earnings

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

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

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

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

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

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

Air Transport Services Group is like a Swiss Army knife. It flies cargo and passenger planes for other airlines, leases aircraft, does aircraft maintenance and freighter conversions, and provides ground handling. It’s all clicking for the bottom line.

Atlas Air is keeping eight jumbo jets by buying them from leasing companies. It doesn’t want to turn them in because it would have fewer assets available to meet customer demand.

Fleetcor is “finally moving past [its] pre-pandemic baseline,” Chairman and CEO Ron Clarke said during the earnings call.

The online payment platform boosted its outlook for total payment volume, but guidance was largely unchanged.

On this episode of The Stockout,Mike Baudendistellooks at how Ben & Jerry’s is making its stance on the Middle East known.

Cargo was the good news for Air Canada in the second quarter as the company still struggles out of a pandemic hole.

Ghost freighters — passenger planes flying without passengers — were a big part of United Airline’s pivot to cargo during the pandemic. Now they are going away.

United Airlines’ cargo division is one of the company’s biggest assets right now, with big returns again in the second quarter.

Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.

Delta Air Lines is seeing strong domestic travel demand, but cargo also helped the company move beyond breakeven in the second quarter.

FedEx Freight is pointing the finger at less-than-truckload competitors for denying service to customers, which it says flooded its network and forced it to cancel certain accounts.

Have companies seen the best of the best when it comes to earnings potential? Andrew Cox breaks it down on this episode of Great Quarter, Guys.

First-quarter revenue results were aligned with FLEETCOR’s expectations, but at $609 million, they fell 8% short of first-quarter 2020 results.

Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.

As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.

Universal Logistics Holdings reported $415.2 million in operating revenue during the first quarter.

United performed worse in the first quarter than some analysts expected, but the consumer mood has shifted as the economy reopens and United says it can get to breakeven this year on a pretax basis.

Hong Kong has finally made it easier for certain airlines to operate by easing some COVID restrictions for pilots. Cargo operators will benefit the most.

One more quarter taking its pandemic lumps and then Delta says it will steer out of the COVID vortex and start making more money than it loses.

The company can deliver over 90% of its orders same or next day, and has access to 99% of the population.

The Container Store’s (NYSE: TCS) most recent earnings call details the reality of shifting to a greater mix of e-commerce sales at a time when transportation capacity is extremely tight.

All Nippon Airways is consolidating freighter operations at one of its Tokyo airports, and only relying on passenger planes to deliver cargo to Okinawa to save money after losing a lot of money in the first three quarters of its fiscal year.

Business payments company FLEETCOR Technologies Inc. reported EPS 19 cents above estimates for the fourth quarter.

Alaska Airlines’ parent company is one of the better managed airlines in the industry. Its financial results during a pandemic year show why.

United Airlines is outperforming the competition on cargo and officials say they have a good strategy for returning to profitability.

The jump in passenger traffic for U.S. airlines during the Thanksgiving and Christmas holidays was a mirage, not a sustainable source of revenue for overcoming the coronavirus crisis. On Thursday, […]

Delta’s downsizing helped it contain costs during an extremely challenging pandemic year. On Thursday, it reported a fourth-quarter loss before taxes of $2.1 billion.

Bed, Bath & Beyond reported EPS of less than half consensus estimates. CEO Mark Tritton pointed to tight shipping capacity and elevated freight costs for the miss. Get used to hearing this.

Air Canada revenues came in below expectations, but the company was able to cut costs to beat earnings expectations.

Atlas Air rode the rising tide for air cargo to higher profits in the third quarter.

Cargojet’s record airfreight volume helped adjusted earnings double in the third quarter.

American Airlines achieved a $77 million quarter-over-quarter gain in cargo revenue thanks to stepped-up cargo operations and favorable market rates.

Alaska Airlines is slowly improving its financial outlook month by month, but it still lost about $400 million in the third quarter.

Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242% decrease over earnings of $2.32 […]

Korean Air is a unicorn among passenger airlines. It made a profit in the second quarter, a remarkable feat given the depressed state of the airline industry.

Atlanta-based FleetCor is a commercial fuel-card and business-payments systems provider. The company employs around 8,700 people and provides commercial card services in more than 100 countries.

Sunnyvale, Calif.-based Trimble is a provider of technology solutions for trucking companies, private fleets, freight brokerage, and third-party logistics providers.

Air Transport Services Group

On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million.

WEX Inc., a provider of fuel cards and account management services, reported sales fell 21% year over year to $347.1 million.

UPS’ quarterly results are much better than analysts anticipated.

Saia Inc. has a market capitalization of $3.33 billion and has 169 trucking terminals in 44 states.

Southwest Airlines wrote its second-quarter results in red ink — $1.5 billion to be exact. It is not alone. All airlines are suffering financially from the coronavirus crisis.

United Airlines lost $1.6 billion in the second quarter. Given that a pandemic has hammered passenger travel, that’s relatively good. Company officials say maintaining capacity discipline for the foreseeable future is critical to get back to profitability.

United Airlines got pummeled by the coronavirus pandemic in the second quarter, losing $1.6 billion before special charges. But cargo revenue jumped because of the huge number of cargo flights it operated without passengers to worry about.

This week Andrew holds down the fort with Director of Passport Research JP Hampstead to discuss his team’s recent research note on Q2 broker performance. Then the two dive into […]

FedEx Corp. posted a $334 million net loss for Q4 on Tuesday, but shares spiked on strong non-GAAP results.

