TL rates

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

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

LTL rates projected to keep rising y/y in Q2, TL rates to stay ‘at the bottom’

Amid soft demand and trade uncertainty, less-than-truckload pricing remained resilient during the first quarter while truckload rates stayed depressed. The trends are expected to continue through the second quarter, a Tuesday report from 3PL AFS Logistics and financial services firm TD Cowen showed.

The LTL rate-per-pound component of the TD Cowen/AFS Freight Index stood 63.8% higher in the 2025 first quarter than its January 2018 baseline. That was a 280-basis-point increase year over year and...

https://www.freightwaves.com/news/ltl-rates-projected-to-keep-rising-y-y-in-q2-tl-rates-to-stay-at-the-bottom

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 2024
y/y
2-year
m/m
m/m (SA)
Shipments-0.7%-9.6%0....

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

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