Landstar’s Q4 in line; Q1 outlook disappoints
Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.
Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.
Heartland Express’ fourth quarter benefited from large gains from terminal sales, without which the truckload carrier would have seen another loss.
Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.
Link Logistics records another big year of final-mile property additions in 2023.
Sweden’s Volvo Group reported strong Q4 results but pointed to normalizing demand, code for lower sales already visible in slackening orders.
American Airlines’ cargo results in the fourth quarter were lackluster considering the industry experienced a mini-renaissance after hitting bottom in the summer of 2023.
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Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.
Humble leadership at Paccar forgoes a victory lap its as profit streak reaches 85 years with regular dividends paid out since 1941.
Covenant Logistics Group said the freight cycle is bottoming out, and it expects the market to slowly improve over the next several quarters.
Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million.
Truck maker Paccar Inc. reached 85 consecutive years of posting net income with record sales and profits in the fourth quarter.
J.B. Hunt Transport Services’ fourth quarter was weighed down by insurance costs but revealed a couple bright spots at the bottom of the cycle.
Logistics real estate operator Prologis’ 2024 outlook calls for relative softness in the market during the first half of the year before rebounding.
Equities analysts have trimmed fourth-quarter truckload estimates again after the industry limped through the final days of the year.
Warehouse operator Prologis reported in-line fourth-quarter results and full-year 2024 guidance.
Forward Air reports positive tonnage trends for the first two months of the fourth quarter.
Less-than-truckload carrier Old Dominion Freight Line reports muted volume trends for November.
Software-as-a-service provider Descartes reported record quarterly results Tuesday and said the market is ripe for M&A.
Less-than-truckload carrier XPO reported higher shipments in November one day after it was announced to have the largest winning bid at Yellow’s terminal auction.