Latest news with #2025GlobalIndustrialTechandMobilityConference
Yahoo
22-02-2025
- Business
- Yahoo
Trucking execs see green shoots as industry awaits upturn
Signs that a freight recovery may be taking shape continue to surface, said trucking executives on the investor conference circuit this week. The overall sentiment is that the truckload industry is no longer in a recession and that normal seasonal trends have returned, but no one is ready to commit to when a meaningful positive inflection will occur. 'We know we're coming off the bottom of the market,' Drew Wilkerson, CEO at truck broker RXO (NYSE: RXO), told investors at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami on Wednesday. 'You are starting to see the signs of a market that's shifting. The thing that's not known is, what's the pace of the recovery?' He cited a recent run in TL spot rates and noted that contract rates have turned positive. He also talked about the increase in carrier tender rejections and said internal data shows load-to-truck ratios have nearly doubled year over year. RXO is calling for contract rates to increase y/y by low- to mid-single digits this year. The company's TL revenue per load is up y/y by a low-single-digit percentage to start the year after being flat in the fourth from TL carrier Werner Enterprises (NASDAQ: WERN) offered some positive anecdotes as well. The company said dialogue with customers – mostly nondiscretionary retail and food and beverage companies – has been more positive than it was a year ago. The carrier is coming off a peak season in which project freight volumes doubled y/y even though rates were higher. Werner also pointed to an improvement in spot rates and said its one-way TL unit has seen two straight quarters of y/y rate improvement. It is calling for a 'gradually improving market throughout the rest of the year.' The outlook calls for rate per total mile in the one-way fleet to increase by 1% to 4% y/y during the first half of 2025, with revenue per truck per week in its dedicated unit to be flat to 3% higher for the full year. Management said it was still early in bid season but results from contractual negotiations are consistent with expectations heading into the year. It expects truck capacity to continue to exit even as the market improves, pointing to the end of payment forbearance programs as lenders to the industry are taking sizable write-offs.'If you're a small or medium-size carrier that's just been barely scraping by and maybe doing an interest-only payment, or maybe not making a payment at all, and the [market] turn comes later, it's probably too late,' Nathan Meisgeier, Werner president and chief legal officer, said at Barclays 42nd Annual Industrial Select Conference in Miami on Wednesday. 'Even with an improvement in spot rate, even with the turn, we expect to see capacity attrition. We're still seeing it right now.' Werner is calling for truck growth of 1% to 5% y/y, with most of the additions coming at its dedicated fleet where the pipeline remains strong. J.B. Hunt Transport Services (NASDAQ: JBHT) said the fact that it doesn't have anything negative to announce is probably a positive. It said the market has reached an inflection as normal seasonal patterns have returned after a 30-month-plus freight recession. Its customers are bracing for TL rates to increase 3% to 8% y/y in 2025 but it also cautioned that the same customers were expecting rate increases a year ago. The company said it's still too early to forecast what will happen with intermodal rates this year but that it plans to focus on freight selection in hopes of running a balanced network with improved asset utilization and minimal repositioning costs. It also expects to get back to adding trucks in its dedicated service, without any notable offset from customer attrition, by the back half of the year. The company placed more than 1,700 trucks into a new service last year, but the additions were wiped out as some customers cut back on their capacity needs and others went out of business. J.B. Hunt reiterated a long-term goal of adding 800 to 1,000 net trucks in dedicated in more analysis of the current freight market? Watch the February edition of The State of Freight webinar here. More FreightWaves articles by Todd Maiden: LTL panel tells shippers to start using new freight classification codes now ABF Freight latest LTL carrier to nab Yellow terminals J.B. Hunt working on intermodal mix, awaiting rate inflection The post Trucking execs see green shoots as industry awaits upturn appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
AGCO to Present at Citi's 2025 Global Industrial Tech and Mobility Conference
DULUTH, Ga., Feb. 14, 2025 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in Citi's 2025 Global Industrial Tech and Mobility Conference on Wednesday, February 19, 2025. The conference will include a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, at 10:30 a.m. Eastern Time. Investors may listen to a live webcast of the presentation by accessing the "Events" section of the company's Investor Relations website at The webcast will also be archived immediately afterwards for 12 months. About AGCO:AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including leading brands Fendt®, Massey Ferguson®, PTx and Valtra®. AGCO's full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.7 billion in 2024. For more information, visit Please visit our website at View original content to download multimedia: SOURCE AGCO Corporation Sign in to access your portfolio
Associated Press
13-02-2025
- Business
- Associated Press
Parker Scheduled to Present at Citi's 2025 Global Industrial Tech and Mobility Conference on February 20 at 11:20 a.m. Eastern Time
CLEVELAND, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida on February 20, 2025 at 11:20 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information website at and will be archived on the site. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at or @parkerhannifin.
Yahoo
13-02-2025
- Business
- Yahoo
Parker Scheduled to Present at Citi's 2025 Global Industrial Tech and Mobility Conference on February 20 at 11:20 a.m. Eastern Time
CLEVELAND, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida on February 20, 2025 at 11:20 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information website at and will be archived on the site. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at or @parkerhannifin. ### CONTACT: Contact: Media - Aidan Gormley - Director, Global Communications and Branding 216-896-3258 Financial Analysts - Jeff Miller - Vice President, Investor Relations 216-896-2708 in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
Pentair to Attend Citi and Barclays Industrial Conferences
LONDON, February 11, 2025--(BUSINESS WIRE)--Pentair plc (NYSE: PNR), a leader in helping the world sustainably move, improve and enjoy water, life's most essential resource, will be attending Citi's 2025 Global Industrial Tech and Mobility Conference on February 18th and Barclays Annual Industrial Select Conference on February 19th, both conferences in Miami, Florida. Executive Vice President and Chief Financial Officer Bob Fishman and Executive Vice President and Chief Executive Officer of Pool Jerome Pedretti will present at 11:20 a.m. on February 18th and at 11:35 a.m. on February 19th Eastern Time. A live webcast of the presentations can be accessed through the "Investor Relations" section of Pentair's website ( A replay of the presentations will be available approximately 24 hours after the events and will remain available on the website for 90 days. ABOUT PENTAIR PLC At Pentair, we help the world sustainably move, improve, and enjoy water, life's most essential resource. From our residential and commercial water solutions, to industrial water management and everything in between, Pentair is a core large cap value S&P 500 equity stock focused on smart, sustainable water solutions that help our planet and people thrive. Pentair had revenue in 2024 of approximately $4.1 billion, and trades under the ticker symbol PNR. With approximately 9,750 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit View source version on Contacts Shelly HubbardVice President, Investor RelationsDirect: 612-812-0148Email: Rebecca OsbornSr. Director, CommunicationsDirect: 763-656-5589Email: Sign in to access your portfolio
