TL rates

Schneider sees truckload tide turning

Schneider National noted some green shoots across the modes it serves and said truckload demand has returned to normal seasonal patterns.

The Green Bay, Wisconsin-based multimodal transportation provider said Thursday it started seeing spot rates exceed contract rates (typically the requisite precursor to a positive inflection in contract rates) around last Thanksgiving, with the trend accelerating from that point into 2025. Schneider’s customers have been, “more receptive to rate restoration,”...

https://www.freightwaves.com/news/schneider-sees-truckload-tide-turning

Las ganancias de Marten Transport giran la esquina en el cuarto trimestre

El transporte de operadores refrigerados Marten Transport informó una mejora secuencial en las tendencias de carga de camiones durante el cuarto trimestre de 2024, con ganancias que se infligen positivamente secuencialmente por primera vez desde el segundo trimestre de 2022. Marten (Nasdaq: MRTN)...

https://fullavantenews.com/las-ganancias-de-marten-transport-giran-la-esquina-en-el-cuarto-trimestre/?lang=es

Marten Transport’s earnings turn the corner in Q4

Refrigerated carrier Marten Transport reported sequential improvement in truckload trends during the 2024 fourth quarter, with earnings inflecting positively sequentially for the first time since the second quarter of 2022.

Marten (NASDAQ: MRTN) reported earnings per share of 7 cents Monday after the market closed, 1 cent better than the consensus estimate but 8 cents lower year over year. Gains on the sale of equipment were $1.4 million lower y/y, or approximately a 1-cent headwind.

The company...

https://www.freightwaves.com/news/marten-transports-earnings-turn-the-corner-in-q4

Costs from acquisitions, rapid growth weigh on Knight-Swift’s Q4

Management from Knight-Swift Transportation acknowledged improving data points over the past few weeks but said it’s still too soon to say the truckload market has seen a meaningful positive inflection.

The Phoenix-based company reported adjusted earnings per share of 36 cents for the fourth quarter Wednesday after the market closed. The result was at the high end of management’s guidance range of 32 to 36 cents and 3 cents better than the consensus estimate.

Knight-Swift (NYSE: KNX) reiterated...

https://www.freightwaves.com/news/costs-from-acquisitions-rapid-growth-weigh-on-knight-swifts-q4

Freight volumes plunge in December, rates firming

December data from Cass Information Systems showed a significant drop in freight shipments as expenditures were off by a lesser amount, implying freight rates moved higher during the month. Truckload linehaul rates continued to improve from August’s cycle low, a Tuesday report revealed.

Freight volumes captured by the Cass Freight Index fell 7.3% from November and were off 6.5% year over year. Even excluding the typical November-to-December seasonal dip, the index was off 3.1%, which wiped away...

https://www.freightwaves.com/news/freight-volumes-plunge-in-december-rates-firming

November Cass data shows improvement

November data from Cass Information Systems showed sequential improvement in shipments and expenditures with the year-over-year declines narrowing.

The volumes component of the Cass Freight Index was up 0.5% from October (2.8% higher seasonally adjusted) and down just 0.7% y/y, the smallest decline in 21 months. A Thursday report credited “ongoing economic growth and slowing private fleet capacity additions” as the reasons for the improvement.

November 2024y/y2-yearm/mm/m (SA)
Shipments

https://www.freightwaves.com/news/november-cass-data-shows-improvement

Freight shipments, spend see no lift in October, Cass data shows

Freight shipments and spend were again under water in October, according to data from Cass Information Systems.

The shipments component of the Cass Freight Index fell 2.4% year over year during the month and was off 1.9% from September (down just 0.1% seasonally adjusted). October marked the second straight sequential decline for the dataset.

“Although goods demand growth is driving broad freight volume growth, as can be seen in intermodal, imports, and freight GDP, it is still not reaching the...

https://www.freightwaves.com/news/freight-shipments-spend-see-no-lift-in-october-cass-data-shows

Schneider National cuts outlook, ‘commoditized’ one-way fleet uninvestable

Schneider National lowered full-year 2024 expectations on Wednesday as seasonal trends, which were favorable in June and July, eroded during August and September.

The Green Bay, Wisconsin-based multimodal transportation provider now expects 2024 adjusted earnings per share of just 66 to 72 cents, down from quarter-ago guidance of 80 to 90 cents, and lower than the 82-cent consensus estimate at the time of the print.

The company did say it expects to see some seasonal improvement in the fourth...

https://www.freightwaves.com/news/schneider-national-cuts-outlook-commoditized-one-way-fleet-uninvestable

Schneider National Q3 earnings: First look

Schneider National missed third-quarter expectations and lowered its full-year 2024 guidance on Wednesday.

Adjusted earnings per share of 18 cents was 5 cents below the consensus estimate and 2 cents lower than the 2023 third quarter. The company said lower gains on equipment sales and equity investments were a 4-cent year-over-year headwind in the period. Elevated insurance costs, due to higher premiums and settlement expenses, were a 4-cent y/y drag as well.

Schneider (NYSE: SNDR) lowered...

https://www.freightwaves.com/news/schneider-national-q3-earnings-first-look

Landstar says ‘muted peak season’ weighs on Q4 guidance

Landstar System pointed to the expectation of a “muted peak season” as the reason for its worse-than-expected fourth-quarter guidance. The Jacksonville, Florida-based freight broker reported third-quarter earnings per share of $1.41 after the market closed Tuesday. The result was 4 cents worse than the consensus estimate and at the low end its prior $1.35 to $1.55 guidance range.

A lower tax rate compared to the year-ago quarter was a 4-cent tailwind in the period.

Landstar’s (NASDAQ: LSTR)...

https://www.freightwaves.com/news/landstar-says-muted-peak-season-will-weigh-on-q4

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