earnings

Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.

Hapag-Lloyd says it outlook for the second half of 2019 is unchanged even if it has to deal with more trade restrictions.

The beat comes after the company fell short of earnings expectations last quarter, coming in over 23 percent short of estimates.

At 10:30 a.m., its price was down almost 16 percent.

The company reported diluted earnings per share (EPS) of $0.53, $0.01 short of estimates and $0.02 higher than the second quarter of 2018.

Jens Bjørn Andersen, chief executive officer, said the company was “very pleased with the strong results for the second quarter of 2019. Global transport markets are soft – especially within air freight, but DSV has managed to outgrow the market while still delivering market leading profitability.”

Freight revenue drops by 12.1 percent, led by a more than 20 percent plunge from airline’s Pacific routes.

The Procter & Gamble Company (NYSE: PG) reported its strongest quarter of organic sales growth in over a decade.

CEO Alain Bedard lauds “magic” of its American trucking business ability to shore up efficiency in challenging freight environment.

Canadian transportation firm reports a 13 percent increase in net income, helped in part by improved performance from its U.S. truckload businesses.

On this LIVE backhaul edition of What the Truck?!?, market expert Kevin Hill hosts with Dooner as they break down earnings, e-commerce and all the latest headlines, including news about […]

Canadian transportation and oil services firm ready to make additional acquisitions to boost growth after strong second quarter results.

Despite falling short, the electric automaker reaffirmed its full-year delivery guidance, saying it still expects to deliver 360,000 to 400,000 vehicles in 2019.

Boeing (NYSE: BA) posted a core loss per share of $5.82 for the second quarter of 2019.

The railcar leasing company posted diluted earnings per share (EPS) of $1.86, up from $1.01 in the second quarter of 2018

A five percent drop in licenses contributed to a modest disappointment, but management is excited about Qualtrics.

This is the fourth consecutive quarter IBM has reported falling revenues.

Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.

This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter […]

On this special Memorial Day weekend edition of What The Truck?!? we have all the latest news in FreightTech, supply chain, and trucking – including a focus on Craig Fuller’s state of the industry report, Earnings Over/Under, On The Radar, Fast Paced Forecast, and some hot tips on how to spend your holiday weekend. All this and more on WTT?!? Subscribe now on Apple Podcasts, Spotify, Stitcher, or your favorite podcast player choice and never EVER miss an episode. No paywalls, no borders.

What The Truck?!? is sending you into the weekend with all of the latest headlines and top stories from FreightWaves.com, as well as Earning Over / Under, On The Radar presented by SONAR, Fast Paced Forecast, and so much more. Let’s bang a little cowbell for the weekend and celebrate the launch of WTT?!?’s expansion to two episodes a week!

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Cervus Equipment (TSX: CRV) expects truck sales to rebound its Canadian Peterbilt dealerships as an order backlog improves during 2019. “The order backlog is a North American backlog,” CEO Graham […]

TravelCenters of America announced higher fuel volumes and revenue, but one-time charges led to a quarterly loss.

Schneider National, Inc. held  a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.

Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.

Werner Enterprises, Inc. (NASDAQ: WERN), reported non-GAAP adjusted earnings per share (EPS) of $0.52, besting  the consensus estimate of $0.49 per share.

Covenant Transportation Group (NASDAQ: CVTI) posted adjusted earnings per share (EPS) of $0.27 for the first quarter of 2019, beating analyst estimates and edging past the expectations the company itself announced earlier this quarter.

Knight-Swift Transportation reported adjusted earnings per share that were ahead of analysts’ expectations. FreightWaves was able to speak with David A. Jackson, Knight-Swift Transportation’s President and Chief Executive Officer.

Roper Technologies, Inc. (NYSE:ROP) reported diluted earnings per share (EPS) of $3.30 in the first quarter of 2019, up from $2.61 in the same quarter last year.

The company issued soft second quarter guidance, expecting organic net sales to range anywhere from flat to down 2.5 percent from the second quarter of 2018. The company also expects adjusted EPS to fall next quarter.

Landstar System, Inc. reported first quarter earnings per share (EPS) of $1.58, compared to the consensus estimate of $1.51 and $0.21 higher than the 2018 first quarter.

Tesla (NASDAQ: TSLA) badly missed analysts’ earnings estimates for the first quarter of 2019. The company reported an adjusted loss per share of $2.90, much worse than analysts’ estimated loss per share of $0.69.

Despite higher operating income, Trinity Industries’ (NYSE: TRN) first quarter 2019 net profit fell 24 percent to $30.6 million from $40.2 million in the first quarter of 2018. TRN consists of three business segments: a rail group that includes the manufacturing of rail parts and tanks; a leasing group; and a highway products and logistics service.

CEO Alain Bédard says acquisition will invigorate Canadian firm’s U.S. last-mile business.

Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) reported first quarter 2019 adjusted earnings of $0.55 per share compared to analysts’ expectations of $0.52 per share.

