TL carriers

Tariffs trim Schneider National’s 2025 growth expectations

Multimodal transportation provider Schneider National said it still expects to see growth and operational improvement across its three businesses this year, just at a more subdued pace given the tariff overhang. So far, the changing trade landscape hasn’t produced any dramatic shifts in customer demand.

Rates across its truckload segment have increased by low- to mid-single-digits this year. However, the carrier is taking less volume from some shippers when the rate isn’t desirable. It now...

https://www.freightwaves.com/news/tariffs-trim-schneider-nationals-2025-growth-expectations

Schneider National’s Q1, outlook not as bad as feared

Schneider National announced first-quarter earnings ahead of analysts’ expectations on Thursday but lowered its outlook for 2025.

Schneider (NYSE: SNDR) reported adjusted earnings per share of 16 cents, 2 cents ahead of the consensus estimate and 5 cents higher year over year. The y/y increase was driven by the December acquisition of Cowan Systems. The adjusted EPS number excluded 1 cent per share in acquisition costs.

Full-year guidance was cut to a range of 75 cents to $1 from the initial...

https://www.freightwaves.com/news/schneider-nationals-q1-outlook-not-as-bad-as-feared

TL carrier Pamt books another loss in Q1

Pamt Corp., formerly Pam Transportation Services, saw another loss in the first quarter.

The Tontitown, Arkansas-based truckload carrier reported a net loss of $8.1 million, or 37 cents per share.

The result was negatively impacted compared to the year-ago quarter by lower non-operating income – primarily a decline in the market value of its equity securities portfolio (a 5-cent headwind) – and higher interest expense (a 4-cent headwind). Those items were offset by $3 million in gains on...

https://www.freightwaves.com/news/tl-carrier-pamt-books-another-loss-in-q1

Knight-Swift grappling with tariff-spooked customers in bid season

Knight-Swift Transportation lowered its second-quarter outlook on Wednesday and decided against issuing third-quarter guidance as “customers are grappling with a fluid trade policy situation,” resulting in delayed decision making for some while others “manage inventories more tightly.”

The Phoenix-based transportation and logistics provider beat first-quarter expectations, reporting adjusted earnings per share of 28 cents, 4 cents better than the consensus estimate and 16 cents higher year over...

https://www.freightwaves.com/news/knight-swift-grappling-with-tariff-spooked-customers-in-bid-season

Knight-Swift blames trade uncertainty for reduced Q2 outlook, no Q3 guide

Knight-Swift Transportation said changes in trade policy are weighing on customer decision making. The Phoenix-based multimodal transportation provider beat expectations for the first quarter, according to an earnings report sent out Wednesday after the market closed, but reeled in its second-quarter guidance and didn’t provide a third-quarter outlook.

Knight-Swift (NYSE: KNX) reported adjusted earnings per share of 28 cents for the first quarter. The result came in below management’s guidance...

https://www.freightwaves.com/news/knight-swift-blames-trade-uncertainty-for-reduced-q2-outlook-no-q3-guide

Trucking execs see green shoots as industry awaits upturn

Signs that a freight recovery may be taking shape continue to surface, said trucking executives on the investor conference circuit this week. The overall sentiment is that the truckload industry is no longer in a recession and that normal seasonal trends have returned, but no one is ready to commit to when a meaningful positive inflection will occur.

“We know we’re coming off the bottom of the market,” Drew Wilkerson, CEO at truck broker RXO (NYSE: RXO), told investors at Citi’s 2025 Global...

https://www.freightwaves.com/news/trucking-execs-point-to-green-shoots-as-industry-awaits-upturn

Los ejecutivos de camiones ven brotes verdes mientras la industria espera la mejora

Los signos de que una recuperación de carga puede estar tomando forma continúa a la superficie, dijeron que los ejecutivos de camiones en el circuito de la conferencia de inversores esta semana. El sentimiento general es que la industria de la carga de camiones ya no está en una recesión y que las...

https://fullavantenews.com/los-ejecutivos-de-camiones-ven-brotes-verdes-mientras-la-industria-espera-la-mejora/?lang=es

Tenstreet acquires driver communications provider TextLocate

Driver recruiting platform Tenstreet announced Monday it has acquired driver tracking software company TextLocate for an undisclosed sum.

Chattanooga, Tennessee-based TextLocate’s platform provides real-time load visibility. Third-party logistics providers can perform two-way chats and check calls with drivers, verify proof of delivery, share images and monitor safety performance on the network.

The deal is expected to complement Tenstreet’s service offering, which also provides drivers with...

https://www.freightwaves.com/news/tenstreet-acquires-driver-communications-provider-textlocate

Cass TL linehaul index up y/y for first time in 2 years

January data from Cass Information Systems showed truckload linehaul rates turned positive on a year-over-year comparison for the first time in two years. However, shipments remained soft.

The TL linehaul index, which tracks rates without fuel and accessorial surcharges, posted a 0.8% y/y increase for the month. This was the first positive y/y change since December 2022. The index also increased 0.6% from December, the fifth consecutive sequential increase.

Winter storms in January were more...

https://www.freightwaves.com/news/cass-tl-linehaul-index-up-y-y-for-first-time-in-2-years

+ More