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.
