Diesel Spike Erodes Carrier Margins as Wholesale Outpaces Retail
Retail diesel up 31% since July, wholesale up twice that pace. J.B. Hunt warns of 5-10% Q3 earnings hit. Small fleets face margin squeeze with no guarantee of…
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Capacity Crunch, Not Demand, Drives Spot Rates to $3.53/Mile
JB Hunt and Knight-Swift beat Q2 earnings on double-digit contract rate gains and 15.44% tender rejections as regulatory barriers keep new carriers out and…
Spot Rates Hold at $3.51/Mile as Diesel Falls, Capacity, Not Fuel, Drives Pricing
Knight-Swift truckload operating income up 69% year over year. Tender rejections at 14.36%, flatbed at 23%. Carriers say regulatory pressure and driver…
J.B. Hunt Says Dedicated Fleets Will Gain From Supreme Court Ruling
Montgomery v. Caribe Transport II decision expected to shift more freight into dedicated contract carriage, according to J.B. Hunt executive.