Latest news with #transportation
Yahoo
4 hours ago
- Business
- Yahoo
J.B. Hunt still waiting for market to turn
J.B. Hunt Transport Services remains focused on improving its freight profile and removing costs as it awaits a positive inflection in demand. The Lowell, Arkansas-based company reported earnings per share of $1.31 for the second quarter, which was largely in line with analysts' expectations and flat year over year. Consolidated revenue of $2.93 billion was also flat y/y and in line with the consensus estimate. Operating income slid 4% to $197 million but margins have largely stabilized across its various business units. The multimodal transportation provider has identified $100M in cost takeouts, which include a variety of efficiency and asset utilization improvement initiatives. Some of the reductions will be realized this year with the bulk occurring next year. J.B. Hunt's (NASDAQ: JBHT) intermodal revenue increased 2% y/y to $1.44 billion as loads increased 6% and revenue per load fell 3%. A 15% jump in loads originating in the East weighed on the yield metric given a shorter length of haul. Transcontinental loads were down 1% in the quarter. By month, loads were up 11% y/y in April, 3% in May and 4% in June. By comparison, total intermodal traffic on the U.S. Class I railroads was up 2% y/y (container-only traffic was up 3%) during the quarter, according to the Association of American Railroads. The choppiness in load trends during the quarter was largely due to changing customer behaviors in reaction to the trade war. Some of J.B. Hunt's customers have pulled freight shipments forward while others have not. Other customers have changed where they source their goods, away from countries that are likely to see punitive tariffs from the U.S. The changes in customer demand pushed J.B. Hunt to pull forward its peak season surcharge programs this year. During the recent intermodal bid season, the company captured positive rate increases for the first time in two years. However, positive pricing in head haul lanes, was partially offset by pricing weakness in back haul lanes. While management was hopeful for bigger rate increases, it said the modest increases it received along with a reduction in its cost profile has allowed it to stabilize margins in the unit. The unit's operating ratio (inverse of operating margin) deteriorated 40 basis points y/y to 93.3%. The result was 30 bps better than the first quarter. Dedicated revenue dipped less than 1% y/y to $847 million as a 3% decline in average trucks in service was largely offset by a 3% increase in revenue per truck per week (up 5% excluding fuel surcharges). The company sold service on 275 trucks during the quarter, all of which was offset by customer attrition. It said planned account closures covering 85 trucks spilled into July, which positively impacted the period. The delays, however, could impact a prior expectation for y/y operating income growth in the unit this year. J.B. Hunt reiterated a longer-term goal for net growth of 800 to 1,000 units annually. It expects to return to net fleet growth in the back half of this year. The unit's OR was 30 bps worse y/y at 88.9%. The second quarter marked 10 straight operating losses for the brokerage unit. The segment booked a $3.6 million loss in the period, nearly $10 million better y/y but $1 million worse than the first quarter. Revenue declined 4% y/y to $260 million as a 9% decline in loads was partially offset by a 6% increase in revenue per load. May saw some market tightening due to an annual safety blitz known as Roadcheck. That led to compressed margins during the month as purchased transportation expenses increased around the event. However, margins improved in June as spot rates softened. Recent account awards in the unit carried low- to mid-single-digit rate increases. A portion of the consolidated cost reduction plan is tied to cost takeouts in the brokerage unit. Head count was down 21% y/y (nearly level with the first quarter at 560 employees). Loads per employee in the unit grew 15% y/y and gross profit per employee was up 27% y/y. Shares of JBHT were off 1.1% in after-hours trading on Tuesday following a 2.2% decline during the full-day session. More FreightWaves articles by Todd Maiden: LTL pricing index to hit record high in Q3 June produces mixed freight trends, recovery remains 'elusive' Carrier Logistics automates LTL shipment data entry The post J.B. Hunt still waiting for market to turn appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
9 hours ago
- Politics
- CNN
Flash Floods swamp Northeast US metro areas
