Finance

Supply chain software provider E2open held an analyst-free earnings call, likely to be its last.

Tech platform ServiceUp has raised $55 million in Series B funding to streamline the vehicle repair process for fleet operators and insurers.

LTL carrier XPO had its debt rating cut by S&P..

Moody’s has taken two recent actions at logistics companies, and both were optimistic.

A federal bankruptcy court has approved the sale of additional Saia terminals.

FedEx has named more executives to lead the divestment of the Freight subsidiary and run it as an independent company.

FedEx said its newly streamlined air cargo network helped it adjust to tariff-induced demand fluctuations and make a profit during its latest quarter.

Relay Payments has extended its reach into maintenance with three new partnerships.

May’s inflation data was set to be the first real test of how consumer prices would be impacted by historically high tariffs.

As tariff talk cools, intermodal carriers are becoming more upbeat.

Truck parts supplier FleetPride saw its debt rating cut by Moody’s.

Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.

May Ling compares logistics to other components of the Producer Price Index.

Adding to a flurry of recent criticisms aimed at the 2026 federal budget bill and other fiscal concerns, Elon Musk stated on social media platform X that President Trump’s tariffs “will cause a recession in the second half of this year.”

Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.

Supply chain SaaS provider Descartes said a 7% reduction in head count is prudent given uncertainty in the market.

Proficient Auto Logistics saw its stock plummet for a while on Wednesday, possibly due to an investor presentation.

Wells Fargo is selling its rail leasing equipment business to a joint venture of GATX Corp. and Brookfield Infrastructure.

BMO’s second-quarter earnings did not suggest a turnaround in credit conditions for trucking.

Financially-battered supply chain software company e2open is being acquired by an Australian company.

Providence Equity Partners has acquired a controlling stake in Global Critical Logistics.

The two leading ratings agencies have cut their ratings on trailer builder Wabash National.

BMX Transport filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Georgia on Tuesday.

Private equity firm Cambridge Capital announced it is combining its majority-owned broker Everest Transportation Systems with fellow 3PL Simple Logistics.

Zim Integrated Shipping Services Ltd. said better volumes and freight rates boosted profit in the first quarter.  

Kenan Advantage Group acquires the largest milk hauler on Canada’s Atlantic Coast.

DAT is positioning itself not just as a load board, but as the freight industry’s central exchange through its acquisition of factoring and fintech provider Outgo.

April data from Cass Information Systems showed some stabilization on the freight industry’s path to recovery.

Morgan Stanley kept its rating on Heartland Express intact despite the company’s recent poor performance.

Flock Freight is positioning itself not as a competitor to procurement platforms, but as a specialized supplier that can solve a problem they cannot.

Truckload carrier Pamt Corp. has announced the resignation of its CEO.

Freight broker Landstar System reported a messy first quarter, dragged down by insurance costs, fraud and stolen cargo.

Radiant Logistics reported better-than-expected results for its fiscal third quarter ended March 31.

The U.S. Postal Service continues to face challenges erasing its losses.

C.H. Robinson CFO Damon Lee sat down with FreightWaves to discuss the company’s turnaround.

The parent of Maersk, the second-largest ocean container carrier, revised its full-year box outlook, saying tariffs could cut global volumes by 1% from a year ago.

Hub Group posted an 8% year-over-year decrease in total revenue in the first quarter, to $915.2 million.

GXO Logistics said the company’s flexibility helped propel revenue to $3 billion in the first quarter.

Proficient Auto Logistics’ earnings were weak, but it came in a quarter of extreme volatility.

Cold storage real estate investment trust Americold said it has seen a significant slowdown in demand over the past 30 to 45 days.

With so many fingers pointed at so many targets, the Q1 GDP data must have been an absolute disaster, right? Well, no.

Forward Air’s first-quarter update provides investors with little insight into an ongoing strategic review of the company.

GXO Logistics’ first-quarter revenue increased 21% year over year to $3 billion.

Trimble posted an 11.8% year-over-year decline in first-quarter revenue at $840 million.

There was barely a mention of Uber Freight in the parent company’s first-quarter earnings call or statement.

RXO management tried to accentuate the positive even in a quarter that was unprofitable for the 3PL.

The first look at RXO’s earnings, which were in the red on an operating and net income basis.

A Detroit-based grocery-hauling company with over 300 trucks has filed for bankruptcy alongside several partner companies.

Expeditors’ earnings show how it benefited from tariff-related chaos in the first quarter.

Sun Country Airlines plans to scrap one of its Boeing 737-800 airliners to save money on parts.

