trucking

Saia Inc (NASDAQ:SAI) reported results that "shocked even the bears," with significantly worse-than-expected yields, according to JPMorgan. The Saia Analyst: Analyst Brian Ossenbeck maintained an Overweight rating, while slashing the price target from $436 to $299. The Saia Thesis: Faced with...

Raymond James analyst David Hicks reiterated the Market Perform rating on Marten Transport Ltd. (NASDAQ:MRTN). Yesterday, the company reported the first quarter of 2025 with operating revenue of $223.2 million, lower than $249.7 million in the year-ago period. Hicks highlighted the company’s...

The Close the * Door Issue We saw the most entertaining press conference by a Federal Reserve Chairman in decades. Jerome Powell “surprised” Wall Street by saying exactly the same thing he’s been saying for almost two years, then got caught on a hot mike wanting to shut the door...

Saia Inc (NASDAQ: SAIA) reported third-quarter FY23 revenue growth of 6.2% year-over-year to $775.1 million, beating the consensus of $745.98 million. Diluted earnings per share for the quarter were $3.67 compared to $3.67 in the third quarter of 2022.  The operating income...

Summertime heat and the lack of air conditioning in trucks have long been problems for United Parcel Service, Inc. (NYSE: UPS) drivers. According to the company, this is because the delivery team makes “frequent stops, which requires the engine to be turned off and the doors to be opened...

Brokerage carriers such as CH Robinson Worldwide Inc (NASDAQ: CHRW) are poised to benefit from continued strength in contract rates in the first half of 2022 and the subsequent “roll over as fluidity improves in the supply chain,” according to BofA Securities. The CH Robinson...

Nikola Corp (NASDAQ: NKLA) shares are advancing Thursday in reaction to a deal announced by the green-energy vehicle manufacturer. What Happened: Phoenix, Arizona-based Nikola said it has signed a letter of intent with Saia Inc (NASDAQ: SAIA), a less-than-truckload company, for the...

While US Xpress Enterprises Inc (NYSE: USX) is expanding its Variant truck segment, it is missing out on “fully participating in the strongest truckload market in a generation,” according to BofA Securities. The US Xpress Enterprises Analyst: Ken Hoexter downgraded the rating for US...

As service businesses continue to deal with labor shortages, XPO Logistics Inc (NYSE: XPO) is finding unique ways to bring people on board.  Navigating Labor Shortages: The transportation industry has been experiencing driver shortages, but XPO Logistics has developed solutions to combat...

In recent months, construction equipment maker Caterpillar Inc. (NYSE: CAT) has made several announcements regarding plans for high-profile green energy projects.  Bank of America analyst Ross Gilardi said Tuesday that Caterpillar’s clean future is in the very early stages at this point...

Two trucking companies violated federal law by discriminating against people with disabilities, according to separate lawsuits filed by the Equal Employment Opportunity Commission (EEOC). Atlanta-based Pilot Freight Services fired its international manager because of his cancer diagnosis, alleges...

This week: Mack Trucks delivers its machine-gun-tested dump trucks to the Army; a former Navistar and General Motors executive thinks autonomous trucks will flip the script on passenger cars leading new technologies to market, and Western Star dealers want their demo trucks back. Machine Gun...

nVision Global, is a leading Global Freight Audit, Supply Chain Management Services company offering enterprise-wide supply chain solutions. With over 4,000 global business "Partners", nVision Global not only provides prompt, accurate Freight Audit Solutions, but also providing industry-leading...

ENERGY Transportation Group has been named one of Canada's Top Growing Companies, according to the recently released annual list from The Globe and Mail.  The Globe and Mail's directory of Canada's Top Growing Companies is a prestigious list that covers everything from fashion to medical testing...

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