EPISODE · Oct 29, 2025 · 2 MIN
Morning Minute | October 29, 2025
from FreightCasts · host FreightWaves
Truckload carrier Pamt Corp. books another loss in Q3, reporting a net loss of $5.6 million for the third quarter, marking its fourth consecutive net loss in a market that continues to hammer the freight industry. The company's consolidated revenue dropped 18% year-over-year, and its truckload unit reported a tough 106.7% operating ratio, exacerbated by its high reliance on the tariff-hampered auto industry. In contrast, Flatbed trends buttress Landstar amid dry van slump, as the company reported strong flatbed volumes even though dry van freight demand remains soft. Landstar reported adjusted earnings per share of $1.22, just one cent shy of consensus estimates, and management noted that potential regulation-induced capacity crunch on the owner-operator population may signal a future market flip. Also covered today, Port Houston completes ship channel dredging amid environmental scrutiny, finalizing its share of the $1 billion Houston Ship Channel Expansion (Project 11) to widen the waterway to 700 feet through Galveston Bay. Port CEO Charlie Jenkins confirmed the project is already delivering measurable gains, improving safety and reducing vessel emissions by allowing ships to move more efficiently through one of the nation’s busiest waterways. Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
Truckload carrier Pamt Corp. books another loss in Q3, reporting a net loss of $5.6 million for the third quarter, marking its fourth consecutive net loss in a market that continues to hammer the freight industry. The company's consolidated revenue dropped 18% year-over-year, and its truckload unit reported a tough 106.7% operating ratio, exacerbated by its high reliance on the tariff-hampered auto industry. In contrast, Flatbed trends buttress Landstar amid dry van slump, as the company reported strong flatbed volumes even though dry van freight demand remains soft. Landstar reported adjusted earnings per share of $1.22, just one cent shy of consensus estimates, and management noted that potential regulation-induced capacity crunch on the owner-operator population may signal a future market flip. Also covered today, Port Houston completes ship channel dredging amid environmental scrutiny, finalizing its share of the $1 billion Houston Ship Channel Expansion (Project 11) to widen the waterway to 700 feet through Galveston Bay. Port CEO Charlie Jenkins confirmed the project is already delivering measurable gains, improving safety and reducing vessel emissions by allowing ships to move more efficiently through one of the nation’s busiest waterways. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Morning Minute | October 29, 2025
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