truckload carriers

Kenan Advantage Group acquires Alabama-based dry bulk hauler

Kenan Advantage Group (KAG) announced Thursday it has acquired dry bulk hauler Evergreen Transport.

Mobile, Alabama-based Evergreen Transport specializes in the transportation of dry bulk commodities like ash, cement, lime and sand in addition to food-grade commodities. It operates a fleet of 158 tractors and 338 trailers out of four terminals across Alabama.

The 37-year-old carrier also provides dump trailer, flatbed and container services. Evergreen’s roughly 100 drivers and 45 operations...

https://www.freightwaves.com/news/kenan-advantage-group-acquires-alabama-based-dry-bulk-hauler

Tariff fears evident in February supply chain data

Record imports ahead of new tariffs shaped sentiment among supply chain managers in February, according to the Logistics Managers’ Index report released Tuesday. The monthly query of logistics supply executives showed big moves in inventories and the costs to carry them along with knock-on effects in warehousing metrics.

The subindex for inventory levels jumped 6.3 percentage points to 64.8 in February with the inventory costs dataset stepping 7.1 points higher to 77.3. The LMI is a diffusion...

https://www.freightwaves.com/news/tariff-fears-evident-in-february-supply-chain-data

New Jersey indictment of NFI CEO Brown, political kingmaker Norcross tossed

The indictment against New Jersey political power broker George Norcorss that also caught up Sidney Brown, the CEO of truckload carrier NFI Industries and a member of the family that owns the company, has been dismissed by a New Jersey judge.

According to press reports Wednesday morning that were confirmed by a statement from the New Jersey attorney general’s office, which brought the case against Norcross, a southern New Jersey attorney who has never held office and didn’t have a formal role in...

https://www.freightwaves.com/news/new-jersey-indictment-of-nfi-ceo-brown-political-kingmaker-norcross-tossed

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

Tenstreet acquires driver communications provider TextLocate

Driver recruiting platform Tenstreet announced Monday it has acquired driver tracking software company TextLocate for an undisclosed sum.

Chattanooga, Tennessee-based TextLocate’s platform provides real-time load visibility. Third-party logistics providers can perform two-way chats and check calls with drivers, verify proof of delivery, share images and monitor safety performance on the network.

The deal is expected to complement Tenstreet’s service offering, which also provides drivers with...

https://www.freightwaves.com/news/tenstreet-acquires-driver-communications-provider-textlocate

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

Pamt Corp. books big loss in Q4

Pamt Corp., formerly Pam Transportation Services, booked a big net loss during the fourth quarter.

Pamt Corp. (NASDAQ: PAMT) reported a headline net loss of $31.6 million, or $1.45 per share. The result included a $24.7 million one-time depreciation adjustment and a $6.4 million impairment tied to a drop in equipment valuations. Excluding the one-offs, the company booked an adjusted net loss of $7.8 million, or 36 cents per share.

The result fell short of a lone analyst estimate of 7 cents per...

https://www.freightwaves.com/news/pamt-corp-books-big-loss-in-q4

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

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