The truckload sector reported a strong second quarter, but there were signs that nearly two years of robust freight activity may be starting to slow.
It was a historically great year for trucking in 2018 with robust growth in revenue and better margins, but not all companies saw the benefits of a strong economy.
Titanium Transportation Group more than doubled its profit in the second quarter of 2018 compared with the first quarter as the company reaped the benefits of a strong freight market.
Regency Transportation, a family-owned dry van truckload and warehousing firm based in Franklin, Mass., has agreed to purchase Sweeney Transportation in Chicopee, Mass., for an undisclosed amount.April 2, 2018
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.
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.
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.