Company Earnings

Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.

Cosco Shipping Holdings, China’s largest container carrier, saw heady improvement in revenue and profit in 2024.

FedEx has switched from downsizing to incrementally growing its air cargo fleet by ordering large 777 freighters and postponing plans to retire older MD-11 jets.

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

FedEx reported higher revenue and operating income in the third quarter than last year but says shipping business could slow this quarter because of weakness and uncertainty in manufacturing.

Red Sea diversions hit liner operator Hapag-Lloyd’s profits despite higher revenues in 2024.

Wan Hai Lines, one of the Big Three Taiwanese container carriers, saw record revenue and profit in 2024.

Evergreen Marine Corp., the world’s seventh-largest box carrier, saw revenue and profits climb in 2024.

Yang Ming Transport Corp. said the Red Sea crisis and emerging Asian markets helped profit soar by nearly $2 billion in 2024.

Container terminal operator DP World reported record revenue in 2024 but weaker overall profit.

Operational expansions and a strategic move to leverage earnings against the trans-Pacific spot market helped Zim to massive profits in 2024.

J.B. Hunt’s long-standing investment-grade debt rating from Moody’s has been affirmed.

Air France-KLM is substituting two A350 passenger jets for freighter aircraft on its Airbus orderbook because it can get the passenger planes sooner.

Global Crossing Airlines has a diverse customer base, including sports teams, rock bands like AC/DC and the parcel shipping giant DHL Express.

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.

Air Transport Services Group had lackluster results in 2024 but hopes that leasing Airbus A330 freighters for the first time this year will improve the bottom line.

Supply chain software provider Descartes is benefiting from a quick-changing tariff environment.

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

Moody’s has affirmed its debt rating for Penske Truck Leasing, a key supplier of trucking rentals.

Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.

The numbers in Canadian bank BMO’s quarterly earnings suggest credit problems in trucking may have hit bottom.

BNSF’s saw fourth quarter revenue decline primarily due to a 6.6% drop in average revenue per carload.

A debt issuance by shortline operator Patriot Rail provides a look into its finances.

Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.

The fourth-quarter earnings report of TFI International had bad news for investors.

J.B. Hunt Transport Services said it will focus on what it can control as the industry awaits a meaningful recovery.

Supply chain technology provider Trimble recorded a 6% year-over-year increase in transportation revenue during the fourth quarter to $206.8 million.

Cargojet is focusing more on charter business as e-commerce retailers and other companies seek dedicated airlift, which helped boost revenue more than 30% in the fourth quarter.

Expeditors International had a strong quarter, beating analyst estimates on profitability and revenue.

PS Logistics hangs on to its debt rating at Moody’s, giving a look at the finances of the privately held flatbed operator.

The change at the top of Manhattan Associates looked like an ouster, but former CEO Eddie Capell met with analysts to say it wasn’t.

Locomotive builder Wabtec’s shares declined despite fourth-quarter revenue and profit increases.

GXO Logistics Inc. saw solid growth in 2025 and could expand in North America through an acquisition.

Ryder System’s outlook doesn’t see a lot of gains from a stronger freight market, so it is looking to more structural changes.

GXO Logistics’ fourth-quarter revenue surged 25% year over year to $3.25 billion.

Ryder System’s fourth-quarter used vehicle sales were flat from the third quarter but down from a year ago.

With the Jack Cooper closing set to roil the market for auto haulers, Proficient met analysts on a momentous day.

Truckload carrier Pamt Corp. recorded another loss during the fourth quarter.

Radiant Logistics’ fiscal second-quarter earnings beat was largely tied to one-time project freight.

Universal Logistics lowered its 2025 guidance due to headwinds in the intermodal market and expenses from a recent acquisition.

Amazon beat expectations for revenue and earnings for the fourth quarter, but it predicts slower growth in the next quarter.

Werner Enterprises highlights some favorable trends for the new year after a messy fourth quarter.

Universal Logistics Holdings reported a 19% increase in operating revenue to $465.1 million in the fourth quarter.

Werner Enterprises reported a big earnings miss in the 2024 fourth quarter due to outsize insurance claims.

Sun Country Airlines expects robust growth in cargo revenue as it begins to receive eight more 737 freighter aircraft for its Amazon flying business.

Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.

Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.

RXO’s stock price was pummeled Wednesday after the release of its earnings 

Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.

Uber Freight recorded its ninth consecutive quarter of negative EBITDA.

Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.

RXO predicts in its fourth-quarter earnings report that it will have greater synergies from its Coyote acquisition.

A Georgia-based carrier has filed for bankruptcy protection, citing a weak freight market.

Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.

Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

Schneider National points to some green shoots on its fourth-quarter earnings call.

UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability.

C.H. Robinson posted strong year-on-year gains, but some of the sequential numbers were softer.

Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.

Tesla plans to begin mass production of its all-electric Class 8 Semi truck by the end of the year at its factory in Nevada.

Landstar System sees the truckload market as still in a transition period.

C.H. Robinson’s fourth-quarter earnings show some continued improvement sequentially, which has been a key metric for investors.

Landstar System missed fourth-quarter consensus on Wednesday and issued first-quarter guidance well shy of expectations.

Truckload carrier Heartland Express is hoping 2025 is the start of a turnaround.

Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.

Covenant Logistics Group officials are optimistic about the trucking market, expecting more freight by mid-2025.

Trucking-focused bank Triumph Financial had a solid EBITDA performance at its Payments unit, but a lower bottom line.

Covenant Logistics Group reported 3% quarterly growth in freight revenue, “despite a challenging general freight environment,” Chairman and CEO David R. Parker said.

Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.

Logistics warehouse operator Prologis sees a positive inflection point nearing.

J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.

J.B. Hunt Transport Services reported fourth-quarter results Thursday after the market closed.

Q4 earnings season has the potential to reveal actual progress and results for freight transportation companies, according to recent Morgan Stanley research.

Forward Air announced Monday its board of directors has embarked on a review of strategic alternatives.

Chassis provider Trac Intermodal saw its debt rating affirmed by Moody’s, but its outlook is now negative.

Federal Express’ strategy for improving profitability and soft parcel volumes includes redeploying aircraft for daytime international flights to capture containerized cargo.

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

C.H. Robinson had its first investors day in seven years, and the audience liked what it heard.

The transportation sector at Canadian bank BMO, heavily oriented toward trucking, showed further deterioration in the fourth quarter.

XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.

Descartes reported record quarterly results Tuesday after the market closed.

Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.

Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.

Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.

Radiant Logistics beat expectations for the recent quarter and expects an uptick in gross profit during the last quarter of the year as it supports hurricane relief efforts.

Air Transport Services Group said fewer aircraft in revenue service plus higher expenses led to a reduction in core operating profit during the third quarter, but the current quarter is expected to be better.

Proficient Auto Logistics had warned of a weak quarter. The numbers released Friday proved that projection correct.

RXO is boasting that its projected efficiency savings from the Coyote Logistics acquisition will surpass earlier estimates.

RXO’s third-quarter earnings were highlighted by the first numbers from Coyote Logistics as well as an operating loss.

Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.

Wabash National, feeling the impact of lower trailer orders, gets a negative outlook at S&P.

Schneider National missed third-quarter expectations Wednesday, but shares of the truckload carrier were up 4% in early trading.

Trimble Inc. said its transportation segment performed well during the most recent quarter, with revenue increasing 1.4% to $195 million.

Lineage Inc. announced quarterly results Wednesday for the first time since becoming a public company.

Cargojet reported good third-quarter results and says it is adding capacity to meet expected demand growth.