Logistics real estate landlord Prologis noted “subdued” but “improving” demand in its second-quarter report issued Wednesday.
J.B. Hunt missed second-quarter expectations Tuesday as soft freight demand and costs associated with carrying the capacity needed to meet future demand weighed on the period.
J.B. Hunt missed second-quarter expectations as volumes remained weak across all modes, expenses remained elevated and intermodal yields declined.
Forward Air’s review of the first quarter shows the company has a little more breathing room to upcoming debt covenants.
Parcel analyst Satish Jindel predicts FedEx will opt later this year to spin off the Freight unit to the public market.
ArcBest’s efforts to improve freight mix are producing big swings in its operating metrics, a May update revealed.
Less-than-truckload carrier XPO reported a modest increase in volumes during May, but yields took a notable step higher.
Old Dominion’s volume metrics continue to lag peers, largely by design.
Supply chain services provider Descartes reported improved fiscal first-quarter results.
A couple of truckload carriers provide an update on recent trends following a slew of poor first-quarter reports.
Radiant Logistics reported an in-line result for its recent fiscal quarter and said the market has moved off the cycle bottom.
Corpay’s first-quarter fleet transaction revenue declined 15% year over year to $108 million.
Forward Air’s first quarter missed expectations, sending shares 30% lower in pre-market trading Thursday.
GXO Logistics achieved 6% revenue growth in the first quarter, despite challenging freight market conditions.
Supply chain technology provider Trimble’s first-quarter transportation and logistics revenue totaled $195 million.
Less-than-truckload carrier XPO says robust yield improvement is still on the horizon even after it laps easy post-Yellow repricing comparisons.
Less-than-truckload carrier XPO easily surpassed analyst expectations for the first quarter as significantly higher yields amplified modest tonnage gains.
LTL executives highlight shippers moving spillover LTL freight to full truckload amid market weakness and low rates.
Schneider National cut full-year earnings guidance by 25% but said contractual truckload pricing turned positive in the first quarter.
Engine maker and power distribution giant Cummins Inc. reported Q1 declines in two of five divisions, but a huge one-time gain juiced profits.
