Get news and insights into company earnings for the freight industry, including trucking, logistics and supply chain companies. Looking for additional information? Visit our Company Profiles page to learn more about specific logistics companies.
Radiant Logistics pushed back financial filings once again as it works to correct inaccurate timing of revenue and expenses in prior periods.
Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.
The Postal Service is hit by higher costs, slowing package volumes.
XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.
Shares are trading down sharply after Forward Air reported shipping fewer pieces per shipment than expected in the fourth quarter.
FleetCor Technologies beat Wall Street quarterly revenue and earnings estimates and offers a positive outlook for 2023.
Transport company RXO, coming off a solid performance in its first quarter as a stand-alone entity, is “positioning ourselves for the inflection,” according to CEO Drew Wilkerson.
XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.
Weak freight markets led to a fourth-quarter downturn at Uber Freight.
Supply chain technology provider Trimble Inc.’s transportation revenue was $150 million in the fourth quarter and $604.2 million in 2022.
Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates “will disappear.”
Management from Werner Enterprises parses through 2023 expectations on a Tuesday evening call with analysts.
Transportation firm RXO reports a 19.6% gross margin in the fourth quarter, with brokerage gross margins clocking in at 17.9%.
TFI posted in-line fourth-quarter EPS. Revenue was down in a tough operating environment.
Daseke said Monday that supply constraints and cost inflation will again push flatbed rates to new highs in 2025.
Engine maker Cummins Inc. posted 2022 records in key financial metrics as it worked to integrate its Meritor acquisition.
Maintenance downtime at Sun Country cut into cargo revenue and growth was limited by slower Amazon e-commerce business.
LTL carrier sees likely flat operating ratio in Q1 compared to Q4 of ’22.
Truckload carrier Heartland Express missed fourth-quarter expectations Friday.
ArcBest’s fourth-quarter was worse than expected as the carrier manages through the downside of the less-than-truckload cycle.
Hub Group had higher revenue in its logistics, truck brokerage and intermodal segments during the fourth quarter.
Amazon posts solid revenue but retreats on operating and net income.
The tanker industry has a storied history of corporate showdowns. The latest, a three-way tussle involving Euronav, looks far from over.
The day after C.H. Robinson announced disappointing fourth-quarter earnings, the analyst community showed little optimism for the 3PL leader’s near-term future.
Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.
Aligning with certain customers on long-term supply agreements helped Wabash post Q4 and full-year records.
Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.
Hawaiian Airlines faces some headwinds in 2023, including some extra temporary costs to prepare for new business flying freighters for Amazon.
Interim CEO Anderson says cost savings target is $150 million by the end of the year; Global Forwarding drags down Q4 earnings.
Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
Canadian Pacific is waiting for the Surface Transportation Board to render its decision on the proposed merger with Kansas City Southern. In the meantime, CP has been conducting interline tests to see how its service might compare to similar truck lanes.
XPO, on its way to becoming a pure-play LTL carrier, received an upgrade in its debt rating from S&P Global Ratings.
ONE’s profit dropped by 50% quarter over quarter to $2.76 billion.
German ocean shipping company Hapag-Lloyd said its earnings before interest, taxes, depreciation and amortization jumped by $7.6 billion year over year.
Logistics warehouse operator Link Logistics reports high occupancy and rents during the fourth quarter.
Rail car manufacturer and lessor GATX sees a strong secondary market and continued demand for rail cars to help support the company this year.
Triumph Financial hit a significant milestone in the business it built from the acquisition of HubTran, but TriumphPay’s EBITDA worsened.
Knight-Swift Transportation’s 2023 outlook comes in as expected, potentially establishing a higher earnings trough for the carrier.
American Airlines generated strong cargo sales in 2022 even as market conditions deteriorated.
Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns.
Marten Transport had a mostly steady quarter, with some improvements and some softness.
Like the other Class I railroads, CSX is bracing for macroeconomic headwinds in 2023. But continuing service improvements will lend support to the company, executives said during CSX’s fourth-quarter earnings call.
Volvo Group set a fourth-quarter record for deliveries, but the OEM said supply chain disruptions and energy costs would impact business.
Covenant Logistics Group missed fourth-quarter expectations even when excluding expenses incurred onboarding equipment.
Inflation and other macroeconomic headwinds figure into Norfolk Southern’s projections for 2023. Volume growth is also a big unknown, executives said during NS’ fourth-quarter 2022 earnings call Wednesday.
