First look: ArcBest reports tough Q1
ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.
ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.
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.
Covenant Logistics Group said economic uncertainties may push back freight market improvements.
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.
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.
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.
Forward Air on Monday updated its first-quarter expectations for a second time.
Logistics warehouse operator Prologis reiterated its 2025 guidance on Wednesday but noted that uncertainty around a volatile trade landscape has customers delaying leasing decisions.
Logistics real estate investment trust Prologis beat first-quarter expectations and maintained its full-year 2025 outlook but noted “policy uncertainty is making customers more cautious.”
J.B. Hunt Transport Services said it’s remaining rate-disciplined on the intermodal front, allowing some business to walk as it works to improve yields and margins in the segment.
J.B. Hunt Transport Services’ first-quarter earnings result came in ahead of recently lowered forecasts.
Freight data from Cass Information Systems shows the industry closed the first quarter on a down note.
Forward Air said Wednesday that 10% to 15% of last year’s revenue would have been impacted by the new tariffs.