TL contract rates

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

Total freight costs fall year over year in December for first time in 28 months

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Freight costs fell year over year (y/y) in December for the first time in 28 months, according to a...

Schneider sees ‘healthy’ contract freight market

White Schneider tractor driving through heavy rain

Schneider beat first-quarter expectations Thursday and raised its full-year outlook citing favorable contractual rate negotiations, which account for the bulk of its revenue.

The company posted adjusted earnings per share of 57 cents, which was 3 cents ahead of the consensus estimate and 26 cents higher year-over-year. It also raised its full-year EPS outlook to a range of $2.55 to $2.70 (from $2.35 to $2.55), compared to the consensus estimate of $2.53 at the time of the print.

“When we look at...

https://www.freightwaves.com/news/schneider-earnings-q1-2022

Knight-Swift sees new EPS floor; trailer pools help mitigate cyclicality

A red Knight-Swift tractor with a white trailer crosses a narrow bridge

On its first earnings call in four years, management from Knight-Swift Transportation laid out a bullish long-term thesis for its business. It believes transportation providers with large trailer pools will continue to be the winners moving forward. The near-term outlook for smaller carriers was less rosy.

Knight-Swift (NYSE: KNX) reported adjusted earnings per share of $1.35 after the market closed Wednesday, 52 cents higher year-over-year and 9 cents ahead of the consensus estimate.

The result...

https://www.freightwaves.com/news/knight-swift-earnings-q1-2022

Transport stocks fall out of favor as trucking market loosens

Schneider sees two-step rating downgrade at BofA.

Citing “waning demand and price dives,” Bank of America downgraded multiple transportation stocks on Friday. The ratings changes come as recent data points and commentary show trucking fundamentals have loosened following a year-and-a-half run of high freight demand accompanied by a lack of supply.

Tender rejections, a proxy for truck capacity tightness, remained very high entering the year but began declining notably in March, bucking normal seasonal trends. High-single-digit price inflation...

https://www.freightwaves.com/news/transport-stocks-fall-out-of-favor-as-trucking-market-loosens