Company Earnings

J.B. Hunt Transport Services beat fourth-quarter expectations. Visibility into 2022 remains murky but management is calling for continued growth.

J.B. Hunt’s fourth quarter comes in ahead of consensus as the intermodal, brokerage and truckload divisions see notable year-over-year improvements.

Delta Air Lines is on the path to recovery from the depths of the coronavirus pandemic, but omicron remains a hurdle.

Following numerous transportation and logistics deals in 2021, industry insiders discuss lofty expectations for 2022.

The year 2023 and beyond could boost railcar production volumes for Greenbrier as global low-carbon mandates drive freight to rail, say Greenbrier executives.

Supply chain visibility provider project44 sees record top-line growth during the fourth quarter, with bookings, account wins and retention coming in better than expected.

Schneider became the latest truckload carrier to bolt on a fleet. The company announced Tuesday the $263 million acquisition of dedicated carrier Midwest Logistics Systems.

The LTL carrier’s debt at the end of the third quarter was higher than a year earlier, but Moody’s is optimistic in making its upgrade.

Several asset-based carriers changed their course through M&A in 2021.

FedEx’s Express and LTL units delivered solid performances, while the bottom may have been hit at its Ground unit.

Volume and yield gains powered the Express and LTL units, while staffing shortages and operating inefficiencies continued to hurt the Ground unit.

Less-than-truckload carrier Yellow Corp reports the weakest revenue trends out of the public carriers providing fourth-quarter updates.

Forward Air’s initiative to upgrade its freight mix to a heavier class of premium cargo was evident in November results.

Truck broker Landstar System announced Wednesday it will use 2021’s record performance to pay shareholders a $2-per-share special dividend.

Less-than-truckload carrier Old Dominion said share-taking efforts led to revenue growth ahead of its peers during November.

Radiant Logistics announced Monday that it acquired digital logistics services provider Navegate for $35 million.

BMO’s quarterly figures on the health of its transportation portfolio are considered a strong indicator of underlying financials.

Knight-Swift adds to its less-than-truckload offering with the acquisition of Midwest Motor Express. Investors continue to see the value in owning LTL assets.

Difficulties finding trailers is starting to rival the effects of the driver shortage at the nation’s largest fleets.

During a Stephens conference presentation before investors, CEO Fuller also discussed the unique driver retention tool at Variant called the “squad.”

Intraquarter updates from less-than-truckload carriers show record third-quarter operating conditions have continued through the first two months of the fourth quarter.

General rate increases for less-than-truckload shipments not under contract are rolling in ahead of schedule and are a little higher than normal.

Werner Enterprises triples the size of its final-mile offering with the addition of Northeast-based Nehds Logistics.

Picking transport stocks in 2022 will not involve a blanket approach, according to Deutsche Bank. However, there are still several companies with significant upside potential.

Zim’s profits are still going up — way up — despite more vessels getting snared in West Coast port gridlock.

Although customers may have pulled back from ordering in the third quarter, that pullback is temporary and customers will still need new railcars eventually, FreightCar America executives said during Monday’s third-quarter earnings call.

Rates expected to remain strong into 2022, fallout from new ship deliveries in 2023-2024 to be muted.

Also on the podcast: Why banning oil exports would have no impact on prices.

Crude and product tankers may be totally different markets, but 2021 proved how connected they are.

Berkshire Grey’s revenue was up 750% year-over-year, but it still missed on analyst expectations, more than tripled its net loss and more than doubled its adjusted-EBITDA loss.

Parts shortages delay winter testing of Hyliion’s Hypertruck ERX while Cummins’ competition casts doubt on the future of the startup’s current Hybrid eX.

Cross-border trucking and logistics firm Titanium is negotiating higher rates with customers as inflation puts pressure on margins. “Nobody is shocked,” COO Marilyn Daniel says.

Third-party logistics provider Radiant Logistics again posted record quarterly results on Tuesday. On a call with analysts and investors, company officials called out strength in virtually every segment Radiant serves.

Domestic headwinds were balanced out by an international expansion as DoorDash stock popped 10% in post-market trading.

Less-than-truckload carriers report strong October results. But one analyst questions if the stocks have run too far ahead of results.

Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.

BNSF’s third-quarter net income rose 14%, to $1.5 billion, despite supply chain disruptions.

EBITDA at the digital brokerage remains in the red, but it is getting closer to breakeven.

Q3 2021 marked the first adjusted EBITDA-profitable quarter in Uber’s publicly traded history and the second in a row for Lyft.

ATSG is hitting on all cylinders with its aircraft leasing and cargo airline units, as third quarter results demonstrate.

The road ahead looks brighter than ever for the ride-hailing giant after posting an adjusted-EBITDA profit of $8 million.

Crude-tanker owners continue to pile up huge losses, but hopes are high for next year.

Square posted a 45% increase in revenue, but lower-than-expected bitcoin revenue dampened analysts’ enthusiasm for the Q3 results.

The company expects record 2021 earnings and boosts its 2023 bottom line forecast by $700 million, to $9.24 billion.

Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]

Wayfair stock is down in the early hours of trading on Thursday after a lackluster quarter.

Trimble Inc.’s third-quarter revenue and adjusted earnings per share topped analyst expectations in a challenging supply chain environment.

Fleetcor’s third-quarter adjusted earnings per share grew 26% year-over-year, while new sales bookings grew 52% in the same period.

