company earnings

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.

Covenant Logistics Group said the freight cycle is bottoming out, and it expects the market to slowly improve over the next several quarters.

Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million.

Truck maker Paccar Inc. reached 85 consecutive years of posting net income with record sales and profits in the fourth quarter.

J.B. Hunt Transport Services’ fourth quarter was weighed down by insurance costs but revealed a couple bright spots at the bottom of the cycle.

Logistics real estate operator Prologis’ 2024 outlook calls for relative softness in the market during the first half of the year before rebounding.

Equities analysts have trimmed fourth-quarter truckload estimates again after the industry limped through the final days of the year.

Warehouse operator Prologis reported in-line fourth-quarter results and full-year 2024 guidance.

Forward Air reports positive tonnage trends for the first two months of the fourth quarter.

Less-than-truckload carrier Old Dominion Freight Line reports muted volume trends for November.

Software-as-a-service provider Descartes reported record quarterly results Tuesday and said the market is ripe for M&A.

Less-than-truckload carrier XPO reported higher shipments in November one day after it was announced to have the largest winning bid at Yellow’s terminal auction.

Workhorse Group made progress toward scaling its electric truck business, but being shut out of California incentives dented revenue.

Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.

Flatbed carrier Daseke reported an in-line third-quarter result Thursday but reduced its full-year guidance.

Hyliion Holdings is throwing in the towel on its Hypertruck ERX natural gas-electric powertrain to focus on generator technology.

Daimler Truck reported lower deliveries in Q3, a contrast to its major competitors who reported higher sales but warned of a coming slowdown.

Truck brokerage RXO beat third-quarter estimates Tuesday and said it will continue to expand its platform and take market share on the downside of the cycle.

Air Transport Services Group’s underperformance cost CEO Rich Corrado his job on Monday.

Schneider National missed third-quarter estimates Thursday and cut its outlook for the year by more than 20%.

Nikola’s recall cost burden and lack of production lead to a dismal Q3 earnings report but the company sees light ahead.

Cummins Inc. reported higher profits and sales in the third quarter as it generated record working cash but foresees Q4 pullback.

Werner Enterprises reported a worse-than-expected result for the third quarter as margins in both its trucking and logistics segments deteriorated from the second quarter.

Supply chain technology provider Trimble posted impressive Q3 results but said transportation revenue could slow down in the next quarter.

Forward Air will primarily focus on less-than-truckload opportunities moving forward as it tries to exit a burdensome merger agreement.

Air Canada said it is taking a slower approach to adding cargo jets because there isn’t enough demand now to justify the investment.

Forward Air said it would accelerate a strategic review of its assets after missing third-quarter consensus and providing a weaker-than-expected fourth-quarter outlook.

XPO said Monday it plans to increase capital spending to respond to a tightening capacity dynamic following Yellow’s closure.

XPO reported a third-quarter-earnings beat on Monday as fallout from a competitor’s closure overshadowed a soft macroeconomic environment.

ArcBest’s less-than-truckload operation saw a meaningful step up in profitability in the third quarter as it remains selective on market share opportunities.

Universal Logistics Holdings released its third-quarter financial results on Friday, reporting year-over-year decreases in its trucking, intermodal and brokerage segments.

ArcBest reports a third-quarter earnings beat when adjusting for several one-off items.

Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.

Link Logistics added 24 million square feet of space during the third quarter while holding occupancy level.

Heartland Express books a third-quarter net loss and makes changes to cull unprofitable accounts.

Truckload carrier Covenant Logistics Group said the freight market is bottoming out, and the company is eyeing only a “modest decline” in earnings next quarter.

Chattanooga, Tennessee-based Covenant Logistics Group’s third-quarter revenue declined 7% year over year to $288.7 million.

Rush Enterprises experienced softer Class 8 aftermarket revenue at its dealership network, but it had other business to replace it in Q3.

Truck leasing giant Ryder posted total revenue of $2.9 billion and earnings per share of $3.58 during the third quarter.

Old Dominion sees a 6% uptick in shipments following Yellow’s closure but says the industry’s freight reshuffle hasn’t been permanently settled.

Wabash’s reorganization is continuing to pay off as service revenue rises as trailer sales fall amid improved profits.

Consistent with its rivals, Traton sees orders slowing but strong deliveries across its brands including Navistar.

Old Dominion Freight Line reported better-than-expected third-quarter results as Yellow’s departure provided a tailwind.

Knight-Swift Transportation beat lowered third-quarter expectations Thursday and said the market appears close to a tipping point.

Pam Transportation Services sees truckload fundamentals weaken further during the third quarter.

Automaker Tesla’s plan to build a factory in Mexico could be delayed past 2025, CEO Elon Musk said Wednesday.

Volvo Group reported strong third-quarter results but reported slowing orders as trucking demand returns to normal.

Logistics warehouse owner Prologis on Tuesday noted some cracks in demand, which it attributed to interest-rate policy and geopolitical fears.

Logistics warehouse landlord Prologis beat expectations for the third quarter on Tuesday.

Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.

Radiant Logistics is looking to deploy its unleveraged balance sheet on M&A.

J.B. Hunt provided a slightly more positive outlook at an investor conference on Wednesday.

Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.

Supply chain visibility provider Descartes leans on past acquisitions to grow through the downcycle.

ArcBest said Monday that shipments from its primary less-than-truckload customers have increased 20% since June.

Knight-Swift Transportation announced late Friday that its top two executives have taken a reduction in base pay amid other cost-cutting measures at the company.

Lightning eMotors has enough parts to build electric vehicles through the end of the year, but it needs new capital soon to stay in business.

Second-quarter cargo revenue at Air Canada fell 24% — not so bad in the context of global market conditions.

Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.

Yellow Corp. released second-quarter financials Wednesday following a bankruptcy petition earlier in the week.

Atlanta-based FleetCor Technologies reported fuel transaction revenue of $399 million in the second quarter, a 6% year-over-year increase.

Hyzon Motors is willing to consider selling itself or merging to keep making progress on its fuel cell system.

Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.

Less-than-truckload carrier XPO said it would add capacity to meet the increased demand created by Yellow’s departure.