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.
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.
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.
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.
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.
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.
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.
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.
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.
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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