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.
Converting two flat switching yards back to hump yards and adjusting train schedules are broader initiatives that aim to serve customers better, Norfolk Southern executives said during the company’s second-quarter 2022 earnings call Wednesday.
Robinson’s NAST revenue rises despite LTL volume declines and modest TL growth.
Less-than-truckload carrier Saia reports record results for the second quarter and said it has no plans of slowing its growth initiatives.
Logistics giant Ryder posted total revenue of $3.03 billion and earnings per share of $4.43 during the second quarter.
Old Dominion Freight Line’s 69.5% operating ratio during the second quarter was not only a company best but a best-ever result for a public carrier.
Anticipated strength in domestic intermodal and higher grain volumes will support CN in the back half of this year, company executives said during the Canadian railway’s second-quarter 2022 earnings call.
Shopify posted a $1.2 billion loss in the second quarter a day after it announced it was slashing 10% of its workforce.
Paccar Inc. defied analyst estimates and posted top- and bottom-line beats in second-quarter revenue and income.
Despite a murky economic outlook, Covenant remains optimistic about the company’s business prospects through 2023.
The Atlanta-based company also reveals a plan to improve on-time performance across its U.S. network.
Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.
Covenant Logistics Group’s truckload revenue increased 29% year over year to $218 million, despite unprecedented cost inflation and higher insurance costs.
Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.
Pent-up demand for railcars will support GATX even as rail service clears up.
Union Pacific executives said it wasn’t precision scheduled railroading but running the network too tightly that brought on the service issues.
Triumph Bancorp posts strong second-quarter financial results while remaining “cautiously optimistic” for a relatively flat trucking and transportation market through the end of 2022.
Broker Landstar System missed second-quarter expectations but noted pricing metrics are holding firm.
An unanticipated high attrition rate among new hires has affected the pace of CSX’s planned operational recovery, according to executives on the railroad’s second-quarter earnings call.
Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.
Passenger travel carried United Airlines to a second-quarter profit, while cargo sales eased for the first time in two years.
FreightWaves announces a new Chief Revenue Officer and its Q2 earnings.
J.B. Hunt Transport Services beat second-quarter expectations despite persistent rail congestion and supply chain bottlenecks.
J.B. Hunt Transport Services’ second quarter came in ahead of forecasts.
Volvo Group reported higher truck sales, profits and market share in the second quarter despite ongoing supply chain disruptions.
Temperature-controlled carrier Marten Transport rode higher yield metrics to a record quarter.
Logistics real estate investment trust Prologis on Monday pointed to some moderation in demand trends but pushed its full-year financial expectations higher.
Logistics warehouse owner Prologis reported in-line second-quarter financials Monday but full-year expectations were increased on “healthy demand.”
Customers are eager to move products via rail once network congestion subsides, executives said during Greenbrier’s quarterly earnings call on Monday.
FedEx Freight’s gains won’t make investors forget about FedEx Ground’s issues, but they help.
Qatar Airways posted record profit and strong cargo business for the fiscal year 2021-22.
Logistics warehouse operators Prologis and Duke Realty have come to terms in a $26 billion deal.
Less-than-truckload carrier Yellow Corp. reported another drop in tonnage during May as its terminal rationalization continues.
Schneider announced the acquisition of deBoer Transportation, a regional dedicated fleet of 160 power units.
Old Dominion Freight Line reported a continuation in positive revenue, pricing and tonnage trends during May.
CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.
A couple of less-than-truckload carriers reported positive demand trends for the first two months of the second quarter.
BMO, a major lender to the trucking sector, reported that write-offs and allowances declined in the second quarter, with weakness not evident in the data.
The high-flying darlings of 2021, less-than-truckload stocks are finding their way back to earth quickly this year.
Freight demand trends in a softening market continue to be bifurcated with large fleets remaining unscathed so far.
Baird analyst Garrett Holland says HG Vora’s offer to acquire Ryder System doesn’t fairly value a projected increase in earnings.
Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.
Target Corp. reported Q1 2022 earnings before the bell Wednesday, turning in weaker-than-expected numbers.
The company blames a faster-than-expected rise in costs during the second half of the quarter.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
Yellow Corp. executives told analysts that the company’s plan to close and consolidate terminals won’t reduce capacity in its network.
Multimodal transportation provider Radiant Logistics reported record results again during its fiscal quarter ended March 31. Demand still remains healthy throughout its network.
The company beat analysts’ expectations in its first-quarter financial results and named a new head of its brokerage services operation.
FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.
Air Transport Services Group seems to have immunized itself from air cargo volatility by leasing aircraft to e-commerce shippers and U.S. government personnel.
Universal Logistics saw improvement across all of its asset-light segments during the first quarter. Its updated guidance may prove conservative.