Flash floods swamp Northeast US metro areas Millions across the Northeast and Mid-Atlantic remain under flash flood warnings as slow-moving summer storms bring heavy showers to the East Coast, impacting transportation and leaving people stranded in vehicles on waterlogged roads. 01:01 - Source: CNN Vertical Top News 16 videos Flash floods swamp Northeast US metro areas Millions across the Northeast and Mid-Atlantic remain under flash flood warnings as slow-moving summer storms bring heavy showers to the East Coast, impacting transportation and leaving people stranded in vehicles on waterlogged roads. 01:01 - Source: CNN Trump's fight with MAGA base over Epstein explained President Trump is at odds with some of his own supporters over after his Attorney General Pam Bondi declined to release more documents from the Jeffrey Epstein case. CNN's Erin Burnett explains the feud inside Trump's MAGA movement. 02:20 - Source: CNN Analysis: Moscow's reaction to Trump's 50-day peace deadline President Donald Trump has vowed further sanctions on Russia if a peace deal is not reached in 50 days. CNN's Chief Global Affairs Correspondent breaks down the Russian reaction and perspective on Monday's announcement from Moscow. 01:13 - Source: CNN Key evidence prosecutors allege in the case against a Colorado dentist accused of poisoning his wife The trial of Aurora, Colorado dentist James Craig accused of fatally poisoning his wife Angela's protein shakes begins this week. CNN's Jean Casarez reports on the allegations prosecutors have laid against him. 02:55 - Source: CNN Trump announces novel plan to send weapons to Ukraine In an Oval Office meeting, President Trump announced that the US will sell weapons to European nations who will then send them to Ukraine. The president also threatened new trade consequences if no peace deal is reached with Ukraine within 50 days. 00:26 - Source: CNN Deadly fire at Massachusetts assisted living facility Nine people died Sunday night after an assisted living facility caught fire in Fall River, Massachusetts, officials said, with elderly people begging for help from first responders as smoke poured out of the building. 00:37 - Source: CNN Journalist offers new account of Trump assassination attempt The Secret Service has issued suspensions for several agents involved in securing the Pennsylvania rally last year where Donald Trump was shot in the ear and a rally goer was killed by the would-be assassin, according to multiple sources. Journalist Salena Zito, who witnessed the assassination attempt, joined Jake Tapper to discuss why she believes "it's about time" suspensions are doled out. 00:49 - Source: CNN ICE vehicle runs through protesters CNN affiliate KGO reports that an ICE vehicle ran through protesters attempting to stop an alleged deportation outside the San Francisco Federal Immigration Court. 00:59 - Source: CNN How the first 48 hours of the Texas floods unfolded The Guadalupe River rose 26 feet in 45 minutes on the morning of July 4th, leading to devastation and more than 100 deaths across Central Texas. CNN recounts what happened in the first 48 hours of the flood. 05:02 - Source: CNN Analysis: Do Trump's words affect Putin's actions? President Donald Trump called Russian President Vladimir Putin out for throwing "bullsh*t" on peace talks with Ukraine - hours later, Russia launched its largest ever drone attack on Ukraine. CNN's Matthew Chance analyzes whether the US leader's comments have an impact on Russia's military operations. 01:23 - Source: CNN Federal agents face off with protesters at California farm The Ventura County Fire Department said they responded to calls of people having breathing problems at a farm in Ventura County, California, after federal agents appeared to deploy tear gas canisters into the crowd. A DHS spokesperson told CNN that they were "executing criminal warrants at a marijuana facility." It is unclear if any arrests were made. 01:24 - Source: CNN Birkin bag smashes auction records at $10 million Scuffed, scratched and stained, this black leather Hermès Birkin bag just sold for €8.6 million ($10 million), with fees, becoming the most expensive handbag to ever sell at auction. After a dramatic bidding war, the hammer fell at a winning bid of €7 million ($8.2 million). Known as 'The Original Birkin,' the rarefied handbag is the first version of this timeless luxury staple, inspired by its owner — '60s 'It-girl' Jane Birkin. 01:52 - Source: CNN Moo Deng turns one The Khao Kheow Open Zoo in Thailand celebrated the first birthday of Moo Deng – a pygmy hippo who rose to fame last year after heartwarming and mischievous videos of her went viral. CNN spoke to Moo Deng fans who flew from around the world to celebrate her special day. 01:13 - Source: CNN Father was on the phone with son before he was swept away by Texas floods CNN's Kaitlan Collins interviews Thad Heartfield, a father searching for his 22-year-old son Aiden, who is missing after the flash floods that devastated central Texas. 01:20 - Source: CNN Video: Bodycam footage shows Olympic gold medal gymnast arrested for DUI The City of Fairmont Police Department released bodycam videos showing iconic Olympic gold medal gymnast Mary Lou Retton struggling to take a field sobriety test during a May traffic stop in West Virginia. Retton was arrested and paid a fine after a court hearing, after which she released a statement apologizing. 02:27 - Source: CNN Video shows 31 workers rescued after tunnel collapse 31 workers were craned out of an industrial site after part of a tunnel for a municipal wastewater project collapsed in Los Angeles. No injuries or missing persons have been reported. 00:38 - Source: KABC