GATX’s (NYSE: GATX) first quarter profit fell 46 percent to $41.5 million, or $1.12 per diluted share, from $76.3 million, or $1.98 per diluted share, in the first quarter of 2018. Chicago-based GATX is a railcar lessor, providing railcars and boxcars to freight railroads and shippers.

The company posted an operating ratio (OR) of 66 percent, improving on its fourth quarter 2018 OR of 67.8 percent and setting a first quarter record.

Canadian transportation company reports strong performance across businesses following record 2018.

“This past winter was one of the most challenging in my railroading career,” Canadian Pacific (NYSE: CP) president and chief executive officer Keith Creel said. “I applaud our employees for their resiliency in overcoming loss and pushing through extraordinary conditions and challenges throughout February and March. Our commitment to precision scheduled railroading [PSR] enabled a strong recovery, and gives us a solid foundation moving forward.”

The company issued a soft outlook, predicting fiscal year 2019 all-in sales growth from in-line to up 1 percent versus 2018, including a negative impact of 3 to 4 percentage points from the combination of negative foreign exchange and a modest positive impact from acquisitions and divestitures.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported first quarter earnings per share (EPS) of $1.22 compared with $1.11 in the first quarter of 2018, and an adjusted EPS of $1.20 compared to $1.17 last year, defying analyst expectations.

Heartland Express, Inc. (NASDAQ: HTLD) announced a first quarter 2019 profit of $0.21 per share, which was $0.02 ahead of analysts’ estimates.

Panalpina reported $0.82 (Swiss Francs, or CHF) per share in earnings for the first quarter of 2019 compared to $0.72 CHF for the same period last year.

J.B. Hunt’s (NASDAQ: JBHT) earnings report have some questioning if the truckload (TL) carriers are likely to miss earnings now and how will the stocks perform moving forward.

With first quarter 2019 earnings set to kickoff on Monday, April 15, FreightWaves is looking at expectations for the transportation stocks.

FedEx execs counseled patience, but will Wall Street listen?

Revenues are falling at Roadrunner Transportation Systems, but management remains confident the company is heading in the right direction.

Canada’s No. 2 auto parts maker sees growth surge in industrial manufacturing business.

Fourth-quarter revenue at the cross-border transportation and logistics company increased by 20 percent.

Canadian TFI saw revenues and income surge in its truckload segment, while margins improved.

The Canadian auto and truck parts maker reported record sales, but the Trump administration’s tariffs will continue to hit its bottom line.

Walmart’s latest earnings report beat analysts expectations today, with  e-commerce sales growing by 43 percent during the company’s fourth quarter.

WABCO Holdings Inc. (NYSE: WBC) beat Wall Street’s consensus fourth quarter expectations of non-GAAP earnings per share (EPS) of $1.98 by over 7 percent and GAAP EPS of $1.97 by over 11 percent according to Seeking Alpha.

Canopy Growth says retail availability of its recreational cannabis productions have increased as it reported record revenues on the newly legal Canadian market.

Dana Inc. (NYSE: DAN) beat Wall Street’s consensus revenue expectations of $1.91 billion for the fourth quarter of 2018.

BorgWarner Inc. (NYSE: BWA) beat Wall Street’s consensus revenue expectations of $2.55 billion for the fourth quarter of 2018, even though the company’s sales decreased 0.5 percent year-over-year (Y/Y), from $2.586 billion to $2.572 billion.

Aurora Cannabis revenues have jumped since the legalization of recreational marijuana in Canada. The company is ramping up production to meet the needs of Canadian consumers who contend with frequent shortages.

Radiant Logistics (NYSE: RLGT) achieved record revenue of $260.9 million in the company’s fiscal second quarter (the fourth quarter of 2018).

Goodyear Tire and Rubber (NASDAQ: GT) missed consensus revenue expectations of $4.05 billion.

Shares of Cummins Inc. (NYSE: CMI) decreased by $0.47 on February 6 after the company missed the consensus expectations of fourth quarter earnings per share (EPS) of $3.81 by 8.6 percent, according to Seeking Alpha. Non-GAAP EPS was only $3.48.

In its 2018 annual report, released today (February 7), DSV (NASDAQ OMX: DSV) announced  that revenues grew 5.5 percent, from 74.901 billion Danish Krones (DKK), or $11.39 billion, in 2017 to DKK 79.053 billion ($12.022 billion) in 2018.

Old Dominion’s operating ratio (OR) improved 520 basis points in the fourth quarter, moving from 83.9 percent to 78.7 percent year-over-year. This is the third quarter in a row the company has posted an OR under 80 percent.

Werner Enterprises (NASDAQ: WERN) reported strong earnings in the fourth quarter of 2018, posting a diluted earnings per share (EPS) of $0.77. This topped analyst expectations, with the average estimate of 10 analysts surveyed by Zacks Investment Research coming in at $0.68.

