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https://www.freightwaves.com/news/daily-infographic-tip-for-creating-a-successful-rfp
Third-party logistics provider Radiant Logistics (NYSE: RLGT) noted strength across all of its transportation offerings on a call with analysts and investors Monday. Management said the brick-and-mortar retail segment continues to improve and that the company is even seeing some bookings for events and trade shows.
The Bellevue, Washington-based company reported record fiscal third-quarter adjusted net income of $9.1 million, or 18 cents per share, for the period ended March 31. The result was...
https://s29755.pcdn.co/news/radiant-logistics-posts-record-fq3-focuses-on-buybacks-and-ma
The nation’s largest truckload carrier, Knight-Swift Transportation (NYSE: KNX), reported Wednesday fourth-quarter adjusted earnings per share of 94 cents, ahead of the consensus estimate of 91 cents and well ahead of the year-ago result of 55 cents.
The Phoenix-based company reported continued improvement in its truckload segment with revenue, excluding fuel, up 9% year-over-year and adjusted operating income climbing 64%. Revenue per tractor increased 11% as rate per loaded mile, excluding...
https://www.freightwaves.com/news/knight-swift-q4-first-look-big-improvement-as-expected
Freight brokers play an important role in the transportation ecosystem – bridging the gap between empty trucks and shippers with product to move. As integral as the job is, it can also be frustrating as they prospect using tools that have been largely the same for years. The tools force them to send hundreds of emails and make dozens of calls each day, usually to prospects who have little to no interest in what they are offering. Most of those reach-outs never lead anywhere, and the ones that...
https://www.freightwaves.com/news/turn-questionable-suspects-into-actual-prospects
Technology at its best adapts to a changing world and provides convenient solutions for real-world problems when they are needed most. This is technology’s greatest asset, but it can also feed into tech’s existing accessibility problem. When the “must-have” tools change at breakneck speed, it is difficult for small and midsize companies to keep up. Ironically, these are the same companies that stand to benefit the most from timely adoption.
Small and midsize companies – brokers and carriers...
https://s29755.pcdn.co/news/early-tech-adoption-making-money-in-a-volatile-market
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https://www.freightwaves.com/news/daily-infographic-freight-broker-ethics-guide
Universal Logistics Holdings’ (NASDAQ: ULH) earnings bounced back in the third quarter after pandemic-induced lows during the prior three-month period.
The Warren, Michigan-based truckload and logistics company’s net income rose to $13.6 million for the third quarter and earnings per share of 50 cents. Second-quarter net income was $6.2 million, down 69% from the same period last year, and 23 cents per share.
The third-quarter results were a 261% turnaround compared to the same quarter in 2019,...
https://www.freightwaves.com/news/universal-logistics-rebounds
The biggest takeaway from Schneider National’s (NYSE: SNDR) third-quarter report may have been the announcement of a $2-per-share special dividend, which at least temporarily answered the questions around how the company would deploy its sizable cash position.
The $355 million special dividend represents less than half of the $769 million in cash on the balance sheet. Even after the Nov. 19 payment, the company will have ample cash to pursue other initiatives, including acquisitions....
https://s29755.pcdn.co/news/schneiders-special-dividend-overshadowed-by-lackluster-q3-trends
Author Simon Popley, senior partner of leadership and coaching for Logistics Executive Group, wrote in 2018 about trust and the difficulty in achieving it within the supply chain.
“Understanding the nature of trust is important,” he wrote. “The problem with a word like ‘trust’ is that we all believe we understand it. ‘Trust,’ in at least that sense, is taken for granted. That makes it all the more critical to ensure all parties involved in any given supply chain activity or process are well...
https://www.freightwaves.com/news/technology-helps-close-the-trust-gap-within-the-supply-chain
J.B. Hunt Transport Services (NASDAQ: JBHT) reported third-quarter earnings per share of $1.18, 9 cents below analysts’ expectations. The result was ahead of the 2019 third-quarter result of $1.10, but that period included $0.30 per share in arbitration charges related to the final award to BNSF Railway Company.
Total revenue of $2.47 billion was 5% higher year-over-year and ahead of the consensus estimate calling for revenue of $2.36 billion. The revenue increase was largely driven by a 25%...
https://s29755.pcdn.co/news/earnings-alert-jb-hunt-misses-3q-expectations