Analysts’ reaction to US Xpress's third-quarter earnings brings to mind a term that CEO Eric Fuller frequently uses: inflection point. After quarterly earnings, Fuller spoke mainly about the future that traditional measures could only describe dismal, especially as numerous other freight businesses are reporting stellar results. And Wall Street analysts...
In a $3.25 million stolen-goods conspiracy, a former FedEx Ground senior manager was punished
For his role in a decade-long stolen-goods scheme, a former senior manager of a FedEx Ground facility in Delaware was sentenced to more than three years in jail and ordered to pay back more than $1.1 million and forfeit more than $1.8 million in property on Thursday. In February 2020,...
The robust performance of Marten’s brokerage unit contrasts with slow truckload earnings
Marten Transport reported higher third-quarter earnings, but most came from an unlikely source: its brokerage section. In a quarter when truckload carriers Heartland Express (NASDAQ: HTLD) and P.A.M. Transport (NASDAQ: PTSI) both reported operating ratios under 80%, Marten's (NASDAQ: MRTN) truckload OR improved marginally to 88.3 percent from 88.7 percent...