CNN
10 hours ago
- Politics
- CNN
Flash Floods swamp Northeast US metro areas
Flash floods swamp Northeast US metro areas Millions across the Northeast and Mid-Atlantic remain under flash flood warnings as slow-moving summer storms bring heavy showers to the East Coast, impacting transportation and leaving people stranded in vehicles on waterlogged roads. 01:01 - Source: CNN Vertical Top News 17 videos Flash floods swamp Northeast US metro areas Millions across the Northeast and Mid-Atlantic remain under flash flood warnings as slow-moving summer storms bring heavy showers to the East Coast, impacting transportation and leaving people stranded in vehicles on waterlogged roads. 01:01 - Source: CNN Trump announces novel plan to send weapons to Ukraine In an Oval Office meeting, President Trump announced that the US will sell weapons to European nations who will then send them to Ukraine. The president also threatened new trade consequences if no peace deal is reached with Ukraine within 50 days. 00:26 - Source: CNN Deadly fire at Massachusetts assisted living facility Nine people died Sunday night after an assisted living facility caught fire in Fall River, Massachusetts, officials said, with elderly people begging for help from first responders as smoke poured out of the building. 00:37 - Source: CNN Journalist offers new account of Trump assassination attempt The Secret Service has issued suspensions for several agents involved in securing the Pennsylvania rally last year where Donald Trump was shot in the ear and a rally goer was killed by the would-be assassin, according to multiple sources. Journalist Salena Zito, who witnessed the assassination attempt, joined Jake Tapper to discuss why she believes "it's about time" suspensions are doled out. 00:49 - Source: CNN ICE vehicle runs through protesters CNN affiliate KGO reports that an ICE vehicle ran through protesters attempting to stop an alleged deportation outside the San Francisco Federal Immigration Court. 00:59 - Source: CNN How the first 48 hours of the Texas floods unfolded The Guadalupe River rose 26 feet in 45 minutes on the morning of July 4th, leading to devastation and more than 100 deaths across Central Texas. CNN recounts what happened in the first 48 hours of the flood. 05:02 - Source: CNN Analysis: Do Trump's words affect Putin's actions? President Donald Trump called Russian President Vladimir Putin out for throwing "bullsh*t" on peace talks with Ukraine - hours later, Russia launched its largest ever drone attack on Ukraine. CNN's Matthew Chance analyzes whether the US leader's comments have an impact on Russia's military operations. 01:23 - Source: CNN Federal agents face off with protesters at California farm The Ventura County Fire Department said they responded to calls of people having breathing problems at a farm in Ventura County, California, after federal agents appeared to deploy tear gas canisters into the crowd. A DHS spokesperson told CNN that they were "executing criminal warrants at a marijuana facility." It is unclear if any arrests were made. 01:24 - Source: CNN Birkin bag smashes auction records at $10 million Scuffed, scratched and stained, this black leather Hermès Birkin bag just sold for €8.6 million ($10 million), with fees, becoming the most expensive handbag to ever sell at auction. After a dramatic bidding war, the hammer fell at a winning bid of €7 million ($8.2 million). Known as 'The Original Birkin,' the rarefied handbag is the first version of this timeless luxury staple, inspired by its owner — '60s 'It-girl' Jane Birkin. 01:52 - Source: CNN Moo Deng turns one The Khao Kheow Open Zoo in Thailand celebrated the first birthday of Moo Deng – a pygmy hippo who rose to fame last year after heartwarming and mischievous videos of her went viral. CNN spoke to Moo Deng fans who flew from around the world to celebrate her special day. 01:13 - Source: CNN Father was on the phone with son before he was swept away by Texas floods CNN's Kaitlan Collins interviews Thad Heartfield, a father searching for his 22-year-old son Aiden, who is missing after the flash floods that devastated central Texas. 01:20 - Source: CNN Video: Bodycam footage shows Olympic gold medal gymnast arrested for DUI The City of Fairmont Police Department released bodycam videos showing iconic Olympic gold medal gymnast Mary Lou Retton struggling to take a field sobriety test during a May traffic stop in West Virginia. Retton was arrested and paid a fine after a court hearing, after which she released a statement apologizing. 02:27 - Source: CNN Video shows 31 workers rescued after tunnel collapse 31 workers were craned out of an industrial site after part of a tunnel for a municipal wastewater project collapsed in Los Angeles. No injuries or missing persons have been reported. 