Trucking

Companies Reporting Before The Bell McDonald's Corporation (NYSE: MCD) is estimated to report quarterly earnings at $1.96 per share on revenue of $5.30 billion. General Electric Company (NYSE: GE) is projected to report quarterly earnings at $0.18 per share on revenue of $25.44 billion. AT...

A report released Wednesday by Susquehanna Financial Group would be music to the ears of truck drivers: Rates may have a "melt-up." The report by analyst Bascome Majors expressed enough confidence in a coming upturn in trucking economics that it raised its ratings from neutral to positive for four...

The relationship between gross revenue and gross margins for freight brokerages is inversely related across much of the freight cycle. As spot market rates rise faster than paper (contract) rates, margins compress on higher load volumes. The opposite is also true: As spot rates fall faster than...

Landstar System (NASDAQ: LSTR) named Robert Brasher as its new vice president and chief commercial officer, effective June 3, 2019. Brasher, a 19-year veteran of the asset-light logistics company, succeeds Patrick J. O'Malley, who has been in the role since 2011. A 34-year veteran of Landstar, O'...

A less-than-truckload (LTL) company, a truckload carrier and an intermodal provider were all singled out for stock upgrades Wednesday by Cowen & Co. in a report bluntly titled "The death of freight has been greatly exaggerated." ArcBest (NASDAQ: ARCB) , Covenant Transportation (NASDAQ: CVTI)...

Asset-light transportation solutions provider Landstar System, Inc. (NASDAQ: LSTR) reported first quarter earnings per share (EPS) of $1.58, $0.21 higher year-over-year and $0.07 better than the consensus estimate. On its earnings call, management said that the overall freight brokerage market...

Landstar System, Inc. (NASDAQ: LSTR) reported first quarter earnings per share (EPS) of $1.58, compared to the consensus estimate of $1.51 and $0.21 higher than the 2018 first quarter. LSTR saw revenue decline 1.4 percent year-over-year to $1.03 billion compared to the consensus estimate of $1.04...

Companies Reporting Before The Bell Caterpillar Inc. (NYSE: CAT) is projected to report quarterly earnings at $2.86 per share on revenue of $13.38 billion. AT&T Inc. (NYSE: T) is estimated to report quarterly earnings at $0.86 per share on revenue of $45.11 billion. Anthem, Inc. (NYSE: ANTM...

  Upstarts Uber Freight and Convoy continued to gain market share among freight-matching rivals, as more traditional load boards saw their market share ebb in the face of more heavily digitized competition, according to a report from investment bank UBS. The study by UBS Group AG (NYSE: UBS...

Landstar System, Inc. reported (NASDAQ: LSTR) record revenue and profit for the fourth quarter as the slowing growth of truckload rates was offset with steady volumes. As for the first quarter, it expects more of the same as rates take seasonal dip, but loads see slight gain. But...

Companies Reporting Before The Bell Alibaba Group Holding Limited (NYSE: BABA) is expected to post quarterly earnings at $1.67 per share on revenue of $17.61 billion. McDonald's Corporation (NYSE: MCD) is projected to report quarterly earnings at $1.88 per share on revenue of $5.17 billion. AT...

There’s no point in sugar coating it: the market has been garbage the past three months. Thanks in large part to the fourth quarter volatility, only two S&P sectors finished 2018 in the green: utilities (1.7 percent) and health care (3 percent). On the other hand, three of the remaining...