company earnings

Tesla plans to ramp up full production of its all-electric Class 8 Semi truck in 2026.

Covenant Logistics Group reported 2% quarterly growth in freight revenue, “despite the prolonged general freight market down cycle,” Chairman and CEO David R. Parker said.

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.

Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.

Logistics real estate investment trust Prologis said it doesn’t expect the market to positively inflect until mid-2025.

Logistics warehouse operator Prologis beat third-quarter expectations even as some key metrics dipped amid a market “bottoming process.”

J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.

J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.

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.