J.B. Hunt Transport Services missed first-quarter expectations Tuesday, reporting earnings per share of $1.22 compared to the consensus estimate of $1.53. A higher tax rate was a 7-cent headwind in the quarter. Intermodal revenue fell 9% year over year (y/y) as revenue per load was off by a similar amount (down 5% from the fourth…
Kyle Kottke, general manager for Kottke Trucking, joined Jeremy Reymer on a recent episode of Taking the Hire Road. The pair discussed the origins and values of the third-generation company as it approaches 90 years in business. Kottke’s grandfather, Elmer, started hauling milk, fertilizer and feed with one truck in 1938. Today, the company boasts…
Companies are more intrigued than ever by Mexican manufacturing prospects. Mexico unseated China as the top exporter to the U.S. for the first time in 2023 after a multi-year climb. During a similar time period, the Laredo, Texas and Tucson, Arizona markets have skyrocketed in popularity. Mexico is expected to continue to win business –…
Ocean shipping giant CMA CGM’s startup cargo airline has hired U.S.-based Atlas Air to provide crews for the launch this year of a trans-Pacific route with new Boeing 777 freighters that were not previously disclosed. And it doubled its order for next-generation Airbus A350 freighters later this decade in its effort to develop a global…
The April 2024 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what to expect in the coming weeks. The data contained within the report provides breakdowns of capacity, volumes and rates as we enter into the first…