Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.
Radiant Logistics said some customers have moved freight deliveries up to avoid a potential dockworker strike or a possible change to U.S. trade policy.
Supply chain SaaS company Descartes reported record quarterly results for the period ended July 31.
Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.
Less-than-truckload carrier Saia is still recording volume growth even though a year has passed since Yellow Corp. closed and the comparisons have gotten tougher.
A soft macroeconomic environment has resulted in lighter shipments for ArcBest and a delay in the company’s freight swap.
As electrification and infrastructure startups mature, banks get interested in lending money to help the best of them grow.
Fleet fuel card provider Corpay said its North American fleet business “presented a drag on growth” during the second quarter.
Forward Air said Wednesday it will continue to focus on integration and revenue opportunities following a messy merger with Omni Logistics.
GXO Logistics’ second-quarter revenue surged 19% year over year to $2.8 billion.
Transportation provider Hub Group sees Q2 revenue fall 5% year over year to $986 million.
ArcBest misses second-quarter expectations as losses at its asset-light business continue.
ArcBest reported second-quarter results on Friday, which came in light of analysts’ expectations.
Schneider National saw positive indicators in the second quarter as the company reported revenue of $1.31 billion.
Werner’s Q2 earnings saw worsening financial conditions but improving freight market conditions and signs of capacity tightening.
Less-than-truckload carrier XPO bested second-quarter expectations on Thursday as tonnage and yields continued to move higher.
Less-than-truckload carrier XPO beat second-quarter expectations as tonnage and yield increases were complemented by effective cost management.
Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned.
Broker Landstar System beat second-quarter estimates Tuesday as the period ended a two-year streak of sequential revenue declines.
Universal Logistics Holdings saw increases in second-quarter top-line revenue, along with gains in its trucking and contract logistics segments.
Growth-related costs and a less favorable freight profile led to Saia’s second-quarter results coming up short of expectations.
A first look at less-than-truckload carrier Saia’s second-quarter earnings report.
Covenant Logistics Group sees improvement in the overall freight market but not enough for a 2024 recovery.
Heartland Express’ Q2 earnings saw a net loss of $3.5 million as it works to improve its operating ratio and profitability
Truckload carrier Pam Transportation Services lost money again in the second quarter but said it saw signs of an improving freight market as the quarter closed.
Knight-Swift Transportation said the trough of the freight cycle has likely passed and that it is now focused on growing its less-than-truckload business.
Covenant Logistics Group posts second-quarter revenue of $287.5 million and adjusted earnings of $1.04 cents per share.
Old Dominion Freight Line beat second-quarter expectations Wednesday as it continues to ready its network for an improving freight economy where it plans to win market share.
Tesla has paused plans for a factory in Mexico amid a 43% drop in second-quarter profit.
Truckload carrier Heartland Express reported another quarterly net loss on Tuesday and said improvement in the freight market will not likely occur until 2025.
Logistics warehouse operator Prologis said uncertainty around interest rates and the political landscape should be resolved in the coming months, clearing a path for a more constructive 2025.
Logistics real estate landlord Prologis noted “subdued” but “improving” demand in its second-quarter report issued Wednesday.
J.B. Hunt missed second-quarter expectations Tuesday as soft freight demand and costs associated with carrying the capacity needed to meet future demand weighed on the period.
J.B. Hunt missed second-quarter expectations as volumes remained weak across all modes, expenses remained elevated and intermodal yields declined.
Forward Air’s review of the first quarter shows the company has a little more breathing room to upcoming debt covenants.
Parcel analyst Satish Jindel predicts FedEx will opt later this year to spin off the Freight unit to the public market.
ArcBest’s efforts to improve freight mix are producing big swings in its operating metrics, a May update revealed.
Less-than-truckload carrier XPO reported a modest increase in volumes during May, but yields took a notable step higher.
Old Dominion’s volume metrics continue to lag peers, largely by design.
Supply chain services provider Descartes reported improved fiscal first-quarter results.
A couple of truckload carriers provide an update on recent trends following a slew of poor first-quarter reports.
Radiant Logistics reported an in-line result for its recent fiscal quarter and said the market has moved off the cycle bottom.
Corpay’s first-quarter fleet transaction revenue declined 15% year over year to $108 million.
Forward Air’s first quarter missed expectations, sending shares 30% lower in pre-market trading Thursday.
GXO Logistics achieved 6% revenue growth in the first quarter, despite challenging freight market conditions.
Supply chain technology provider Trimble’s first-quarter transportation and logistics revenue totaled $195 million.
Less-than-truckload carrier XPO says robust yield improvement is still on the horizon even after it laps easy post-Yellow repricing comparisons.
Less-than-truckload carrier XPO easily surpassed analyst expectations for the first quarter as significantly higher yields amplified modest tonnage gains.
