Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) reported first quarter 2019 adjusted earnings of $0.55 per share compared to analysts’ expectations of $0.52 per share.
Heartland Express, Inc. (NASDAQ: HTLD) announced a first quarter 2019 profit of $0.21 per share, which was $0.02 ahead of analysts’ estimates.
J.B. Hunt’s (NASDAQ: JBHT) earnings report have some questioning if the truckload (TL) carriers are likely to miss earnings now and how will the stocks perform moving forward.
P.A.M. Transportation Services, Inc. announced first quarter 2019 earnings of $0.99 per share excluding a $0.40 per share gain on marketable securities. Pre-tax income increased $5.1 million y/y.
With first quarter 2019 earnings set to kickoff on Monday, April 15, FreightWaves is looking at expectations for the transportation stocks.
In partnership with Reliance Partners …Data analytics and machine learning can help companies irrespective of the size of their data sets, as long as the data being captured is of good quality and is specific to the required operational needs.
On a call with freight procurement intelligence company, Beroe, Inc., the firm discusses its outlook for global road freight growth of 4 to 5 percent.
In partnership with Reliance Partners …What occurred in Alabama and Georgia is devastating and something that can happen suddenly in any area of the U.S. prone to this type of weather. It’s important to consistently communicate with drivers on how to remain safe under such conditions, as we can’t control the weather regardless of how much we monitor it.
Protecting market share is part of the battle over longer trucks.
BlueGrace Logistics celebrated its 10-year anniversary on February 22. Founded in 2009 with only eight employees, the company currently has 600 employees and is one of the largest third-party logistics (3PL) providers in the United States.
Haulynx adds the turn-by-turn navigation feature to its software app, integrating it with the smart load matching algorithm it was previously offering. Based on the available hours of service, geographic location, and truck type, Haulynx will suggest loads that can maximize truck capacity utility.
Strong Q4 drives full-year performance.
Ruckit specializes in trucking management software for the heavy construction and materials marketplace and brings transparency by networking the TMS systems of the stakeholders involved in a hauling process.
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
In partnership with Reliance Partners …Cargo theft in absolute numbers is minuscule. But that does not negate the havoc it plays on the image of the carrier in question, and the supply chain disruptions it leaves at its wake.
Logistics startup Opus9 provides automated and digital transportation services for small and medium companies to ship truckload and LTL nationwide.
Is the economy still healthy? Are people still making things, shipping things, and buying things? According to the railroad car data, the answer is a definitive “Yes.”
Since its founding in 1935, Schneider has only known three leaders: founder Al Schneider, his son Don Schneider, and Chris Lofgren, the first non-family member to lead the company. Come April 2019, you can add the name Mark Rourke to that list.
JD Walker’s son, Lance Cpl. Jeffrey Walker, was killed in Iraq over 11 years ago. In a few short weeks, Walker will deliver a truckload of remembrance wreaths to Arlington National Cemetery in honor of his son and other deceased veterans as part of the annual Wreaths Across America initiative.
By David Heller, Vice President of Government Affairs, Truckload Carriers Association Detention time is certainly not a new issue, but recent developments, particularly the advent of the electronic logging device (ELD) mandate, are giving the trucking industry more data and ammunition to accomplish positive change. After several years of releasing reports on detention time, in […]
Knight-Swift Transportation reported strong earnings on Wednesday, and it was immediately met with praise from Morgan Stanley analyst Ravi Shanker, who wrote in a note that the company’s stock is a “relative buy, at worst, in our view.”
CEO David Parker expects very strong demand in Q4 and Covenant to shift further to dedicated capacity in 2019 in an effort to “get deeper into the supply chain.”
Uber Inc. has introduced Powerloop, an affiliate company to Uber Freight, which would rent out power-only trailers to carriers looking to grow their business and thereby ease the industry’s capacity crunch.
Rail seems to be benefiting from higher diesel prices and capacity constraints with SONAR data suggesting more loads are shifting to intermodal in shorter lengths of haul.
Driver churn continues to plague the industry as the turnover rate at large truckload carriers has reached its highest point in five years.
FreightWaves spoke to GlobalTranz CEO Bob Farrell and AFN Logistics CEO Owen Schnaper about the deal.
Probably to no great surprise to attendees in the room, American Trucking Associations’ Chief Economist Bob Costello painted a very positive picture of the current and near-term freight environment during the ATA’s 2nd Annual Economic Summit last week in Washington, DC.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.
Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.
The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.
Werner Enterprises had a strong second quarter, trouncing analyst consensus on its expected performance. Here are some of the highlights from its earnings release.
A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.
Penske Logistics has reached agreement in principle to acquire Epes Transport Systems, of Greensboro, NC. The deal, expected to be finalized in the next few weeks, will add over 1,200 units to Penske Logistics.
The year 2018 is shaping up as one not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.
The Richmond-based carrier was privately held with approximately $100 million in revenue.
While producer price inflation for the overall service sector has remained fairly benign, hovering between 2-2.5%, freight trucking inflation has been accelerating rapidly. After a dismal 2-year period of declining rates within the trucking industry, prices have picked up, with inflation reaching a 6-year high in January.
Fleet execs are talking about the driver shortage as if it were the worst thing to happen in the industry, but they should be thankful. It keeps gives fleets pricing power.
If retailers can’t realize savings by wringing efficiencies out of their supply chain, they are doomed to smaller margins, and it could be apocalyptic if they significantly raised prices on customers.
According to the Department of Transportation, nearly 20% of all trailers are traveling empty down the highway. That doesn’t account for trailers that are running less than full. That empty space, whether it is enough room for one pallet or ten, is a revenue opportunity lost.
Harvey is the kerosene to accelerate the trends towards a major capacity crunch in the truckload industry. With as much as ten percent of capacity being impacted, combined with surpluss demand coming from relief and rebuilding- the truckload market capacity is expected to be super tight
In a stock swap valued at $6 billion, truckload operators Knight Transportation and Swift Transportation have agreed to a merger. The new company, Knight-Swift Transportation Holdings, will have approximately 23,000 tractors, 77,000 trailers, 28,000 employees and control approximately 5% of the nation’s truckload market.
