Covenant, Werner Report Strong Third-Quarter Earnings

Covenant truck on the highway Covenant Transportation Group generated $4.6 million in profits. (Daniel Dubois)

Three publicly traded carriers reported results on Oct. 19 with two reporting profits better than 2016 and one with a decline in the third quarter.

Ari Ashe and Burney Simpson | Staff Reporters
October 19, 2017

J.B. Hunt Revenues Rise on Higher Freight Volumes

J.B. Hunt truck John Sommers II for Transport Topics

J.B. Hunt Transport Services Inc. profits fell 8.3% in the third quarter, the company announced Oct. 13, coming up short of the Bloomberg News consensus forecast of analysts.

Ari Ashe | Staff Reporter
October 13, 2017
Business, Equipment

Truckload Earnings Expected to Be Mixed for Third Quarter, but Brighter Times Are Ahead, Insiders Say


Wall Street analysts expect truckload carriers to report mixed third-quarter earnings, despite a boost in business related to hurricanes Harvey and Irma.

Ari Ashe | Staff Reporter
October 12, 2017

Titanium Acquires Canadian Van/Flatbed Carrier Xpress Group

Titanium Transportation Group has acquired Canadian dry van truckload and flatbed carrier Xpress Group, based in Windsor, Ontario, for C$3.1 million in cash and the assumption of C$5.2 million in debt.

Dan Bearth | Transport Topics Staff Writer
October 6, 2017
Government, Business, Logistics

Shippers Discuss ELDs, Intermodal in Cowen Survey

CSX train Luke Sharrett/Bloomberg News

Shippers expect to put more freight on railroads next year as concern persists about how the electronic-logging device mandate will tighten trucking capacity in 2018, according to a Cowen and Co. survey.

Ari Ashe | Staff Reporter
October 3, 2017

Covenant Transportation Group Adopts New Name to Market Services

Covenant Transportation Group is adopting Covenant Transport Services as its new name to emphasize the company’s broad range of freight services.

Daniel P. Bearth | Transport Topics Senior Features Writer
October 2, 2017

Canadian TL Carrier Kriska Acquires Service Freight Systems

Canadian truckload carrier Kriska Transportation Group has acquired Service Freight Systems of Ontario and has kept the management team there in place.

Ari Ashe | Staff Reporter
September 25, 2017

Hurricanes to Increase Contract, Spot Rates Outside Disaster Areas

David J. Phillip/Associated Press

Truckload rates have skyrocketed after hurricanes Harvey and Irma battered Texas and Florida, but the higher prices will also trickle down into states nowhere near the devastation, industry executives say.

Ari Ashe | Staff Reporter
September 14, 2017
Business, Logistics

LTL Sector Enjoys Fruitful 2017

Stifel John Larkin Stifel analyst Larkin (Roger W. Gilroy/Ttransport Topics)

Indications are that the truckload market is bouncing back from some rough conditions earlier this year, according to industry analysts at Stifel, Nicolaus & Co.

Ari Ashe | Staff Reporter
September 12, 2017

Forward Air Reverses Second-Quarter Net Loss in 2016, Posts Nearly $20 Million in Profits

Forward Air Truck John Sommers II for Transport Topics

Forward Air Corp. recovered strongly after a $10 million loss one year ago, posting a profit of $19.6 million or 64 cents per share for the three-month period ending June 30.

Ari Ashe | Staff Reporter
July 26, 2017