Korean Air is the latest airline to get government aid and raise capital to increase its cash position.

“In North America, our fuel volumes are off 20% to 25%, behind last year in April,” said Ron Clarke, FleetCor’s chairman and chief executive officer.

Revenue for the quarter came in at $431.68 million, 13% higher than the consensus estimate of $424.31 million.

The COVID-19 pandemic has created choppy conditions in the airfreight market, but air cargo companies like Atlas Air are mostly seeing upside for their business.

ir Transport Services Group is making money from its aircraft leasing and outsourced transportation businesses as express carriers and other customers seek more aircraft to support supply chains.

Alaska Air lost $232 million on a net basis in the first quarter, but everything is relative these days and the loss doesn’t look so bad given the state of the airline industry.

XPO Logistics Inc. (NYSE: XPO) on Monday reported first-quarter revenue of $3.86 billion, down from $4.12 billion in the first quarter of 2019, as the COVID-19 pandemic in mid-March derailed […]

Air Canada is trying to navigate the darkest period in aviation history through cost cuts, financing and new cargo operations.

United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.

American is slashing expenses, but not fast enough to stop big profit losses. Here are the details on its first quarter and what it expects going forward.

Boeing took a big loss in the first quarter and the rest of the year doesn’t bode better for a company plagued by ongoing technical problems with key products, and now facing little demand for aircraft.

UPS faces economic and other challenges in the wake of COVID-19.

Southwest Airlines is not used to losing money in any quarter or full year, but that will change in 2020.

Many expected a worse outcome for carriers in March as a result of the COVID-19 outbreak. Ironically, the pandemic may have padded some 1Q results.

Delta is the first of the domestic passenger airlines to release earnings since the coronavirus pandemic spread globally and the picture isn’t pretty.

PACCAR Inc. posted decent first quarter earnings despite shuttering its plants in late March because of the coronavirus pandemic. While truck orders cooled, parts sales set a record as the truck maker tries to build on 81 consecutive profitable years.

Profits grew in the fourth quarter and full-year 2019 at ATSG as its leasing and airline subsidiaries both performed well.

Atlas Air had a difficult year in 2019, but has made some tactical decisions to turn around its financial performance.

Heavy-duty transmission maker Allison reported lower sales and profits across its product line with its North America on-highway business the sole exception.

Record fourth quarter revenues were spoiled by $118 million in extra depreciation costs.

Company posts expected $8.6 million profit as intermodal helps offset declines from trucking and other divisions as new CEO looks to better performance in 2020.

Nippon Cargo Airlines’ parent company is taking a $144 million charge against earnings.

On Friday’s What The Truck?!? we talk coronavirus, ELDs, freight forecasting and more

Boeing’s earnings and revenue failed to meet expectations, and the manufacturer revealed billions more in MAX-related costs.

Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”

This week marked the first of what looks to be a tough earnings season. See who reported over the past seven days.

Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November […]

Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.

The airline plans to take 17 new cargo-friendly widebodies this year but doesn’t know when it will see any new 737 MAXs.

Canadian auto manufacturer says it will stop developing self-driving technology with the U.S. ride-sharing company as it announces lower sales outlook for 2020.

Operating revenue for cargo operations at Delta Air Lines fell 13% for the fourth quarter ($187 million) and the full year ($753 million) compared to the same periods in 2018, […]

Happy top of the weekend! Thanks for making us a part of the backhaul of your week, and boy do we have some news for you. First, we hit the […]

CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of CEVA Logistics.

BorgWarner Inc., which makes engine components and drivetrains for combustion, hybrid and electric vehicles, reported lower third-quarter earnings on slightly higher sales.

Trimble misses revenue estimates for third quarter of 2019.

Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from a labor dispute with its […]

Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions and higher costs from labor […]

Murray Mullen suggests freight market weakness could take carriers out of business, but says his company is ready to jump on acquisition opportunities to grow its less-than-truckload business.

The company warned of its upcoming poor performance in September but still missed analyst’s earnings estimates.

Updated 6:32 p.m. Aircraft maker Boeing [NYSE: BA] is reporting sharply lower earnings for its fiscal third quarter as the company deals with the grounding of its new 737 MAX […]

Paccar Inc. delivered 31,000 trucks in the third quarter, helping the parent company of Kenworth Truck Co. , Peterbilt Motor Co. and DAF beat earnings estimates.

Swedish truck maker AB Volvo reported higher third-quarter profits and sales on Friday, October 18. But it warned that orders for new trucks in North America and Europe continue to decline and a strike at its Mack Trucks unit could pinch profits depending on how long it lasts.

Story updated at 5:01 p.m. to reflect correction for passenger costs. United Airlines [NASDAQ: UAL] expects to drive down growth in operating expenses starting next year by replacing smaller aircraft […]

This story was updated at 7:40 p.m. EST, 10/16/19. Correction also made for percent drop in Delta’s cargo revenue. United Airlines [NASDAQ: UAL] reported cargo revenue dipped 4.7% to $282 […]

Updated: 3:41 p.m. Correction: Cargo revenue dropped 17%. Representing $37 million less, not 37% drop. Delta Air Lines’ cargo revenue dropped 17% to $189 million in the third quarter and […]

CMA CGM expects an even better second half to the year following its acquisition of CEVA Logistics.

Navistar International Corp. blew past revenue and earnings estimates for its third fiscal quarter. It is reducing production but expects to gain market share in a softening market.