00:38 - Source: KABC Doctors in Gaza struggle to keep babies alive CNN's Paula Hancocks reports on the situation in Gaza as doctors try to keep preterm babies alive in a warzone where formula, medicine and fuel are in short supply. 02:48 - Source: CNN GOP senator reveals details of conversations with Trump over bill vote Sen. Thom Tillis (R-NC) joins CNN's Jake Tapper to discuss his private conversation with President Donald Trump after voting against the president's agenda — just before announcing he would retire from Congress instead of seeking reelection next November. 03:27 - Source: CNN Brothers recount being rescued during flood CNN's Pam Brown speaks to two brothers, 7-year-old Brock and 9-year-old Braeden Davis, who were at Camp La Junta when catastrophic flooding swept central Texas. 01:28 - Source: CNN Trump praises Liberian leader's English. It's his native language During a White House meeting with leaders of African nations, President Donald Trump complimented Liberian President Joseph Boakai's English pronunciation, even though English is Boakai's native language. 00:49 - Source: CNN
Yahoo
16 hours ago
- Business
- Yahoo
Earnings Preview: What To Expect From CSX Corporation's Report
With a market cap of $63.8 billion, CSX Corporation (CSX) is a leading transportation company in North America, providing rail-based freight services across the United States and Canada. With a vast 20,000-mile rail network and a fleet of approximately 3,500 locomotives, CSX connects key production and distribution centers through its rail, intermodal, and trucking services. The Jacksonville, Florida-based company is expected to release its fiscal Q2 2025 earnings results after the market closes on Wednesday, Jul. 23. Ahead of this event, analysts project CSX to report an EPS of $0.42, a 14.3% decline from $0.49 in the year-ago quarter. The company has exceeded Wall Street's bottom-line estimates in one of the last four quarters while missing on three other occasions. Palantir Just Launched Warp Speed for Warships. Does That Make PLTR Stock a Buy? This Analyst Just Doubled His Price Target on AMD Stock How High Can Nvidia Stock Go as Jensen Huang Heads to China? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts forecast the freight railroad to report EPS of $1.65, down 9.8% from $1.83 in fiscal 2024. However, EPS is expected to grow 15.8% year-over-year to $1.91 in fiscal 2026. CSX stock has risen marginally over the past 52 weeks, lagging behind the broader S&P 500 Index's ($SPX) 11.6% return and the Industrial Select Sector SPDR Fund's (XLI) 21.6% gain over the same period. On Apr. 16, CSX Corporation reported disappointing Q1 2025 financial results, with earnings per share coming in at $0.34, missing analysts' expectations and marking a 26% decline compared to the same quarter last year. Revenue also fell short, totaling $3.4 billion, a 7% year-over-year decrease, driven primarily by a 27% drop in coal revenues, a 6% decline in trucking, and a 20% fall in other revenues. Despite the weak performance, CSX shares rose 1.2% the following day. Analysts' consensus view on CSX Corporation stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 25 analysts covering the stock, 14 suggest a "Strong Buy," one gives a "Moderate Buy," and 10 provide a "Hold" rating. This configuration is less bullish than three months ago, with 17 analysts suggesting a "Strong Buy." As of writing, the stock is trading below the average analyst price target of $34.33. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
National Post
21 hours ago
- Business
- National Post
Autonomous Agents Set to Revolutionize Transportation Management
Article content Article content Global research from Manhattan Associates finds integration difficulties and data quality remain significant hurdles for organizations looking to leverage AI across transportation management Article content Article content ATLANTA — Manhattan Associates Inc. (NASDAQ: MANH), the global leader in supply chain commerce, today announced the findings of its latest collaboration with international research firm Vanson Bourne. The global research surveyed 1,450 senior decision-makers* from organizations in manufacturing, retail, wholesale, consumer goods, grocery and food & beverage sectors, across North America, Latin America, Europe and Australia. 'Transportation is the backbone of supply chains, essential to ensuring goods are delivered on time to meet customer expectations,' commented Bryant Smith, director, Transportation Management Systems (TMS) at Manhattan Associates. 