Trucking Dive: Knight-Swift rejects unsustainable rates, projects earnings hit
A soft market is slated to bring a major earnings hit for Knight-Swift. Its adjusted earnings per share is slated to range from 11 cents to 12 cents now, down from a previous projection of 37 cents to 41 cents.
Produce Blue Book: DAT Truckload Volume Index: March rates dropped on modest volumes
Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics, which operates the DAT One online freight marketplace and DAT iQ data analytics service.
Supply & Demand Chain Executive: Refrigerated Truckload Rates Fell in March
Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics.
The Wall Street Journal: J.B. Hunt Earnings Tumble in Weak Freight Market
J.B. Hunt Transport Services’ profit and revenue fell in the first quarter as demand for its domestic intermodal service softened more than expected and trucking volumes fell in a weak U.S. freight market.
AP: DAT Truckload Volume Index: March spot rates drop on modest volumes
Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics, which operates the DAT One online freight marketplace and DAT iQ data analytics service.
Transport Topics: When Will Freight Market Conditions Improve?
Stubbornly weak freight market conditions have been placing financial strain on third-party logistics companies for the past couple of years with an oversupply of truck capacity driving down rates and squeezing brokers’ margins.
Journal of Commerce: US truckload exits slowing, LTL pricing ‘normalizing’ in second quarter
The “worst” of the two-year freight downturn appears to be over, but not all sectors of trucking are recovering at the same speed, analysts said during a Journal of Commerce webcast.