Schneider Locks Double-Digit Contract Rate Hikes as Spot Nears 2021 Peak
One-way fleet captured double-digit contract increases in Q2. June spot market resembled March 2021. Schneider raised full-year EPS guidance 18%.
#Carrier Earnings
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FedEx Freight Begins Trading as Standalone LTL Carrier at $155.75
The nation's largest LTL carrier spun off June 1 under ticker FDXF. FedEx keeps 19.9% for two years. What the split means for capacity and rates.
Schneider CEO Says Freight Upcycle Has Taken Hold in Q1 Earnings Call
Mark Rourke told investors April 30 the carrier sees sustained demand recovery: a signal that fleets may finally start releasing deferred equipment orders.
Mullen Group Q1 Revenue Hits Record on Acquisitions
Canadian carrier's first-quarter revenue reached an all-time high, driven primarily by recent company purchases rather than organic freight growth.
Covenant Q1 Earnings Miss by 4¢, March Rebound Flags Rate Gains
Chattanooga truckload carrier posted 26¢ per share against 30¢ forecast as winter weather and fuel costs hit margins, but CEO cites improving freight volumes…
Covenant Reports Driver Market Tightening for First Time in 40 Months
Chattanooga carrier sees Q1 net income fall to $4.4M but says capacity is shrinking, driver pay talks are back, and rate momentum is building into Q2.
Knight-Swift Targets 10%+ Rate Hikes as Capacity Exits Accelerate
Phoenix mega-carrier reports Q1 loss but tells investors mini-bids are multiplying and awarded contracts are being rejected because prices moved since January.