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The industrial slowdown has hit less-than-truckload giant YRC Worldwide, which reported tonnage is down significantly compared to a year ago, as it announced changes to its CFO and board of directors.
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For the third time this year, the economy seems to be doing better than trucking markets. Let’s dig into third-quarter earnings reports from publicly traded fleets for more.
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Ever more confident of its strengthening position in the commercial truck market, Navistar International is rolling out what it calls its Navistar 4.0 business strategy.
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Bad weather, tariffs, a later than usual Easter holiday – all of it contributed to trucking company results that were worse than the overall economic trend would lead you to expect.
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Recent closures have prompted headlines touting trucking’s “bloodbath” and “apocalypse.” But anyone who has been in this business for very long at all knows trucking is extremely cyclical.
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Analysis of over 3,000 owner-operator tax returns has shown an overall positive impact on owner-operators, according to American Truck Business Services, a tax, consulting and bookkeeping firm for the transportation industry.
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The 3.2% first-quarter GDP figure released by the Commerce Department seems to portray a stronger volume environment than was experienced by the trucking industry, judging by first quarter fleet earnings.
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Bad weather, higher costs for driver pay, and pressure on rates as capacity loosens were all factors in J.B. Hunt Transport Services’ disappointing first-quarter earnings.
Read More →Now that fleets have reported their 2018 earnings we take a dive into the results to see what it says about the current economic state of the trucking industry.
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The $450 million rights offering will allow Roadrunner Transportation to pay down debts and expenses and refocus the company after a tumultuous 2018.
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