CN will adjust its operating plan to run faster and potentially shorter trains and concentrate on courting customers where network capacity is available, executives said on the railway’s fourth-quarter 2022 earnings call.
On Union Pacific’s list of resolutions for 2023 are plans to improve rail service, enhance quality of life for craft employees and achieve productivity gains, according to executives on the railroad’s fourth-quarter 2022 earnings call Tuesday.
Paccar Inc. posted record revenue and profits across the board in the fourth quarter, belying predictions of an economic slowdown.
Uber Freight is cutting about 3% of its workforce, all of the jobs coming out of its digital brokerage activities.
United Airlines saw cargo revenue dip but exceeded financial expectations in the fourth quarter.
Prologis says warehouse rents will step higher again in 2023.
Management from J.B. Hunt sees the potential for a rebound in freight markets by the back half of 2023.
J.B. Hunt recorded a huge headline miss in the fourth quarter. However, excluding what may be a nonrecurring claims expense, the result was more subdued.
Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.
Delta Air Lines carried more than $1 billion in cargo below passengers’ feet last year, setting a company record.
E2open, a publicly traded supply chain software provider, reveals earnings that provide a look into the state of the industry.
Morgan Stanley said trucking fundamentals could be “bottoming” in a Monday note to clients while Susquehanna called it quits on several stocks.
Reducing costs and shifting supply chain conditions were among the reasons why rail car manufacturer Greenbrier is ceasing production at its longtime Portland, Oregon, facility.
For a series of convoluted reasons, a ratings agency has changed its outlook on flatbed operator Daseke.
FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
FedEx must convince stakeholders that it will stay the course on cost reductions.
FedEx’s 2023 second-quarter results proved its ability to quickly slash costs but also showed the damage a demand slowdown is inflicting on its top line.
Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.
3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.
Major auto hauler United Road saw its already-low debt rating affirmed, but the outlook was cut to negative as it continues to generate negative free cash flow.
Yellow is seeing large tonnage declines continue as the fourth quarter advances.
Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.
Descartes said demand for supply chain visibility tools remains strong amid uncertainty in the broader economy.
RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.
Less-than-truckload tonnage declined at an accelerated pace through November.
The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.
The BMO transportation group’s quarterly results represent a key indicator of trucking industry economic health, but there has been no significant downturn yet.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
Expeditors’ stock is too high priced, Wells Fargo says, as it cuts its rating to a level tantamount to “sell.”
Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
Radiant Logistics said Wednesday it needed more time to complete a restatement of financials and submit results to the SEC.
The U.S. Postal Service posted declines in package-delivery revenue and volume.
In a stunning announcement, an analyst and his company that could be seen as skeptical of XPO’s prospects won’t be tracking the company moving forward.
Contract logistics giant GXO posts a better-than-expected earnings per share and affirms its full-year targets.
Flatbed hauler Daseke said its trucks remain “booked solid” and that it will look to use cost and efficiency initiatives to improve results again in 2023.
High utilization rates show a demand for rail cars, executives for FreightCar America said during a third-quarter 2022 earnings call Tuesday.
German shipping and logistics giant Deutsche Post DHL has raised its full-year profit guidance to a record of $8.38 billion.
Revenues and expenses were little changed from last year at Expeditors but profitability rose.
Higher revenues in Q3 weren’t enough to offset a 30% increase in operational expenses for western U.S. rail carrier BNSF.
Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Railcar manufacturers expressed five themes in recent earnings calls. Their consensus: There is still much to be upbeat about.
Fleet growth will be held steady as the truckload carrier pivots back to a more traditional model.
The $3.3 billion acquisition of Meritor Inc. took a bite out of Cummins’ Q3 earnings as did underperforming joint ventures in China.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.
Logistics real estate operator Link Logistics said “broad-based demand” further narrowed vacancy rates and produced record lease spreads in the third quarter.
Werner Enterprises has built a model to perform on the downside of the cycle. Management believes the carrier may be better positioned to do so than in the past.
Less-than-truckload carrier Yellow Corp. navigates second year of volume declines amid network overhaul.
Supply chain technology provider Trimble Inc.’s transportation revenue dropped 10% in the third quarter.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.
Forwarding income from operations was nearly cut in half and truckload prices to customers fell by double digits year over year.
