helped in part by improved performance from its U.S. truckload businesses.

sennder has now raised nearly €100 million this year across two rounds of funding.

Sandeep Kar has written a thought-provoking article about changes in trucks and how those changes affect truck drivers. He also writes about what the future may hold for truck drivers in the coming years.

The Cass Freight Index Report offers two questions. “Has economic contraction already begun? Will GDP be negative in Q2?”

Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.

Loadsmart, a digital freight brokerage, today announced a collaboration to provide Oracle Logistics Cloud customers instantly bookable truckload rates and guaranteed capacity from its network of carriers directly in Oracle Transportation Management (OTM) Cloud.  Fortune 500 customers such as Kraft-Heinz and The Coca-Cola Company can now leverage Loadsmart’s dynamic routing guide technology within the OTM […]

Two large private carriers are set to combine in a $2 billion deal that rebalances the food and beverage distribution landscape.

Charley Dehoney has written about the growth of digital freight brokerages and what they bring to the market and the industry.

Celadon Group announces a credit facility amendment which extends the maturity date and increases lending capacity.

Transport honchos see better times in 2nd half–maybe

Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.

The report showed further deceleration in the freight markets in May and warns an economic contraction could be underway.

The truckload spot market experienced another month of softness in May, confirming recent commentary that normal seasonality isn’t taking shape.

Truckload carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows.

Landstar announced that it may not be able to meet the low-end of its guidance range as truckload spot market fundamentals remain weak.

A.L.A. Trucking’s 41 drivers and 15 other employees will lose their jobs in the layoff, owner Alan Adams confirmed late Wednesday night.

“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.

U.S. Xpress (NYSE: USX), a Chattanooga-based truckload carrier, reported adjusted earnings per share of $0.15 compared to the consensus estimate of $0.18.

Schneider National, Inc. held  a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.

Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.

Werner Enterprises, Inc. (NASDAQ: WERN), reported non-GAAP adjusted earnings per share (EPS) of $0.52, besting  the consensus estimate of $0.49 per share.