TL earnings

P.A.M. Transportation posts big Q4

PAM closes 2021 on a high

P.A.M. Transportation Services rode higher rates to improved margins and better-than-expected results again during the fourth quarter.

The Tontitown, Arkansas-based truckload carrier reported adjusted earnings per share of $2.85 Wednesday, more than double the year-ago amount and 88 cents better than the consensus estimate. The adjusted result excludes $5.5 million in settlement and reserve expenses related to losses in excess of insurance limits.

PAM (NASDAQ: PTSI) saw TL revenue increase 44%...

https://www.freightwaves.com/news/pam-transportation-posts-big-q4

All J.B. Hunt segments log growth for better-than-expected Q4

J.B. Hunt closes 2021 on a high

J.B. Hunt Transport Services provided little guidance around the outlook for 2022 on a Tuesday evening call with analysts. Limited visibility into when supply chain congestion will ease and rail service will improve has management holding the cards close to the vest. However, management is certain that J.B. Hunt will continue to invest in people and equipment to meet rising demand for all of its services.

The Lowell, Arkansas-based company posted fourth-quarter earnings per share of $2.28,...

https://www.freightwaves.com/news/all-jb-hunt-segments-log-growth-for-better-than-expected-q4

‘Don’t sweat’ big gains on equipment sales booked by carriers in Q3

Carriers rack up huge gains on asset sales in third quarter

Many records were set by truckload carriers during the third quarter, including a line on the income statement often overlooked by industry observers: gains on sale. With truck demand at record levels and new equipment tough to find, values in the secondary market have soared and so too have the gains fleets are booking as they swap out old tractors for new.

Gains on the sale of revenue equipment, normally booked as an offset to operating expenses on the P&L, were some of the highest seen for...

https://www.freightwaves.com/news/dont-sweat-big-gains-on-equipment-sales-booked-by-carriers-in-q3

Costs abound sink Werner’s Q3; long-term margin target raised

Werner's Q3 sags

A multitude of costs caused Werner Enterprises to miss analysts’ third-quarter expectations Thursday. Some of the expense increases are transitory while others are not.

Werner (NASDAQ: WERN) reported adjusted earnings per share of 79 cents, 10 cents better year-over-year but 16 cents light of consensus and 7 cents lower than the second quarter. Management from the Omaha, Nebraska-based transportation and logistics company provided additional color on a call with analysts.

Increased driver...

https://www.freightwaves.com/news/costs-abound-sink-werners-q3-long-term-margin-target-raised

Schneider sees ‘constructive market well into 2022’

Schneider beats third-quarter estimates, raises guidance

Schneider National is calling for more of the same, elevated transportation demand and limited supply, as 2021 comes to an end.

The Green Bay, Wisconsin-based truckload carrier reported adjusted earnings per share of 62 cents for the third quarter, 10 cents ahead of consensus and double the year-ago period. The quarter included a $3.1 million loss on equity investments, which was offset by higher gains on equipment sales.

Schneider National (NYSE: SNDR) updated its full-year 2021 adjusted EPS...

https://www.freightwaves.com/news/schneider-sees-constructive-market-well-into-2022

Landstar ‘executing on all cylinders’; strength to carry through H1 ’22

Rates not likely to pull back to 2016, 2017 levels, according to Landstar CEO Jim Gattoni

Freight broker Landstar System sees the current tight trucking market continuing in the fourth quarter and into 2022.

The Jacksonville, Florida-based company released record quarterly results Wednesday after the market closed. Earnings per share of $2.58 was 97 cents higher than the year-ago period, 18 cents higher than the second quarter and ahead of management’s mid-August guidance raise calling for a range of $2.45 to $2.55.

Landstar (NASDAQ: LSTR) issued fourth-quarter guidance for revenue to...

https://www.freightwaves.com/news/landstar-executing-on-all-cylinders-strength-to-carry-through-h1-22

Knight-Swift crushes Q3 expectations; all segments’ revenue, margins up

Knight-Swift's big Q3 to be followed by a step higher in Q4

Knight-Swift Transportation posted a big third-quarter result Wednesday before the market opened, beating analysts’ forecasts handily and raising its full-year 2021 guidance.

The stock was up 5.8% by midday on the news compared to the S&P 500, which was up 0.4%.

Adjusted earnings per share of $1.30 significantly outpaced consensus of $1.07, the year-ago period of 79 cents and the second quarter’s 98 cents. Of note, increased gains on equipment sales contributed to the outperformance.

Table:...

https://www.freightwaves.com/news/knight-swift-crushes-q3-expectations-all-segments-revenue-margins-up

Supply chain hurdles not high enough to thwart J.B. Hunt’s Q3 beat

J.B. Hunt says extended peak season will boost Q1 results

Labor was the main talking point of J.B. Hunt Transport Services’ third-quarter earnings call with analysts Friday. Management from the Lowell, Arkansas-based transportation company said many of the nation’s supply chain obstacles are rooted in a shortage of workers.  

“The thing that has been the most difficult for us to get eyes on is customer warehouse labor,” said J.B. Hunt (NASDAQ: JBHT) intermodal head Darren Field. “That’s where there is a significant bottleneck — our customers’ ability...

https://www.freightwaves.com/news/supply-chain-hurdles-not-high-enough-to-thwart-j-b-hunts-q3-beat

P.A.M. Transportation: ‘Navigating the disruptions’ leads to a big Q3

PAM rides hot freight market to new records in Q3

P.A.M. Transportation Services reported Thursday after the market close that its third-quarter earnings more than tripled year-over-year. The Tontitown, Arkansas-based truckload carrier posted earnings per share of $1.87, compared to 52 cents per share in the same quarter of 2020, a period hindered by an industrial customer base that was still digging out from COVID-related shutdowns.

“We have had another record quarter for revenue and operating statistics at PAM. I am excited to see the work...

https://www.freightwaves.com/news/pam-transportation-navigating-the-disruptions-leads-to-a-big-q3

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