Yellow Corp. rode a hot freight market and an internal overhaul to positive net income for the first time in several quarters.

The company’s first reporting quarter post-spinoff could have gone better.

Air Canada Cargo has been a strong pandemic performer, but the passenger side of the business is finally beginning to recover.

After becoming adjusted EBITDA-profitable for the first time ever in Q2 2021, Lyft keeps it rolling with another solid quarter.

Company plans to double LTL trailer capacity and add 900 dock doors.

Engine maker Cummins reduces its outlook for the full year amid the supply-constrained inability to meet elevated demands.

Despite beating the Wall Street consensus, Expeditors’ stock declined.

ArcBest reported record quarterly results on Tuesday, and management sees the possibility of incremental improvement moving forward.

ArcBest posted record quarterly results for the third time this year on Tuesday. Each of its segments reported double-digit top-line growth.

Maersk expands air business after earning more in a single quarter than in any prior full year.

TA’s diesel sales figures are a strong indicator of demand for the fuel, and they suggest that the third quarter wasn’t that much stronger than the second.

The company beats earnings per-share consensus, and posts revenue gains while hiking its full-year outlook.

Underneath the supply chain disruptions and the chip shortage are customers that need Wabtec’s components to improve their rail operations, executives said during the third-quarter earnings call.

Arkansas-based carrier’s trucking segment posted revenue of $113M and brokerage division posted revenue of $81M in Q3.

Universal Logistics misses third-quarter expectations and said it will look to its customers to address wage inflation and accessorial charges at the ports.

In its last quarter as part of Daimler AG, Daimler Truck reported higher unit sales but lower revenue.

TFI International plans to shut down four terminals at the former UPS Freight operation and the CEO signals more to come as the company targets costs.

Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.

Notable cost headwinds around driver sourcing and equipment downtime weighed heavily on Werner Enterprises’ third-quarter results. But the carrier still raised long-term margin expectations.

Both companies see their financial results weighed down by higher labor costs and operational disruptions due to staffing shortages.

TFI International fails to replicate early herculean improvement at ex-UPS Freight as operating ratio weakens slightly in record third-quarter financial results.

CEO Jassy says Amazon faces billions of dollars in additional costs during the fourth quarter.

Forward Air took an aggressive step Thursday, issuing sizable earnings growth guidance through 2023. Upgrading the freight mix has management confident in the extended outlook.

The CEO of Canada trucking giant Mullen Group says the cost of freight in the country is set to press upward amid high demand, tight capacity and the end of wage subsidies.

Management from Schneider National told analysts on its third-quarter earnings call that current truckload fundamentals should carry through the end of 2021 and well into next year.

The LTL carrier plans on opening 10 to 15 terminals in 2022.

Traton Group is optimistic for future quarters as it posts solid nine-month results with recently acquired Navistar included for the first time.

Although macroeconomic factors and lower train speeds support railcar leasing, the growth trend might be choppy as the COVID-19 pandemic and supply chain disruptions still weigh on the market, Trinity Industries and GATX said during their third-quarter 2021 earnings calls.

Shopify reported 46% revenue growth but failed to impress investors as it missed Q3 expectations.

A little more than a year ago, Ryder was dealing with too many used vehicles to sell. It is well past that now.

Old Dominion expects the costs of growing at such a fast pace will linger for a while. The company beat third-quarter estimates and doubled down on its share-taking strategy.

Used vehicle sales at the company were strong again.

Company shoots out the lights in the third quarter with soaring profits and EPS.

Biesterfeld expects the capacity-constrained environment to continue.

Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.

Paccar made up for the loss of 7,000 deliveries in Q3 through record parts profits and higher prices for used trucks.

UPS boosts its 2021 operating margin guidance to 13%.

Specialized and flatbed carrier Daseke posted better-than-expected third-quarter results Friday. Management said the company is working on a couple of acquisitions.

Triumph Bancorp CEO Graft revealed the numbers on the new factoring and brokerage companies that have signed up to the processing platform whose capabilities were bolstered earlier this year with the acquisition of HubTran.

Union Pacific could’ve handled more intermodal volume in the third quarter were it not for longer chassis dwell times and a shortage of dray drivers, executives said during the company’s earnings call.

Sequentially, tractor growth is positive for the first time in more than a year, a sign the company cites as evidence the Variant initiative is succeeding.

Covenant Logistics Group’s managed freight segment revenue grew 89% year-over-year during the third quarter, to $90 million.

CSX has been aggressively pursuing new employees in order to meet network capacity needs, executives said during the company’s third-quarter earnings call.

American Airlines is riding the cargo wave, like its competitors, but a challenging passenger environment is holding back its financial performance.

Landstar reports record third-quarter results and calls for a similar performance in the fourth and potentially beyond.

Slowdowns and stoppages likely to continue as supply chain disruptions plague heavy-duty truck production.

It’s an upside-down world when an airline makes more money flying less cargo than it did two years ago.

Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.

The railway is working with customers and steamship lines to find opportunities to divert traffic from Los Angeles and Long Beach, executives said during CP’s third-quarter 2021 earnings call.

A look at how Knight-Swift Transportation blew past third-quarter expectations and raised its full-year guidance.

In a quarterly earnings call, outgoing CEO JJ Ruest insists CN’s board of directors will conduct an extensive search for his successor. An activist investor is seeking to install its own CEO choice.

With other truckload carriers coming in at a sub-80% OR, Marten’s ratio for truckload improved just 40 bps.