Plus, two trucking firms close, harassment claims at TIA conference, a 19.5% week-over-week drop in spot loads, and more.
Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
Pam Transportation reports over 60% YoY drop in Q2 operating income despite increase in service, impacted by 18% decline in revenue per loaded mile.
Pam Transportation Services reported a 60% YoY decrease in operating income in Q2, even as average trucks in service, total loads, and loaded miles increased, due to an 18% decline in revenue per loaded mile. Despite a 9% increase in trucks in service and loads attributed to the acquisition of Metropolitan Trucking last June, the truckload segment saw a significant operating ratio increase, and the company's logistics unit reported a 9% YoY decline in revenue. Earnings per share for Q2 dropped 66 cents YoY, and shares of PTSI were down 2.3% on Thursday.
Source: FreightWaves
Todd Maiden
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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