Universal Logistics reports weaker Q2 results amid market ‘headwinds’
Universal Logistics reported revenue of $413 million and earnings per share of 90 cents during the second quarter.
Universal Logistics reported revenue of $413 million and earnings per share of 90 cents during the second quarter.
ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.
Hub Group reported $1 billion in revenue and earnings per share $1.44 during the second quarter.
Navistar saw a big drop in orders, but deliveries of new International trucks helped parent Traton to strong second-quarter results.
Rush Enterprises posted strong Q2 sales and profits, relying on its parts and services business amid trucking headwinds.
Truck broker Landstar issued worse-than-expected third-quarter guidance Thursday and said most metrics are still underperforming normal seasonal trends.
Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.
Wabash reported record Q2 earnings because it was able to price its trailers and truck bodies higher than the cost of materials.
What’s behind Paccar’s stunning Q2 profits? Inflation is part of the answer. So is a burgeoning parts footprint.
Paccar continued a string of record quarterly performances in Q2, posting a 70% gain in profits and a 24% increase in sales.
Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.
Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.
Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.
Pam Transportation Services reported a sharp decline in earnings during the second quarter.
J.B. Hunt Transport Services missed second-quarter expectations Tuesday and said it is still uncertain how peak season will play out.
Logistics real estate giant Prologis beat second-quarter estimates Tuesday but lowered its rent growth forecast for 2023 as the market cools from peak activity.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
Less-than-truckload carrier Yellow reported another large drop in volumes Friday after the market closed.
ArcBest holds on to tonnage growth in the April-May period but yields take a notable step lower.