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.
Hub Group had year-over-year revenue declines in its intermodal and logistics segments during the first quarter.
Schneider National beat first-quarter expectations Thursday but lowered its full-year outlook as excess capacity lingers.
Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.
Like Volvo Group and Paccar Inc., which have already reported, Daimler Truck forecasts a stronger-than-expected first-quarter earnings report.
Link Logistics maintained high occupancy and rent growth in the first quarter.
Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.
Paccar Inc. crushed Q1 revenue and profit estimates, a quarter dampened by a $446 million hit related to European price-fixing settlements.
Pam Transportation saw first-quarter earnings fall as the truckload market searches for a bottom.
Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.
Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.
