Picking transport stocks in 2022 will not involve a blanket approach, according to Deutsche Bank. However, there are still several companies with significant upside potential.
Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.
A rule requiring vaccines for employees, or weekly testing for workers declining vaccination, at companies with staff of 100 or more gets emergency stay.
Notable cost headwinds around driver sourcing and equipment downtime weighed heavily on Werner Enterprises’ third-quarter results. But the carrier still raised long-term margin expectations.
Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.
Small carriers are opting to bring only a power unit to a brokered transaction.
More trucking heads weigh in on rate expectations for 2022. Following a sizable rate bump this year, it appears that rates could move considerably higher again next year.
Rate predictions for the truckload market are coming in earlier than in past years. High consumer demand along with a lack of drivers and equipment has industry participants calling for further increases.
Werner claims it will face a “significant burden” if regulators do not provide more flexibility in how truck driver licenses are issued.
A 3-judge panel was ready to rule on the carrier’s appeal, but a larger group of judges will now render an opinion.
The Omaha, Nebraska-based transportation and logistics provider reported second-quarter adjusted earnings of 86 cents per share.
Cummins is working with Air Products to convert about 2,000 trucks fore the world’s largest maker of hydrogen. gas
Interstate Personnel Services announced the acquisition of Missouri-based dry van truckload carrier Transport Distribution Co.
Heartland Express records its best consolidated operating ratio since its last acquisition was fully integrated.
Transportation and logistics provider Werner Enterprises announced it has acquired an 80% equity stake in ECM Transport Group for $142.4 million. Werner has the option to purchase the remaining 20% of the 500-truck fleet after five years.
Commentary from trucking executives at an investor conference suggests the capacity crunch may last well into next year.
Werner Enterprises CEO Derek Leathers says electrification and other technologies are coming quickly to trucking, and he wants his company out front.
TuSimple’s autonomous trucks cut 42% off delivery time for a load of watermelons for Los Angeles-based produce giant Giumarra Cos.
HP is shipping a weekly load of computer printers on supervised robot semis from Embark Trucks, which is growing its partner network.
Werner Enterprises announced Tuesday the board approval of a planned transition that moves its founder, CL Werner, to chairman emeritus, with CEO Derek Leathers becoming chairman.
