TL spot 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

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

Werner optimistic after tough Q4

Management from Werner Enterprises noted some green shoots on a Thursday quarterly call but the period was marred by unfavorable claims developments.

Werner (NASDAQ: WERN) reported fourth-quarter adjusted earnings per share of 8 cents after the market closed, 14 cents below the consensus estimate and 31 cents lower year over year. The number included a $19 million hit, or 22 cents per share, from unfavorable changes in liability claims.

The company said the “unprecedented rise in verdicts and...

https://www.freightwaves.com/news/werner-optimistic-after-tough-q4

Pricing index logs fastest growth rate since freight recession began

Transportation prices jumped in January, according to a monthly survey of supply chain managers. The Logistics Managers’ Index released Tuesday showed sentiment around transportation rates was at the highest level since April 2022 – the start of the freight recession.

A 70.4 reading for pricing was 3.5 percentage points higher than in December. The subindex has been in expansion territory for 12 of the past 13 months.

The LMI is a diffusion index wherein a reading above 50 indicates expansion...

https://www.freightwaves.com/news/pricing-index-logs-fastest-growth-rate-since-freight-recession-began

Landstar Q4 earnings: First Look

Freight broker Landstar System missed fourth-quarter expectations Wednesday after the market closed.

The Jacksonville, Florida-based company reported earnings per share of $1.31, which fell short of the $1.34 consensus estimate. Management’s guidance range was $1.25 to $1.45.

Revenue of $1.21 billion was up 0.4% year over year and slightly ahead of the $1.2 billion consensus estimate (in line with management’s forecast of $1.15 billion to $1.25 billion).

Total loads hauled by truck fell 3.4% y/y...

https://www.freightwaves.com/news/landstar-q4-earnings-first-look

Landstar atascada entre ciclos; La orientación del primer trimestre decepciona

La gerencia del Sistema de Freight Broker Landstar dice que el mercado de la carga de camiones permanece atrapada entre los ciclos. “Me gustaría pensar que estamos al comienzo del próximo ciclo. También podría argumentar que estamos al final del ciclo anterior ”, dijo el presidente y CEO de...

https://fullavantenews.com/landstar-atascada-entre-ciclos-la-orientacion-del-primer-trimestre-decepciona/?lang=es

Landstar stuck between cycles; Q1 guidance disappoints

Management from freight broker Landstar System says the truckload market remains stuck between cycles.

“I’d like to think that we’re in the beginning of the next cycle. I could also argue that we’re at the end of the prior cycle,” said Landstar President and CEO Frank Lonegro on a quarterly call with analysts Wednesday. He noted sentiment among agents and customers “is clearly more positive.”

The Jacksonville, Florida-based company missed fourth-quarter expectations, posting earnings per share of...

https://www.freightwaves.com/news/landstar-stuck-between-cycles-q1-guidance-disappoints

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

+ More