Uber Freight’s EBITDA was barely positive in the third quarter on a decline in revenue.
Truckload carriers prepare for the other side of the freight boom.
Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.
The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.
XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.
Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.
Daimler Truck now thinks it will earn more money in 2022 because parts shortages are improving and its backlog-to-build schedule is shrinking.
In the first earnings call since its AB5-driven deal with the Teamsters, Universal CEO Tim Phillips speaks positively about its impact.
TFI posts strong third-quarter results and boosts its dividend by 30%. But much of the focus is on the work in progress at T-Force Freight.
Traton Group relied on Navistar to boost nine-month sales by 11% while a litany of industry issues pressured income.
