John Kingston
Editor at Large and Co-Host at FreightWaves
Host, Drilling Deep with John Kingston at FreightWaves
Editor-at-Large, @FreightWaves; knows some oil; ex-Platts editor. Writing trucking and other stuff; FreightWaves archives at https://t.co/5JZOoRpJnw #isles 4ever
Articles
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4 days ago |
freightwaves.com | Grace Sharkey |Thomas Wasson |Noi Mahoney |John Kingston
FreightWaves Staff Monday, May 12, 2025 U.S. and China reach comprehensive economic and trade agreement lowering tariffs The US and China have reached a landmark trade agreement, pausing reciprocal tariffs for 90 days and lowering duty rates to normal levels.
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1 week ago |
freightwaves.com | John Kingston
The stock performance of the few 3PLs that are publicly traded tells a stark story in the past 12 months. RXO (NYSE: RXO), which in its most recent two quarters posted losses, is down about 31% in the past year. Landstar (NASDAQ: LSTR), which has yet to report its first-quarter earnings and is considered mostly a 3PL but with some unique characteristics, is down 25.5% during those 12 months.
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1 week ago |
freightwaves.com | John Kingston
California has taken steps that, if completed, would over time effectively end key portions of its Advanced Clean Fleets rule, through a settlement of a lawsuit by 16 states spearheaded by the Nebraska attorney general. The settlement was posted Monday in the U.S. District Court for the Eastern District of California.
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1 week ago |
yahoo.com | John Kingston
California has taken steps that, if completed, would over time effectively end key portions of its Advanced Clean Fleets rule, through a settlement of a lawsuit by 16 states spearheaded by the Nebraska attorney general. The settlement was posted Monday in the U.S. District Court for the Eastern District of California.
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1 week ago |
freightwaves.com | John Kingston
With its business tied to the fate of the U.S. automobile market, it is no surprise that Proficent Auto Logistics, the only publicly-traded auto hauler, had a schizophrenic first four months of the year. The bottom-line numbers were not positive. Proficient had a significant weakening of its operating ratio in the first quarter. The company recorded an OR of 98.7%, compared to 93.2% a year ago. Sequentially, it improved by 10 basis points to 98.8%.
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Vehicle Miles Traveled definitely appears to have plateaued. March was higher than Feb but there were 3 more days. Meanwhile, Feb and March were both less than Jan and below last fall. Gasoline prices have been lower. A sign of a slowing economy? But we're still above a year ago. https://t.co/EsK6R9uem2
There's a new notes issue at $CMI and $MCO has given it an A2 rating, which is solidly in investment-grade territory. But it isn't a change; Cummins already had an A2 rating on other debt. Outlook is stable and liquidity is described as "strong." #diesel https://t.co/rTCiHhnCls
Staying in the club: $EXPD sets 5.5% hike in its dividend, rising to a semi-annual dividend of 77 cts, up from 73 cts. That keeps them as one of 69 dividend aristocrats, a company that has raised its payout for at least 25 straight years. Only other #logistics aristocrat: $CHRW. https://t.co/SiP5zFGMye
