Plus, two trucking firms close, harassment claims at TIA conference, a 19.5% week-over-week drop in spot loads, and more.
Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
Werner reports hopeful trends despite Q1 challenges, with expectations for seasonal recovery and cost-saving measures.
Werner Enterprises (NASDAQ: WERN) believes the freight recession's end is near. Despite Q1 challenges like inclement weather and insurance costs, it expects seasonal recovery.
However, truckers express skepticism about market recovery, with some saying the reality doesn't match the data.
I see some saying the freight recession is coming to an end but it looks the opposite to me. The last 4 weeks have been the worst for my trucks over the past 5 years. Volumes for refrigerated (contract) freight have been a dumpster fire in my experience.
— JoBangles (@theericredbeard) May 1, 2024
What the “data” says…
Source: FreightWaves | Werner Enterprises
New data reveals freight brokerages averaging $1,267,516 gross revenue per employee. Brush Pass Research offers detailed intel for prospecting.
Major freight companies face revenue dips and profit plunges in Q2 2024. Schneider, TFI, ArcBest, and Hub Group report challenging market conditions.
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Triumph Financial's Q2 report brings optimism. CEO Aaron Graft reveals crucial trends in trucking and logistics. Is a market turnaround on the horizon?
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