Workhorse turns to stock offering for additional capital

Workhorse turns to stock offering for additional capital

Workhorse Group, a technology company focused on offering sustainable mobility solutions, announced a new public offering of its common stock to raise additional funds as it works towards profitability.

Read More

BNSF's second quarter OR comes in weakest of the class 1 railroads

BNSF's second quarter OR comes in weakest of the class 1 railroads

The class 1 railroad owned by Berkshire Hathaway had the worst OR of any of the class 1 railroads for the second quarter.

Read More

Roadrunner's still losing money, but there are positive signs in its earnings

Roadrunner's still losing money, but there are positive signs in its earnings

Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.

Read More

Today's pickup: everybody wants to know when the market peak is happening

Today's pickup: everybody wants to know when the market peak is happening

In today’s pickup, CEOs on analysts calls don’t see a peak and see better driver retention for their companies. Also: OPEC output and a change in Chinese scrap policy.

Read More

U.S. Xpress' first post-IPO earnings report has two significantly better numbers: OR and debt

U.S. Xpress' first post-IPO earnings report has two significantly better numbers: OR and debt

Receipts from the June IPO allowed a significant reduction in debt while other initiatives cut its OR to the lowest level in years.

Read More

Schneider benefits from tight capacity, strong pricing to post 15% revenue growth

Schneider benefits from tight capacity, strong pricing to post 15% revenue growth

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.

Read More

Hub Group stock jumps 10.8% on aggressive guidance for fall peak season

Hub Group stock jumps 10.8% on aggressive guidance for fall peak season

Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.

Read More

ArcBest finalizes labor contract with Teamsters, reports strong second quarter earnings

ArcBest finalizes labor contract with Teamsters, reports strong second quarter earnings

ArcBest Corporation (NASDAQ: ARCB) recently finalized a new 5-year contract with the International Brotherhood of Teamsters. The new contract brought “major gains” for members, including vacation restoration, wage increases and health benefit preservation.

Read More

Universal Logistics has a bangup quarter, but not satisfied with its automotive or dedicated segments

Universal Logistics has a bangup quarter, but not satisfied with its automotive or dedicated segments

All of the metrics were strongly positive, but the CEO expressed disappointment with two of its main activities, automotive and dedicated

Read More

USA Truck's performance was helped by something it didn't want to happen: OEMs aren't delivering trucks on time

USA Truck's performance was helped by something it didn't want to happen: OEMs aren't delivering trucks on time

USA Truck had an aggressive plan to add trucks to its fleet, but delays at the OEMs are falling short of the targets.

Read More

Old Dominion smashed through the 80 mark in its second quarter operating ratio

Old Dominion smashed through the 80 mark in its second quarter operating ratio

It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.

Read More

Forward Air stock pops 6.45% on earnings beat

Forward Air stock pops 6.45% on earnings beat

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.

Read More

Knight-Swift Transportation misses earnings mark with lagging refrigerated segment

Knight-Swift Transportation misses earnings mark with lagging refrigerated segment

Knight-Swift Transportation Holdings (NYSE: KNX) reported revenue growth and rising income across much of the company, with the notable exception of Swift’s refrigerated segment, during its second quarter 2018 earnings call.

Read More

Rush Enterprises posts revenue gain on strong used-truck sales, aftermarket business

Rush Enterprises posts revenue gain on strong used-truck sales, aftermarket business

Rush Enterprises posted an increase in second-quarter revenue buoyed by strong used-truck sales and significant growth in its aftermarket business, which accounts for 64.8% of the company’s gross profits.

Read More