United Airlines’ cargo revenue outperforms soft market
(Updated 11:45 P.M. ET with Kirby comments) Lost in the news that United Airlines’ $942 million third-quarter profit and guidance for positive travel trends the next three months sent shares…
J.B. Hunt rides growth in intermodal, dedicated to Q3 beat
J.B. Hunt Transport Services beat third-quarter expectations Tuesday after the market closed, posting earnings per share of $2.57 compared to the consensus estimate of $2.45. Consolidated revenue of $3.84 billion…
Furniture giant latest company to use driverless trucks in Texas
IKEA, the Swedish maker of popular ready-to-assemble furniture, is the latest company to test driverless truck deliveries in Texas using Kodiak technology.The pilot program began in August and includes a…
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COVID hours of service declaration expires
Trucking news and briefs for Tuesday, Oct. 18, 2022: FMCSA lets COVID hours of service waiver expireThe COVID-19 hours-of-service emergency declaration allowing haulers of certain commodities to operate outside the…
Why trucking companies need an on-site truck repair shop
After a worldwide pandemic and a current shortage of diesel mechanics, it’s safe to say trucking companies need to find ways to be more self-sufficient. Our truck shop opened in…
XPO, RXO financial targets imply no letup through 2027
XPO Logistics provided long-term financial targets for its less-than-truckload and brokerage units Monday after the market closed. A spinoff of its brokerage segment, RXO, is planned for Nov. 1. The…
Benchmark diesel number up more than 50 cents in just 2 weeks
Between the all-time high Department of Energy/Energy Information Administration price of $5.81 a gallon on June 20 and the recent low of $4.836 a gallon two weeks ago, the benchmark…
Marten’s Q3 mixed compared to year ago but slows from Q2
Marten Transport’s earnings, the first out of the gate for truckload carriers, showed some signs of the market weakness that is evident in growing capacity and falling rates, but they…
The great Fed squall cools off white-hot industrial market
The hairline fractures in logistics warehousing transaction activity, which surfaced over the summer, have widened into the fall as the rapid and fierce rise in borrowing costs puts the red-hot…
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