🎣 J.B. Hunt Up 22%
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Three LTL companies are set to benefit the most from Yellow Corp's bankruptcy.
Unseasonable surge in demand for domestic transportation offers a glimmer of hope, with OTVI up 7% versus month-ago levels.
Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
US box demand remains weak, reflecting stunted goods economy—no growth seen in six years.
Knight-Swift's profit dips in Q2 as U.S. freight demand dwindles and revenues across trucking units drop sharply.
Pam Transportation reports over 60% YoY drop in Q2 operating income despite increase in service, impacted by 18% decline in revenue per loaded mile.
Dissecting the controversy over a JB Hunt graphic shared in our recent newsletter, which critics called misleading due to its presentation of income figures.
Yellow's potential bankruptcy amid a union dispute threatens to disrupt the less-than-truckload industry significantly.
Despite expectations, Class 8 truck orders remain steady. With all order slots filled, the production for Q4 2023 is anticipated to be strong.
JB Hunt reports an 18% YoY drop in Q2 revenues due to a persistently weak freight market. The company seeks cost-effective strategies.
J.B. Hunt reports Q2 earnings, impacted by weaker demand, with uncertainty around 2023 peak shipping season.
ATA's For-Hire Truck Tonnage Index shows a 0.8% YoY dip in truck tonnage for June, despite a month-to-month rise. Freight market remains in a down cycle.
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