Volumes by carload at Grupo Mexico’s transportation division fell 6.1% in the first quarter, including declines of 21% in automotive traffic and 20% in minerals traffic.

Amazon contract carrier Sun Country Airlines says finding parts is slightly slowing deployment of new Amazon freighter aircraft.

Pricing gains and volume growth spurred BNSF Railway to modestly higher first-quarter profits.

Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.

Forward Air is seeking shareholder approval to reincorporate in Delaware, where it may be easier to sell the company or seek other strategic alternatives.

DHL Group is trimming some airline partners to reduce excess capacity in its air network as part of an effort to maintain growth in a turbulent market.

Amazon officials said on Thursday tariffs are creating uncertainty for global online retailers.

Canadian National saw 8% earnings growth and had an improved operating ratio in the first quarter.

Schneider National is still targeting 2025 as a growth year but not likely as robust as hoped due to trade uncertainty.

Schneider National posted a rare earnings beat in what was a tough quarter for transportation companies.

Heartland Express booked another net loss during the first quarter.

CPKC CEO Keith Creel says the railroad, which reported higher revenue and profits for the first quarter, is “off to a strong start” for the year.

It’s been a year since a turnaround at C.H. Robinson was evident in its earnings, and the first quarter did not disappoint this year.

C.H. Robinson saw less first-quarter revenue than it did a year ago, but it made more money.

Here’s a sector-by-sector breakdown of how major players are reacting to the mounting pressure of tariffs and retaliatory trade measures.

Less-than-truckload carrier XPO reiterated its outlook for margin improvement in 2025 even if the economy doesn’t cooperate.

Equipment manufacturer Wabash saw its already-falling stock decline more after it released earnings on Wednesday.

Lineage Inc. had revenue of $1.29 billion and earnings per share of 86 cents in the first quarter.

Less-than-truckload carrier XPO is one of the few transportation companies to report better-than-expected results for the first quarter.

Werner CEO Derek Leathers held court with analysts on a quarter that was historic, but not in a good way.

Werner Enterprises posted a net loss for the first quarter.

UPS is downsizing its workforce as it pulls back from delivering packages for Amazon, its largest customer.

ArcBest said it’s still seeing a rational less-than-truckload pricing environment and expects a normal seasonal uptick in demand during the second quarter.

ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.

Broker Landstar System has delayed its first-quarter report as it further investigates what it says was fraud tied to an independent agent working under its freight forwarding operation.

Apollo Global Management has a grim warning for the trucking industry: a recession is coming and mass layoffs will come with it.

Saia’s shares are getting punished as the company’s ambitious growth efforts have been derailed by a trade war.

Universal Logistics Holdings’ first-quarter revenue decreased 22.3% year over year to $382.4 million.

Less-than-truckload carrier Saia’s first quarter was much worse than analysts feared.

Universal Logistics Holdings reported a 22% decrease in revenue and an 88% drop in earnings per share in the first quarter.

Despite numbers that continue to sink, TFI CEO Alain Bedard was mostly positive about the outlook for TForce.

Covenant Logistics Group said economic uncertainties may push back freight market improvements.

Falling fuel surcharge revenue offset record freight revenue for Class I railroad Union Pacific in the first quarter.

Brad Jacobs’ QXO has a non-investment-grade debt rating in its first review by the two biggest ratings agencies.

Pamt Corp. reported a sixth straight operating loss in its truckload business during the first quarter.

Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.

TFI’s earnings release late Wednesday didn’t have much good news for its U.S. LTL operations.

Covenant Logistics Group’s first-quarter revenue declined 3% year over year to $269.4 million.

Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.

Old Dominion Freight Line is only modestly altering near-term plans as it looks to take market share during the next less-than-truckload upswing.

Growth in its freight and transit business segments powered higher first-quarter revenue and earnings at rail technology company Wabtec.

Flat revenue and a “vicious winter” didn’t keep Norfolk Southern from posting improved first-quarter profits.

Investors liked the earnings report from Ryder, even though its gains over the 12 months were limited.

Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.

Tesla had revenue of $19.3 billion and earnings of 27 cents per share in the first quarter.

Freight forwarder AIT Worldwide Logistics announced it has acquired a Miami-based forwarder.

Forward Air on Monday updated its first-quarter expectations for a second time.

Congestion hurt volumes and revenue in CSX’s first quarter.

Even in the midst of a sharp drop in his company’s stock price and a freight market that is not supporting the bottom line at Triumph Financial, CEO Aaron Graft touted milestones reached and signaled a new aggressiveness in pricing the company’s products. In his quarterly letter to investors released in conjunction with the company’s […]

Investment firm Stonepeak has acquired energy-focused transportation and logistics company Dupre Logistics.