Forward Air gains needed breathing room, awaits demand recovery
Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.
Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.
Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.
Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.
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.
GXO Logistics Inc. saw solid growth in 2025 and could expand in North America through an acquisition.
GXO Logistics’ fourth-quarter revenue surged 25% year over year to $3.25 billion.
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.
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.
Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.
Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.
Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.