The Morning Mile — Tuesday, Oct. 20
Werner warns on profit, ATA sees runway in a supply-driven recovery, DAT linehaul holds firm, a $47 million verdict lands in New Mexico, and Volvo bundles powertrain repairs into one monthly payment.
Summarized from CDLWire.
Good morning, drivers. Here is what you need to know to start Tuesday, October 20.
Werner warns: Preliminary third-quarter adjusted earnings of $0.15 to $0.16 a share against a $0.36 estimate, with fuel, driver and insurance costs taking about $0.18 a share.
Recovery has runway: ATA's Bob Costello says the rebound is entirely supply-driven — enforcement is purging 'shadow capacity' while freight volumes stay mostly flat.
Rates hold underneath: DAT load posts dipped 3% to 2.6 million for the week ended Oct. 16, but linehaul rates held at $2.26 for van, $2.76 for reefer and $2.65 for flatbed.
$47 million verdict: A New Mexico jury awarded $47 million to a pickup driver and his mother in a 2022 tanker crash case against Pilot Thomas Logistics and Maxum Petroleum.
Volvo bundles powertrain repairs: The new Silver Service Contract adds engine, aftertreatment, transmission and clutch repairs to Volvo's Blue preventive-maintenance plan in one monthly payment for the all-new VNL and VNR — price not disclosed.
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