Revenue rose 26% to $27 million in the first half. Management expects 60–73% growth in the second half while scaling via partner trucks.
Truckload rates surged in July even as demand remained squishy, monthly data from Cass Information Systems showed.
Amid rising truckload rates, elevated fuel prices and a tightening driver market, J.B. Hunt has experienced a surge in intermodal conversion opportunities this summer.
Trimble’s transportation and logistics revenue rose 5% in Q2 as executives pointed to improving freight-market indicators.
Proficient Auto Logistics announced an acquisition that will double the size of its network, which operated unprofitably in the second quarter.
Forward Air reported its best quarterly performance since its early 2024 acquisition of Omni Logistics.
GXO Logistics reported higher second-quarter revenue and earnings, highlighted by its strongest quarter for new business wins in three years.
Lineage has idled 15 cold storage facilities since last year to address a pandemic-driven industrywide warehouse overbuild.
Truckload carrier Pamt Corp. is still culling its fleet to get back to profitability.
GXO Logistics posted its strongest Q2 in three years as revenue increased 4.3% year over year to $3.4 billion.
July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
Aurora Innovation said it expects to reach an $80 million TaaS revenue run-rate by year-end, detailing the per-mile revenue outlook for both business models ahead of a planned 2027 shift to driver-as-a-service. The company reported a $270 million second-quarter loss.
Truckload carrier Heartland Express returned to profitability in the second quarter, driven by gains from equipment sales.
Truckload carrier Schneider National raised its full-year earnings outlook by 18% after easily beating second-quarter expectations.
Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.
Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.
ArcBest’s second quarter highlighted improvements in operations across its business units.
Landstar System said the truck brokerage market has begun to reshape in the wake of the Supreme Court’s broker liability ruling.
Refrigerated carrier Marten Transport said a significantly tighter capacity environment is allowing it to improve freight selection and push rates higher.
Tesla reported 26% revenue growth and reaffirmed plans to begin Semi production this year despite sharply higher investment spending.