With first-quarter earnings pretty much all in the book, Todd Fowler of KeyBank discusses how trucking performed in a strong quarter.
Atlas Air’s cargo business is on a steep growth path this year and ongoing fleet investments indicate management’s confidence in the future.
The pain at the pump keeps getting worse. Bad news for consumers. Good news for owners of refined product tankers.
Truckload carrier U.S. Xpress turned in a quarter that was roughly breakeven, but some of the numbers from its Variant initiative deteriorated significantly.
Fleetcor’s reported first-quarter earnings Thursday include a steady retention rate of 93%.
Rate hikes and a slowdown in online deliveries hit U.S. Postal Service demand in the second quarter.
Electric truck maker Nikola posted its first gross profit in Q1 and racked up orders backed by California incentives.
Supply chain technology provider Trimble reported record revenue for the first quarter of 2022.
Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
Revenue seen growing by 11% to 15%, up from 8% to 12%; CEO sees growth across all verticals.
Aided by the acquisition of Transplace last year, Uber Freight posted positive EBITDA for the first quarter.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
Traton Group is glad it bought Navistar when it did. The U.S. truck and bus maker is helping offset war and other issues at the German holding company.
Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.
TuSimple, the autonomous truck developer is delaying its purpose-built driverless truck to 2025 while slowing its roll in other areas.
New container prices, new production, lease rates, lease durations and used container prices are all down.
Management from flatbed provider Daseke said April was “strong,” a continuation of the better-than-expected performance it recorded in the first quarter.
Freight forwarding, supply chain and express units see strong trade-related demand.
Transportation capacity grew for the first time since May 2020, according to a monthly supply chain survey.
Expeditors suffered a serious cyberattack in the first quarter, with a loss of volume, but still managed to make more money than the first quarter of 2021.
Cummins Inc. expects to keep raising prices to stay ahead of inflation in the materials it buys for engines and powertrains.
Freight brokerage firm C.H. Robinson had its debt rating affirmed by Moody’s, with the agency seeing “disciplined” finances at the 3PL.
LTL trucker Saia set several first-quarter records in its earnings report, and it will add 10 to 15 new terminals this year.
Higher revenues contributed to increased profits in the first quarter for BNSF.
TFI CEO Alain Bédard may want to set TForce Freight wages based on worker geographies instead of one uniform structure in upcoming talks with the Teamsters.
USA Truck posted its seventh consecutive quarter of record earnings Thursday and expects 2022 to be another record year, James Reed, president and CEO, said during a call with analysts Friday.
Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.
On an earnings call with analysts, Covenant Logistics execs talked about the strong quarterly performance but noted that costs beyond fuel continue to rise.
Customers are keen to lock in capacity for the year and mitigate risk, executives said during Hub Group’s first-quarter 2022 earnings call.
ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.
Net sales hit the high end of estimates; shares get whacked in after-hours trade.
Arkansas-based USA Truck produced the best first-quarter earnings per share in the company’s 29-year history and the seventh consecutive quarter of record earnings.
Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.
Canadian Pacific believes its acquisition of Kansas City Southern is still on pace to receive federal approval sometime early next year.
Forward Air beat first-quarter expectations and pulled forward 2023 financial targets by a full year.
E2open has completed its first full year as a public company with good numbers, although the stock price is lagging.
Robinson’s global forwarding network, years in the making, is having its moment in the sun.
truckload carrier Covenant Logistics had record-breaking net income for the first quarter, with improved operating ratios in its key trucking segments.
The operating plan, which builds upon the precision scheduled railroading-inspired initiative for NS’ manifest network, will be launched sometime late in the second quarter of this year.
Less-than-truckload carrier Old Dominion beat first-quarter expectations Wednesday. The company moved one step closer to doing “something that they said couldn’t be done.”
“There’s been a big shock in the supply chains, and we’re working very hard to get our rhythm back and our operation back and to serve our customers well,” says new CEO Tracy Robinson.
Ryder’s earnings rose sharply over the first quarter of 2021, with used truck sales a significant contributor to profitability.
UPS persevered through a drop in demand during the first quarter, beating analysts’ profit estimates.
Q1 sales and earnings at the parent of Kenworth, Peterbilt and DAF Trucks posted records despite persistent supply chain issues.
Flatbed truck operator Daseke is being told it should buy back its own stock in light of recent declines in its price.
Volvo reported record Q1 truck sales despite ongoing supply chain interruptions. The company took a $423 million charge for suspending Russia business.
United Airlines more than doubled its cargo revenue in the first quarter versus 2019. The passenger side is nearing full health too.
Precision scheduled railroading will help the western U.S. railroad recover service more efficiently, UP executives argue.
Truckload carrier Heartland Express beat first-quarter expectations Thursday.
Management from Landstar System is predicting “another great year” even as spot market fundamentals loosen.
