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.
Workhorse Group made progress toward scaling its electric truck business, but being shut out of California incentives dented revenue.
Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.
Flatbed carrier Daseke reported an in-line third-quarter result Thursday but reduced its full-year guidance.
Hyliion Holdings is throwing in the towel on its Hypertruck ERX natural gas-electric powertrain to focus on generator technology.
Daimler Truck reported lower deliveries in Q3, a contrast to its major competitors who reported higher sales but warned of a coming slowdown.
Truck brokerage RXO beat third-quarter estimates Tuesday and said it will continue to expand its platform and take market share on the downside of the cycle.
Air Transport Services Group’s underperformance cost CEO Rich Corrado his job on Monday.
Schneider National missed third-quarter estimates Thursday and cut its outlook for the year by more than 20%.
Nikola’s recall cost burden and lack of production lead to a dismal Q3 earnings report but the company sees light ahead.
Cummins Inc. reported higher profits and sales in the third quarter as it generated record working cash but foresees Q4 pullback.
