During the busiest Q1 earnings week (42% of the S&P 500 market capitalization is reporting this week according to Goldman Sachs), several companies involved in the box market, which is among the best leading/coincident economic indicators depending on how one defines leading, have reported downbeat results and cut guidance. The consistent theme has been intensifying…
Management from Schneider National lowered its outlook for 2023 when it reported first-quarter results on Thursday. The quarter came in better than expected but the truckload carrier said a more material freight recovery won’t likely occur until later in the year. Schneider (NYSE: SNDR) reported first-quarter adjusted earnings per share of 55 cents, 10 cents…
American Airlines saw first-quarter cargo revenue fall 37.8% year over year to $223 million primarily due to lower yield and lower demand, the company reported on Thursday. The company’s cargo revenue was only $5 million more than in 2019, a weak year for cargo and benchmark for a normal business environment following the pandemic. Nearly…
An hour’s worth of charging an electric vehicle at the wrong time could tack on thousands of dollars to a monthly utility bill. Commercial carriers planning to electrify their fleets […]
This week on Taking the Hire Road, Leah Shaver, president and CEO of The National Transportation Institute (NTI), is joined by Federal Motor Carrier Safety Administration Administrator Robin Hutcheson. “I have never shied away from hard jobs — they have an impact. But there hasn’t been a job where I’ve seen an impact like that…