'Yet, managing transportation is becoming increasingly complex, pressured by demands on shorter fulfilment times, capacity and cost efficiencies, tighter sustainability regulations, and the growing necessity for access to end-to-end visibility across all operations,' Smith added. Article content Fragmented systems: operational visibility and efficiency still challenging Article content The true value of visibility extends beyond simply accessing operational data: it lies in the ability to address issues highlighted by this information and action operational improvements more quickly and efficiently. Beyond disruptions however, 60% of organizations say that enhancing visibility leads to greater customer satisfaction, through more accurate and timely updates, while 50% cite reductions in transportation costs as a key benefit of increased operational visibility. Article content 61% of organizations anticipate fully autonomous Agentic AI, capable of acting independently to achieve specific goals within the next five years, however, only 37% have deeply integrated AI and machine learning in their TMS today. Article content While many might view five years in the AI space like an eon, the gap between future expectations and current usage is noteworthy given adoption is rarely straightforward: although almost half (48%) said that they already feel very prepared for autonomous agents by 2030, practically every organization (99%) reported facing, or expecting to face, hurdles, with concerns including skill shortages (49%), integration difficulties (44%) and data quality and availability issues (44%). Article content With many organizations seemingly well-placed to take advantage of the cost, efficiency and scalability gains afforded by autonomous agents, those organizations on the other side need to rethink their AI strategies otherwise they risk losing significant (and possibly irretrievable) market share to rivals. Article content Sustainability compliance: a priority and significant pain point Article content The push for more sustainable transportation is widespread. 69% of organizations say sustainability is either a global mandate or an area of significant pressure, with 62% already implementing Corporate Sustainability Reporting Directive reporting. Navigating complex and shifting compliance requirements remains a global challenge, with sustainability compliance most frequently cited as a constraint expected to impact organizational performance over the next five years. A modern TMS can help to deliver the data visibility and functionality needed to measure progress and demonstrate compliance, vital to ensuring sustainability remains at the forefront of organizational thinking. Article content Smith summarized: 'Modern transportation management demands organizations balance a range of competing priorities, and the research clearly illustrates many organizations are still unprepared to meet the challenges of evolving sustainability mandates, expectations around AI and the need for more visible, actionable data insights. Looking ahead to 2030, these demands will intensify, increasing the pressure on organizations to operate transportation operations in smarter more intuitive ways. Article content '87% of respondents anticipate that challenges in areas such as operational visibility, AI adoption and sustainability compliance will intensify, leaving their current Transportation Management Systems struggling to keep pace. Failure to act now will expose organizations to rising costs, questions over long-term efficacy, and the risk of falling short of customer promises,' Smith finished. Article content Additional stats: Article content 48% of organizations spend more than 10% of their transportation logistics budget on errors and disruptions 78% view transportation management as a strategic imperative for success and this figure rises to 86% by 2030 61% are anticipating fully autonomous Agentic AI, capable of acting independently to achieve specific goals, or minimal human oversight within the next five years for TMS 50% report challenges in proactively rerouting shipments, while 49% struggle with optimizing dock and warehouse labor scheduling 82% express strong confidence that advances in planning, forecasting and modelling will reduce freight costs by at least 5% within the next five years. Organizations are still struggling to operationalize sustainability: only 34% say they've factored sustainability into operational planning, 30% into procurement decisions, and just 31% offer carbon-friendly fuel solutions. While a majority have integrated their TMS with Sales and Operations Planning systems (60%) and are utilizing predictive analytics or AI (56%), far fewer are capitalizing on key enablers such as historical trend analysis (38%), automated booking and tendering (36%), or real-time demand sensing (35%). Article content *Methodology: Article content Vanson Bourne surveyed 1,450 senior decision makers with responsibility for or knowledge of their organization's transportation management operations, working within transportation, logistics, supply chain, IT or finance functions. Respondents must operate within the manufacturing, retail, wholesale, consumer goods, grocery and food & beverage sectors. The survey interviewed respondents from North America, Latin America, Europe and Australia. All respondents came from organizations with at least US$750 million in global annual revenue. Article content About Manhattan Associates: Article content Article content Article content Article content Contacts Article content Press Contact: Article content Article content Article content Article content
