RoadOne breaks ground on 100-acre site near Port of Charleston

RoadOne IntermodaLogistics announced it has broken ground on a 100-acre distribution and transloading facility near the Port of Charleston.

The Summerville, South Carolina, site will be constructed in two phases. The company plans to open a 384,800-square-foot facility with 13 acres of trailer and container parking in January. A second phase will be completed in January 2027 and will add 279,720 square feet of space and 10 acres of parking.

The locations will be fenced, gated, lighted and...

https://www.freightwaves.com/news/roadone-breaks-ground-on-100-acre-site-near-port-of-charleston

Brittain Ladd brings bare-knuckle comments to The Stockout

Brittain Ladd explains why he thinks Starbucks is in a ‘world of hurt’

On Monday’s The Stockout show, Grace Sharkey and I interviewed Brittain Ladd, an outspoken strategic consultant with a specialty in the retail sector, among others. The discussion touched on geopolitics and how companies can diversify their supply chains to have less reliance on China. That’s not easy, according to Ladd, and often, moving physical production away from China results in production in Mexico or elsewhere by a...

https://www.freightwaves.com/news/brittain-ladd-brings-bare-knuckle-comments-to-the-stockout

As Norfolk Southern battle nears climax, STB head Oberman backs management

It’s uncertain whether it will change any minds this late in the game, but the outgoing head of the Surface Transportation Board has made it clear he supports keeping Norfolk Southern’s existing management in place.

In a speech at the North American Rail Shippers Association’s annual meeting, STB Chairman Martin Oberman said he wasn’t trying to influence a vote set for Thursday — a day before Oberman leaves office — on Ancora Holdings’ effort to oust Norfolk Southern CEO Alan Shaw through a...

https://www.freightwaves.com/news/as-norfolk-southern-battle-nears-climaxstb-head-oberman-backs-management

Loose truckload market pressures intermodal volume in Eastern corridors

One of the first things to understand about rail intermodal is that some lanes are more competitive with the highway than others.

In dense lanes with very long lengths of haul, like Los Angeles to Chicago, a trip that exceeds 2,000 miles, it’s easy for rail intermodal to undercut truckload on price. In that lane, the per-mile cost advantage that intermodal has on the rail linehaul and fuel surcharge portions of the total cost generally more than offset the relatively high per-mile first- and...

https://www.freightwaves.com/news/loose-truckload-market-pressures-intermodal-volume-in-eastern-corridors

Universal Logistics’ Q1 trucking revenue falls 12.6%

Universal Logistics Holdings’ first-quarter results showed year-over-year (y/y) decreases in its trucking, intermodal and managed brokerage segments, while the company’s total revenue increased 12.5% to $491.9 million.

“The first quarter was certainly a challenging environment for our transactional transportation business, but overall, I’m extremely pleased with our results,” CEO Tim Phillips said during an earnings call with analysts on Friday. “This was the best earnings-per-share and...

https://www.freightwaves.com/news/universal-logistics-q1-trucking-revenue-falls-12-6

To stock analysts, container size matters

SONAR customers run the gamut from multinational shippers to carriers, logistics companies, consultancies, government agencies, and buy- and sell-side stock analysts. Use cases for the intermodal data in SONAR are similarly varied. Shippers can use intermodal volume data by lane for clues on whether other shippers are seeing value in rail intermodal compared to truckload. Meanwhile, drayage carriers gauge inbound volume, measured at the point of origin, for a look ahead at local demand in the...

https://www.freightwaves.com/news/to-stock-analysts-container-size-matters

J.B. Hunt’s long-term intermodal growth plan weighs on Q1 result

J.B. Hunt Transport Services said it would stay the course, increasing intermodal capacity ahead of demand to avoid the service failures the industry experienced during the pandemic. That means carrying a higher cost burden and potentially posting earnings misses like it did in the 2024 first quarter.

The multimodal provider reported first-quarter earnings per share of $1.22 Tuesday after the market closed, 31 cents light of the consensus estimate and 67 cents lower year over year (y/y). A...

https://www.freightwaves.com/news/j-b-hunts-long-term-intermodal-growth-plan-weighs-on-q1-result

J.B. Hunt posts big Q1 earnings miss

J.B. Hunt Transport Services missed first-quarter expectations Tuesday, reporting earnings per share of $1.22 compared to the consensus estimate of $1.53. A higher tax rate was a 7-cent headwind in the quarter.

Intermodal revenue fell 9% year over year (y/y) as revenue per load was off by a similar amount (down 5% from the fourth quarter). Total loads were flat y/y but 9% lower than in the fourth quarter. A 92.7% operating ratio (operating expenses as a percentage of revenue) was 370 basis...

https://www.freightwaves.com/news/j-b-hunt-posts-q1-earnings-miss

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