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

First look: Liability claims sink Werner’s Q4

Werner (NASDAQ: WERN) reported fourth-quarter adjusted earnings per share of 8 cents, well shy of the 22-cent 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.

“This is a reflection of the ongoing unprecedented rise in verdicts and litigation settlements across the industry, particularly for larger carriers,” a Thursday news release stated. “In contrast to these trends, in 2024 we...

https://www.freightwaves.com/news/first-look-liability-claims-sink-werners-q4

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

First look: Schneider Q4 earnings

Schneider National’s fourth quarter came in as expected, as did its initial earnings outlook for 2025. During the recent quarter, the company saw year-over-year earnings improvement across all segments for the first time since the 2022 second quarter.

Fourth-quarter adjusted earnings per share of 20 cents was in line with the consensus estimate and 4 cents higher y/y. The number excluded costs from prior acquisitions, including the Dec. 2 purchase of dedicated carrier Cowan Systems.

Schneider (NYS...

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

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