company earnings

Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.

Less-than-truckload carrier XPO said it would add capacity to meet the increased demand created by Yellow’s departure.

Less-than-truckload carrier XPO saw shipments and tonnage surge in July as a competitor shut down.

Texas-based flatbed carrier Daseke does not expect to see improvement in the freight market the rest of the year.

Werner Enterprises reported an earnings miss for the second quarter on Thursday after the market closed.

Supply chain technology provider Trimble posts impressive Q2 results and says truck spot rates may have “bottomed out.”

Multimodal provider Schneider National reeled in its 2023 earnings outlook by roughly 13% on Thursday.

Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.

Like other trucking OEMs, Daimler Truck rode higher prices to solid second-quarter results while incoming orders fell.

Truckload carrier Heartland Express reported worse-than-expected second-quarter results on Monday.

Universal Logistics reported revenue of $413 million and earnings per share of 90 cents during the second quarter.

ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.

Hub Group reported $1 billion in revenue and earnings per share $1.44 during the second quarter.

Navistar saw a big drop in orders, but deliveries of new International trucks helped parent Traton to strong second-quarter results.

Rush Enterprises posted strong Q2 sales and profits, relying on its parts and services business amid trucking headwinds.

Truck broker Landstar issued worse-than-expected third-quarter guidance Thursday and said most metrics are still underperforming normal seasonal trends.

Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.

Wabash reported record Q2 earnings because it was able to price its trailers and truck bodies higher than the cost of materials.

What’s behind Paccar’s stunning Q2 profits? Inflation is part of the answer. So is a burgeoning parts footprint.

Paccar continued a string of record quarterly performances in Q2, posting a 70% gain in profits and a 24% increase in sales.

Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.

Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.

Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.

Pam Transportation Services reported a sharp decline in earnings during the second quarter.

J.B. Hunt Transport Services missed second-quarter expectations Tuesday and said it is still uncertain how peak season will play out.

Logistics real estate giant Prologis beat second-quarter estimates Tuesday but lowered its rent growth forecast for 2023 as the market cools from peak activity.

Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.

Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.

Less-than-truckload carrier Yellow reported another large drop in volumes Friday after the market closed.

ArcBest holds on to tonnage growth in the April-May period but yields take a notable step lower.

Less-than-truckload provider Forward Air said Tuesday that demand momentum has improved as the second quarter has progressed.

Less-than-truckload carrier XPO reported another modest tonnage decline in May, which was in line with trends at Saia and much better than Old Dominion’s report.

Less-than-truckload carrier Old Dominion reported no seasonal inflection in volumes during May but continued to push yields higher.

Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter.

Supply chain visibility provider Descartes beat first-quarter estimates, and management said they are optimistic about recent trends.

Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.

First-quarter financials were iffy and cash was tight, but Workhorse electric stepvan manufacturing made progress.

Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.

Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.

Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.

Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.

Werner Enterprises reported first quarter revenue of $832.7 million, up 9% year over year compared to the same period last year.

Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.

Tech solutions firm Trimble reported $154.9 million in first-quarter transportation revenue amid a softening freight market.

U.S. truck engine maker Cummins on Tuesday reported first-quarter revenue of $8.5 billion, boosted by strong global demand for its products.

Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.

Truckload carrier Heartland Express missed first-quarter expectations.

Saia’s revenue trends in April are much better than its less-than-truckload peers.

Universal Logistics Holdings saw revenue declines in its trucking, brokerage and intermodal segments in the first quarter.

ArcBest on Friday stood by its strategy to take on lower-margin business.

Hub Group had year-over-year revenue declines in its intermodal and logistics segments during the first quarter.

Schneider National beat first-quarter expectations Thursday but lowered its full-year outlook as excess capacity lingers.

Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.

Like Volvo Group and Paccar Inc., which have already reported, Daimler Truck forecasts a stronger-than-expected first-quarter earnings report.

Link Logistics maintained high occupancy and rent growth in the first quarter.

Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.

Paccar Inc. crushed Q1 revenue and profit estimates, a quarter dampened by a $446 million hit related to European price-fixing settlements.

Pam Transportation saw first-quarter earnings fall as the truckload market searches for a bottom.

Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.

Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.

Volvo Group reported record sales and deliveries in the first quarter, projecting a positive note as the first truck manufacturer to release financials.

Logistics real estate operator Prologis believes headwinds facing the supply side will prop up occupancy and rents into 2024.

Warehouse operator Prologis reported first-quarter results in line with expectations Tuesday.

J.B. Hunt missed first-quarter expectations Monday as weak intermodal and trucking trends plagued the quarter.

J.B. Hunt Transport Services missed analyst expectations for the first quarter on Monday.

Volvo posted unexpectedly strong preliminary sales and earnings in Q1, reversing a dour projection made just months ago. (Photo: Volvo Group)

Radiant Logistics said Monday it has completed a financial restatement process that resulted in very minor changes.

In a first-quarter earnings preview, Deutsche Bank analyst Amit Mehrotra said he expects an in-line type quarter but voiced some concerns.

Daimler Truck completed its first year as a stand-alone company with financial results meeting its targets.

After culling underperforming freight for the better part of two years, less-than-truckload carrier Yellow sees volumes inflect positively.

Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.

Germany’s Traton Group topped $42 billion in revenue for 2022 with Navistar contributing significantly to the top and bottom lines.

The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.

ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.

Less-than-truckload carrier Old Dominion sees volumes drop again in February but notes the worst of it may be behind them.

Supply chain software provider Descartes sees retailers refilling shelves as 2023 progresses.

Workhorse Group is still cleaning up the mistakes of its recent past but is expressing optimism on 2023 production plans.

Hyliion Holdings is teaming up with financially struggling Hyzon Motors to develop a hydrogen-powered fuel cell version of its hybrid truck.

Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.

Carrier Pam Transportation saw margin pressure in the fourth quarter as peak season didn’t materialize.

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.

XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.

FleetCor Technologies beat Wall Street quarterly revenue and earnings estimates and offers a positive outlook for 2023.

XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.

Supply chain technology provider Trimble Inc.’s transportation revenue was $150 million in the fourth quarter and $604.2 million in 2022.

Management from Werner Enterprises parses through 2023 expectations on a Tuesday evening call with analysts.

Glenn Ellis was named the first American-born president and chairman of the Japan-based U.S. unit of Hino Trucks.

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.

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.

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.

Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.

Logistics warehouse operator Link Logistics reports high occupancy and rents during the fourth quarter.

Knight-Swift Transportation’s 2023 outlook comes in as expected, potentially establishing a higher earnings trough for the carrier.

Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns.