Four companies now have settled a class-action lawsuit brought by a group of drivers who alleged uncompetitive behavior by eight companies in their recruiting activities.
Paschall Truck Lines parent Interstate Personnel Services (IPS) announced Thursday the recent acquisition of dry van carrier Transport Distribution Co. (TDC) and a related business.
The nation's largest truckload carrier, Knight-Swift Transportation, sees "over-the-road contract rate increases trending in the mid-teens" for 2021. However, tractor count and utilization will see some pressure as "sourcing drivers remains challenging." The outlook was provided in the company's second-quarter earnings report Wednesday.
Knight-Swift (NYSE:KNX) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.87 by 12.64 percent. This is a 71.93 percent increase over earnings of $0.57 per share from the same
Companies Reporting Before The Bell
Verizon Communications Inc. (NYSE: VZ) is estimated to report quarterly earnings at $1.29 per share on revenue of $32.68 billion.
Knight-Swift (NYSE:KNX) announces its next round of earnings this Wednesday, July 21. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.
North Liberty, Iowa-based truckload carrier Heartland Express reported an 8.1% year-over-year decline in second-quarter revenue (excluding fuel) Monday. Earnings per share were in line with analysts' expectations at 26 cents.