brokerage margins

Freight factoring can alleviate challenges of shrinking margins

For freight and transportation companies, steady revenue streams are vital. Particularly for carriers with fleets of equipment and full-time employees, operating expenses are never-ending and can quickly drown organizations without consistent cash flow. 

Shrinking margins tend to have a cascading effect in freight, with many brokers and carriers struggling to meet financial goals. Currently, it’s a shipper’s market with freight rates at historic lows. To make matters more difficult, carriers...

https://www.freightwaves.com/news/freight-factoring-can-alleviate-challenges-of-shrinking-margins

J.B. Hunt blows past Q4 expectations

Intermodal segment margins improve as pricing steps higher

J.B. Hunt Transport Services handily beat fourth-quarter estimates Tuesday after the market closed, posting earnings per share of $2.28, well ahead of the $2.02 consensus estimate.

The Lowell, Arkansas-based company reported year-over-year revenue growth across all of its segments, 28% higher on a consolidated basis at $3.5 billion, with increased freight rates outpacing incremental costs associated with operating in an overwhelmed supply chain. J.B. Hunt (NASDAQ: JBHT) posted a 90.8% operating...

https://www.freightwaves.com/news/jb-hunt-blows-past-q4-expectations

USA Truck’s management team upbeat on earnings recovery

USA Truck truck on highway

Management from truckload (TL) carrier USA Truck (NASDAQ: USAK) didn’t back down Tuesday from the assertion that recent investments in a regionalized freight model as well as technology could produce significantly higher earnings.

Management said during its earnings conference call with investors that it believes there is roughly 500 basis points of potential operating ratio (OR) improvement in the TL division if rates were to climb back to year-ago levels. This would produce an OR, operating...

https://www.freightwaves.com/news/usa-trucks-management-team-upbeat-on-earnings-recovery

USA Truck’s adjusted Q2 loss modestly better than expected

USA Truck rig in transit on highway

Truckload (TL) carrier USA Truck (NASDAQ: USAK) reported a second-quarter 2020 adjusted net loss of $513,000, or 6 cents per share, compared to analysts’ forecasts for a 9-cent-per-share loss.

Consolidated revenue declined 7.4% year-over-year to $124 million, down only 3% excluding fuel surcharge revenue.

“The second quarter of 2020 was unlike any quarter we have seen in transportation, producing unprecedented day to day and week to week swings in freight and pricing due to the COVID-19...

https://s29755.pcdn.co/news/usa-trucks-adjusted-q2-loss-modestly-better-than-expected

‘Uncertainty’ clouds second-half visibility for J.B. Hunt

J.B. Hunt intermodal truck on highway

Management from J.B. Hunt Transport Services (NASDAQ: JBHT) had a “cautious tone” on the company’s second-quarter earnings conference call with analysts when discussing expectations for the remainder of the year. The lack of an update on future freight demand largely stems from uncertainty on the part of its shipper client base. Accelerating frequency in COVID-19 cases and the fear of another wave of the virus has limited visibility into the third quarter and beyond.

The Lowell, Arkansas-based...

https://s29755.pcdn.co/news/uncertainty-clouds-second-half-visibility-for-j-b-hunt

Brokers push back against Trump’s price-gouging claims

Representatives of the truck brokerage industry swiftly refuted President Donald Trump’s allegations of price gouging against small-business truck drivers after the President took sides with the drivers on the issue.

Trump, who tweeted his support for the drivers during last week’s “May Day” demonstration rally held by truckers near the White House, maintained that they are being “price gouged” when asked today (May 8) about the allegations – and what he plans to do about it – by a co-host of...

https://s29755.pcdn.co/news/brokers-push-back-against-trumps-price-gouging-claims