company earnings

Evergreen Marine Corp., the world’s seventh-largest box carrier, saw revenue and profits climb in 2024.

Yang Ming Transport Corp. said the Red Sea crisis and emerging Asian markets helped profit soar by nearly $2 billion in 2024.

Container terminal operator DP World reported record revenue in 2024 but weaker overall profit.

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.

Supply chain software provider Descartes is benefiting from a quick-changing tariff environment.

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.

Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.

Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.

J.B. Hunt Transport Services said it will focus on what it can control as the industry awaits a meaningful recovery.

Supply chain technology provider Trimble recorded a 6% year-over-year increase in transportation revenue during the fourth quarter to $206.8 million.

Cargojet is focusing more on charter business as e-commerce retailers and other companies seek dedicated airlift, which helped boost revenue more than 30% in the fourth quarter.

GXO Logistics Inc. saw solid growth in 2025 and could expand in North America through an acquisition.

GXO Logistics’ fourth-quarter revenue surged 25% year over year to $3.25 billion.

Truckload carrier Pamt Corp. recorded another loss during the fourth quarter.

Radiant Logistics’ fiscal second-quarter earnings beat was largely tied to one-time project freight.

Universal Logistics lowered its 2025 guidance due to headwinds in the intermodal market and expenses from a recent acquisition.

Amazon beat expectations for revenue and earnings for the fourth quarter, but it predicts slower growth in the next quarter.

Werner Enterprises highlights some favorable trends for the new year after a messy fourth quarter.

Universal Logistics Holdings reported a 19% increase in operating revenue to $465.1 million in the fourth quarter.

Werner Enterprises reported a big earnings miss in the 2024 fourth quarter due to outsize insurance claims.

Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.

Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.

Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.

Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.

Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

Iowa-based truckload carrier Heartland Express reported a sixth consecutive quarterly net loss (excluding one-time gains) in its Q4 earnings report.

Schneider National points to some green shoots on its fourth-quarter earnings call.

UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability.

Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.

Tesla plans to begin mass production of its all-electric Class 8 Semi truck by the end of the year at its factory in Nevada.

Landstar System sees the truckload market as still in a transition period.

Landstar System missed fourth-quarter consensus on Wednesday and issued first-quarter guidance well shy of expectations.

Truckload carrier Heartland Express is hoping 2025 is the start of a turnaround.

Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.

Covenant Logistics Group officials are optimistic about the trucking market, expecting more freight by mid-2025.

Covenant Logistics Group reported 3% quarterly growth in freight revenue, “despite a challenging general freight environment,” Chairman and CEO David R. Parker said.

The Federal Motor Carrier Safety Administration’s Truck Leasing Task Force delivered a scathing report on lease-purchase programs managed by motor carriers in the trucking industry.

Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.

Logistics warehouse operator Prologis sees a positive inflection point nearing.

J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.

J.B. Hunt Transport Services reported fourth-quarter results Thursday after the market closed.

Q4 earnings season has the potential to reveal actual progress and results for freight transportation companies, according to recent Morgan Stanley research.

Like numerous SPAC-backed transportation startups, Hyzon Motors has run out of money and plans to shut down.

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.

Descartes reported record quarterly results Tuesday after the market closed.

Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.

Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.

J.B. Hunt Transport Services is hopeful that Western rail service will improve, allowing it to layer higher contract pricing across record intermodal volumes.

Radiant Logistics beat expectations for the recent quarter and expects an uptick in gross profit during the last quarter of the year as it supports hurricane relief efforts.

Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.

Schneider National missed third-quarter expectations Wednesday, but shares of the truckload carrier were up 4% in early trading.

Trimble Inc. said its transportation segment performed well during the most recent quarter, with revenue increasing 1.4% to $195 million.

Lineage Inc. announced quarterly results Wednesday for the first time since becoming a public company.

GXO Logistics Inc. sees an upward trend in the global freight market in 2025, boosted by e-commerce.

Forward Air lowered full-year earnings guidance on Monday and said it wouldn’t address press reports that it is up for sale following a messy merger.

GXO achieved 28% revenue growth in the third quarter to a quarterly record of $3.16 billion, boosted by new e-commerce customers.

ArcBest sees weak trends in both its asset-based and asset-light segments during the third quarter.

E-commerce giant Amazon.com Inc.’s North American sales increased 9% year over year to $95.5 billion in the third quarter.

Hub Group reported year-over-year revenue decreases in its intermodal and logistics segments during the third quarter.

Less-than-truckload carrier XPO beat third-quarter expectations and outlined a plan for outsize yield and margin growth.

XPO beats third-quarter expectations, reporting 200 basis points of margin improvement in its less-than-truckload unit.

Truckload carrier Heartland Express reported another loss in the third quarter and said cost cutting alone won’t return it to profitability.

Truck broker Landstar System said Tuesday it expects no material lift in the freight market for the remainder of 2024.

Freight broker Landstar System missed third-quarter expectations Tuesday after the market closed and issued fourth-quarter guidance that was also light of consensus.

Universal Logistics Holdings officials said they expect operating revenues of $1.8 billion to $1.9 billion in 2025.

Pam Transportation said even though its third quarter was bookended by soft demand, it saw sequential improvement in operating trends.

Less-than-truckload carrier Saia’s less favorable freight mix and higher cost structure from a terminal expansion weighed on its third quarter.

Universal Logistics Holdings’ third-quarter financial results show year-over-year decreases in its trucking, brokerage and intermodal segments.

Covenant Logistics Group reports truckload revenue of $198 million in the third-quarter, despite a soft freight market.

ATA economist Bob Costello cites macroeconomic “return to normalcy” as a promising sign for trucking amid stagflation and private fleet growth.

Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.

Tesla plans to ramp up full production of its all-electric Class 8 Semi truck in 2026.

Covenant Logistics Group reported 2% quarterly growth in freight revenue, “despite the prolonged general freight market down cycle,” Chairman and CEO David R. Parker said.

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.

Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.

Logistics real estate investment trust Prologis said it doesn’t expect the market to positively inflect until mid-2025.

Logistics warehouse operator Prologis beat third-quarter expectations even as some key metrics dipped amid a market “bottoming process.”

J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.

J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.

Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.

Radiant Logistics said some customers have moved freight deliveries up to avoid a potential dockworker strike or a possible change to U.S. trade policy.

Supply chain SaaS company Descartes reported record quarterly results for the period ended July 31.

Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.

Less-than-truckload carrier Saia is still recording volume growth even though a year has passed since Yellow Corp. closed and the comparisons have gotten tougher.

A soft macroeconomic environment has resulted in lighter shipments for ArcBest and a delay in the company’s freight swap.

As electrification and infrastructure startups mature, banks get interested in lending money to help the best of them grow.

Fleet fuel card provider Corpay said its North American fleet business “presented a drag on growth” during the second quarter.

Forward Air said Wednesday it will continue to focus on integration and revenue opportunities following a messy merger with Omni Logistics.

GXO Logistics’ second-quarter revenue surged 19% year over year to $2.8 billion.

Transportation provider Hub Group sees Q2 revenue fall 5% year over year to $986 million.

ArcBest misses second-quarter expectations as losses at its asset-light business continue.

ArcBest reported second-quarter results on Friday, which came in light of analysts’ expectations.