2021 guidance

Schneider Q4 ahead of forecasts, 2021 outlook in-line

TL division sees 86% ORLINK TO FULL REPORT

Schneider National (NYSE: SNDR) reported adjusted fourth-quarter earnings per share of 44 cents Wednesday, 5 cents ahead of consensus and 7 cents better than the 2019 fourth quarter.

The Green Bay, Wisconsin-based truckload carrier issued 2021 adjusted EPS guidance of $1.45 to $1.60 compared to the current consensus estimate of $1.55.

The company’s TL segment saw a 5% year-over-year decline in revenue with the average truck count down 6% and revenue per truck up 1%. The...

https://www.freightwaves.com/news/schneider-q4-ahead-of-forecasts-2021-outlook-in-line

Daseke sharpens focus; M&A in ‘crosshairs’

Daseke sets sights on M&A

Daseke’s (NASDAQ: DSKE) go-forward strategy will expand on its recently completed operational restructuring and include accretive acquisitions. Those plans were outlined in an interview FreightWaves had with Interim CEO Jonathan Shepko and CFO Jason Bates.

On Friday, the nation’s largest flatbed truckload provider reported fourth-quarter adjusted earnings per share of 12 cents, excluding results from a divested unit. That was better than the consensus expectation calling for a 4-cent loss and...

https://www.freightwaves.com/news/daseke-sharpens-focus-ma-in-crosshairs

Daseke beats Q4 EPS, operating results slide slightly

Daseke's Q4 EPS doubles year-over-year

Flatbed truckload company Daseke (NASDAQ: DSKE) saw trends moderate in the fourth quarter compared to a third-quarter blowout, which benefited from an increase in highly profitable project freight. Management cautioned investors on the third-quarter call that a fourth-quarter repeat was unlikely.

On Friday, the Addison, Texas-based company reported fourth-quarter adjusted earnings per share of 12 cents, excluding the divestiture of its energy business Aveda, which was better than the consensus...

https://www.freightwaves.com/news/daseke-beats-q4-eps-operating-results-slide-slightly

Moody’s views US freight rail as ‘stable’ in 2021

A photograph of a Union Pacific train hauling intermodal containers.

Moody’s Investor Services has upgraded its outlook for the North American rail industry from negative to stable amid expectations that rail volumes will continue to grow in 2021.

Moody’s expects volumes for most types of freight to grow over the next 12 to 18 months, with intermodal shipments rising at “a mid-single-digit pace,” the bond credit rating firm said Friday.

That intermodal growth will be driven by several factors, including Moody’s expectations for consumer spending and currently low...

https://s29755.pcdn.co/news/moodys-views-us-freight-rail-as-stable-in-2021

Knight-Swift puts up the Q3 analysts were expecting

Knight truck on highway

The nation’s largest truckload (TL) carrier, Knight-Swift Transportation (NYSE: KNX), on Wednesday posted third-quarter results closer to what analysts and onlookers were anticipating.

After a couple of lackluster third-quarter reports from TL carriers, Knight-Swift reported a third-quarter beat and a 2020 guidance raise, and it didn’t contain its exuberance over current TL market fundamentals, issuing better-than-expected full-year 2021 guidance. Usually carriers wait until the release of...

https://www.freightwaves.com/news/knight-swift-puts-up-the-q3-analysts-were-expecting

Knight-Swift raises outlook for 2020, 2021 well ahead of forecasts

Swift truck on highway

In a rare move, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) issued full-year 2021 guidance a full quarter ahead of schedule. The Phoenix-based truckload (TL) and transportation provider said it expects 2021 adjusted earnings per share (EPS) to be in the range of $3.20 to $3.40, well ahead of the current consensus estimate of $2.90 according to Seeking Alpha.

On Wednesday, the company posted third-quarter adjusted EPS of 79 cents, ahead of the consensus estimate of 64 cents and the 2019...

https://www.freightwaves.com/news/knight-swift-raises-outlook-for-2020-2021-well-ahead-of-forecasts