brokerage

Specialized brokers provide leg up in strained flatbed market

Flatbed trucks move down the road. (Photo: Jim Allen/FreightWaves)

The outlook remains positive for both the housing and general construction markets. This market strength — paired with the relatively small number of flatbed carriers — means flatbed capacity is in high demand and difficult to secure. As shippers navigate this strained environment, they should consider whether their current 3PL partners are best suited for their needs. 

“Flatbed shipping is specialized. There are many more variables in terms of types of trailers and the required securement...

https://www.freightwaves.com/news/specialized-brokers-provide-leg-up-in-strained-flatbed-market

J.B. Hunt sees runway for high demand; small carriers could struggle

JBI "turning down thousands of loads per week."

J.B. Hunt Transport Services continues to see demand for its services exceed capacity. Management from the company noted moderation in the spot truckload market on a call with analysts Monday night but said that pressure on rates is likely more of a hurdle for smaller carriers not operating under contractual arrangements.

“As we sit here today, demand for our services, and in particular the asset side of our business, is the strongest I’ve seen in my 27-year career at the company,” Chief...

https://www.freightwaves.com/news/jb-hunt-sees-runway-for-high-demand-small-carriers-could-struggle

J.B. Hunt handily beats Q1 expectations

J.B. Hunt rig on highway

J.B. Hunt Transport Services reported first-quarter 2022 earnings per share of $2.29 Monday after the market closed, 92 cents better year-over-year and 35 cents ahead of the consensus estimate.

Gains on equipment sales were a tailwind, up $18 million year-over-year.

Consolidated revenue increased 33% year-over-year to $3.49 billion with all the company’s segments reporting an increase. Revenue was 27% higher year-over-year excluding the impact of fuel surcharges.

J.B. Hunt’s (NASDAQ: JBHT)...

https://www.freightwaves.com/news/jb-hunt-handily-beats-q1-expectations

Radiant Logistics chats value creation on earnings call

Valuation key focus at Radiant

Management from Radiant Logistics fielded questions from analysts and investors most concerned with the company’s low valuation on a Monday call after the market closed. The stock has been largely range-bound in recent years even as its earnings have grown fivefold.

The third-party logistics provider reported adjusted earnings per share of 24 cents for the fiscal second quarter ended Dec. 31. The result was ahead of a range of consensus estimates between 12 cents and 14 cents and the year-ago...

https://www.freightwaves.com/news/radiant-logistics-chats-value-creation-on-earnings-call

Radiant Logistics adds global freight platform Navegate in $35M deal

Radiant finally lands its next deal

Third-party logistics provider Radiant Logistics announced Monday the acquisition of global freight management platform Navegate for $35 million.

Headquartered near Minneapolis-St. Paul, Navegate provides digital logistics services internationally and domestically out of offices in Chicago and Shanghai. Its offerings include customs brokerage, freight forwarding and truck brokerage, as well as drayage and transload services. The company’s proprietary trade platform provides advanced purchase...

https://www.freightwaves.com/news/radiant-logistics-adds-global-freight-platform-navegate-in-35m-deal

Radiant Logistics seeing high demand from every industry

Robust environment allows Radiant to pursue cash deployment initiatives

Radiant Logistics again announced record quarterly results during its fiscal first quarter ended Sept. 30. The third-party logistics provider reported 21 cents in adjusted earnings per share, 11 cents better than consensus and 8 cents higher year-over-year.

Every vertical Radiant (NYSE: RLGT) serves, other than the cruise line industry, is seeing significantly higher-than-normal demand.

“Everything is a firefight right now and what traditionally were easy moves [international air and ocean...

https://www.freightwaves.com/news/radiant-logistics-seeing-high-demand-from-every-industry

Project44’s Cooperative makes real-time data actionable for 3PLs

Global supply chain visibility provider project44 on Thursday announced that after testing with an undefined number of its third-party logistics customers, it has produced its newest tool, Cooperative.

Using real-time data from the 150,000 truckload carriers within the company’s network, along with data from more than 300,000 shipments those carriers perform every week, 3PLs can now leverage that information to make better freight-matching decisions.

In the announcement, project44 made it clear...

https://www.freightwaves.com/news/project44s-cooperative-makes-real-time-data-actionable-for-3pls

Radiant Logistics posts record FQ4 results

Radiant looking at acquisitions again

Third-party logistics provider Radiant Logistics announced record results Thursday after the market close. The Renton, Washington-based company reported adjusted earnings per share of 20 cents, 2 cents higher year-over-year but a penny light of consensus, for its fiscal fourth quarter ended June 30.

On a call with analysts, management said demand has returned in all of the verticals it serves except for the cruise line industry. Pressed about the emergence of the delta variant and a recent...

https://www.freightwaves.com/news/radiant-logistics-posts-record-fq4-results

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