Schneider National (NYSE: SNDR) reported strong earnings again in the fourth quarter, beating analysts’ earnings per share (EPS) estimates of $0.46. The transportation giant posted adjusted diluted EPS of $0.49, up from 2017’s fourth quarter result of $0.33.

Covenant Transport (NASDAQ: CVTI) reported record revenue in the fourth quarter, beating analyst projections by $10.72 million. The company announced $272.3 million in total revenue, a 33.9% increase compared to the fourth quarter of 2017.

Ryder System (NYSE: R) reported record total revenue and record operating revenue for the third quarter. Both total and operating revenue grew across all business segments, which the company attributed to new business and higher volumes.

OD’s top line revenue grew 21.2% year over year to $1.06B and earnings per share swelled 71% to $2.12. Even more impressively, Old Dominion achieved a 78.4% operating ratio, a company (and possibly industry) record and 280 bps improvement over Q3 2017.

Knight-Swift Transportation reported strong earnings on Wednesday, and it was immediately met with praise from Morgan Stanley analyst Ravi Shanker, who wrote in a note that the company’s stock is a “relative buy, at worst, in our view.”

UPS Inc. will expand its “My Choice” customized delivery program to the business-to-business segment during the first quarter of next year.

CEO David Parker expects very strong demand in Q4 and Covenant to shift further to dedicated capacity in 2019 in an effort to “get deeper into the supply chain.”

The CEO of Heartland defends the company’s strategy that saw a lot less revenue but a lot more in profits.

A significant falloff in revenue went along with the rise in profitability as the operating ratio took a big leap forward.

A significant falloff in revenue went along with the rise in profitability as the operating ratio took a big leap forward.

Although some of its individual ORs were less than a year ago, the company said its 14-month record on OR is its best ever.

Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.

ArcBest Corporation (NASDAQ: ARCB) recently finalized a new 5-year contract with the International Brotherhood of Teamsters. The new contract brought “major gains” for members, including vacation restoration, wage increases and health benefit preservation.

Covenant Transportation Group (NASDAQ: CVTI) reported a total revenue jump of 19.5 percent to $196.3 million in the second quarter of 2018 during its earnings call Thursday. The company also posted a 17.2 percent increase in freight revenue to $170.6 million year-over-year.

Werner Enterprises had a strong second quarter, trouncing analyst consensus on its expected performance. Here are some of the highlights from its earnings release.

In spite of fuel surcharge adjustments, Marten today reported a 49.9% improvement in net income to $13.7 million, or 25 cents per diluted share, for Q2 that ended June 30, 2018, from $9.1 million, or 17 cents per diluted share, for Q2 of 2017.

A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.

Shrugging off any potential disruption due to trade war, FedEx Corp. executives were upbeat about the outlook for 2019 for both the general economy and FedEx’s operating units during its fiscal 2018 fourth-quarter and year-end earnings call on Tuesday.

Large food shippers are citing rapidly inflating freight costs as headwinds to their earnings, including Smuckers, Kraft Heinz, Tyson, Hershey, and General Mills. We round up the impacts to their businesses here, based on earnings call transcripts.

It will literally take an act of Congress to right the sinking USPS ship. Even heavy attrition and solid growth in packages and shipping can’t stop the losses.

The company turned a first quarter 2017 loss into a profit this year.

On Tuesday, German logistics and postal provider DHL posted disappointing earnings for the 1st quarter of 2018, with headwinds from currency and the sale of one of its supply chain subsidiaries leading to a decline in revenue to 14.75 billion euros

The cost of acquiring transportation stayed below new revenues in serving customers.

PT expenditures rose about 40% for the quarter.

USA Truck posts a strong first quarter earnings continuing its torrid turnaround pace.

Echol Global Logistics a 3PL based in Chicago busts through earnings estimates in the first quarter. A combination of market conditions and productivity improvements paved the way.

The year 2018 is shaping up as one  not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.

The company is moving fast in an effort to stay on top of trends, to see industry changes as opportunities, and to continue to act offensively.

Knight-Swift’s revenues stabilized despite fewer trucks and shorter length of haul, and the two brands managed to increase their efficiency and improve operating ratios.

Covenant Transportation Group saw revenue and earnings increase and predicted that the second quarter presents an even bigger opportunity for the carrier.

Almost all of the conditions reported by the company were positive. 

The first major transportation provider out of the box with first-quarter earnings has posted a better-than-expected result in revenues with J.B. Hunt Transport Services topped revenue estimates for the quarter.

J.B. Hunt’s quarterly earnings call reports strong revenues and earnings, but gets a huge hand from tax reform

Echo Global Logistics, Inc. (NASDAQ:ECHO) on Friday announced a rise in revenue for the second quarter, but the resulting $245,000 loss for the quarter and a tough environment for supply chain logistics companies led to a sell-off of its stock on Friday.

Since 2010 EPA emissions regulations went into effect, it has been said that in some areas of the country, the emissions released by heavy-duty trucks are actually cleaner than the air they are emitted into. But a new study by researchers at UC-Riverside calls that into question.