company earnings

Less-than-truckload provider Forward Air said Tuesday that demand momentum has improved as the second quarter has progressed.

Less-than-truckload carrier XPO reported another modest tonnage decline in May, which was in line with trends at Saia and much better than Old Dominion’s report.

Less-than-truckload carrier Old Dominion reported no seasonal inflection in volumes during May but continued to push yields higher.

Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter.

Supply chain visibility provider Descartes beat first-quarter estimates, and management said they are optimistic about recent trends.

Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.

First-quarter financials were iffy and cash was tight, but Workhorse electric stepvan manufacturing made progress.

Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.

Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.

Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.

Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.

Werner Enterprises reported first quarter revenue of $832.7 million, up 9% year over year compared to the same period last year.

Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.

Tech solutions firm Trimble reported $154.9 million in first-quarter transportation revenue amid a softening freight market.

U.S. truck engine maker Cummins on Tuesday reported first-quarter revenue of $8.5 billion, boosted by strong global demand for its products.

Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.

Truckload carrier Heartland Express missed first-quarter expectations.

Saia’s revenue trends in April are much better than its less-than-truckload peers.

Universal Logistics Holdings saw revenue declines in its trucking, brokerage and intermodal segments in the first quarter.

ArcBest on Friday stood by its strategy to take on lower-margin business.