LTL executives highlight shippers moving spillover LTL freight to full truckload amid market weakness and low rates.
Schneider National cut full-year earnings guidance by 25% but said contractual truckload pricing turned positive in the first quarter.
Engine maker and power distribution giant Cummins Inc. reported Q1 declines in two of five divisions, but a huge one-time gain juiced profits.
Logistics real estate operator Link Logistics continues to see favorable demand for space on the downside of the freight cycle.
Amazon touts benefits of regional fulfillment and delivery model to help drive its first-quarter revenue to $143 billion.
Werner Enterprises missed first-quarter expectations Tuesday and lowered some components of its 2024 outlook.
ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.
ArcBest missed first-quarter expectations on Tuesday.
Universal Logistics sees a potential uptick in trucking volumes and rates by the end of the year.
Saia and other less-than-truckload stocks sink for a second time in a week as quarterly reports disappoint.
Broker Landstar System’s first quarter showed the year-over-year declines are lessening while the trucking industry awaits an inflection to a prolonged freight recession.
Knight-Swift Transportation said Wednesday it will cut costs and focus the bulk of its investments away from truckload-related offerings in the near-term.
An in-line earnings report and tepid guidance from Old Dominion sent shares of less-than-truckload carriers lower Wednesday.
Heartland Express said Tuesday weak freight fundamentals led to another net loss during the first quarter.
Pam Transportation Services joined other carriers Thursday, reporting a poor start to 2024.
Prologis modestly reeled in 2024 expectations on Wednesday as it believes the recent demand weakness is tied to near-term uncertainties.
Logistics warehouse landlord Prologis modestly lowered expectations for 2024 on Wednesday.
Knight-Swift Transportation cuts its first-half forecast one day after a notable earnings miss from J.B. Hunt Transport Services.
J.B. Hunt Transport Services’ first-quarter earnings miss sent shares 6% lower in after-hours trading on Tuesday.
J.B. Hunt Transport Services reported a miss on first-quarter expectations Tuesday after the market closed.
Ahead of Q1 earnings reports, analysts are adjusting their earnings expectations for truckload companies as excess capacity continues to weigh down pricing and margins.
First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.
ArcBest reported another big tonnage decline in February as it continues to replace transactional freight with better-priced business from core accounts.
Supply chain software provider Descartes said it continued to pick up market share on its way to another record quarterly performance.
Less-than-truckload carrier XPO is seeing some of the strongest volume growth in the industry.
Old Dominion Freight Line reported modestly better trends in February compared to January but noted the market remains soft.
Less-than-truckload carrier Saia said daily shipments were up 19% in February Monday after the market closed.
Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.
Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.
Universal Logistics posted lower Q4 revenue in its trucking, intermodal and brokerage segments.
Trimble Inc. reported fourth-quarter transportation revenue of $194 million, boosted by strong sales in North America.
Radiant Logistics reported adjusted earnings ahead of consensus for its fiscal second quarter ended Dec. 31.
FleetCor reported fleet transaction revenue of $108 million in the fourth quarter, a 19% year-over-year decrease.
XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.
Werner Enterprises saw another step down in operations during the fourth quarter.
ArcBest continued to swap out spot freight for higher-margin shipments from core accounts during the fourth quarter.
$2 billion in fines and expenses from emissions-rigging slammed Cummins’ Q4 profit in a year of record revenues and cash generation.
ArcBest leveraged cost initiatives to beat the fourth-quarter consensus estimate.
Forward Air provided an update on January trends but made no mention of December numbers or who is currently in charge of recently acquired Omni Logistics.
Less-than-truckload carrier Saia will spend roughly 30% of its annual revenue buying terminals and trucks as it looks to take market share again in 2024.
Pam Transportation Services contends with an auto strike in addition to already depressed truckload demand during the fourth quarter.
Landstar System said Thursday that a recovery won’t likely occur until summer.
Schneider National reported a fourth-quarter earnings miss and a worse-than-expected 2024 outlook on Thursday.
Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.
Heartland Express’ fourth quarter benefited from large gains from terminal sales, without which the truckload carrier would have seen another loss.
Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.
Link Logistics records another big year of final-mile property additions in 2023.
Sweden’s Volvo Group reported strong Q4 results but pointed to normalizing demand, code for lower sales already visible in slackening orders.
American Airlines’ cargo results in the fourth quarter were lackluster considering the industry experienced a mini-renaissance after hitting bottom in the summer of 2023.
Insurance woes weigh down Knight-Swift earnings. Reading tea leaves with Covenant Logistics’ Q4 results; evolution of cybersecurity in the supply chain with Antwan Banks
Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.
Humble leadership at Paccar forgoes a victory lap its as profit streak reaches 85 years with regular dividends paid out since 1941.
