Daimler Truck now thinks it will earn more money in 2022 because parts shortages are improving and its backlog-to-build schedule is shrinking.
Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”
Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.
Kuehne+Nagel is the largest logistics company in the world. It sees opportunities to capture more business as shipping demand falls.
Trailer and final-mile equipment maker Wabash crushed third-quarter earnings estimates and built its backlog for a rainy day.
Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.
The maker of Kenworth, Peterbilt and DAF Trucks reported record Q3 net income on strong across-the-business performance.
Truckload carrier P.A.M. Transportation Services reported better-than-expected third-quarter results on Thursday after the market closed.
Volvo Group posted solid Q3 results but said ongoing supply chain issues will cause shutdowns and raise prices.
Broker Landstar System reported another strong performance in the third quarter. However, the company now comps to the peak of the freight boom.
Knight-Swift Transportation missed analysts’ forecasts for the third quarter and dialed down expectations over the near term.
Logistics warehouse operator Prologis lowered expectations for 2022 but remains confident that any macro-induced decline in fundamentals won’t keep rents from growing again next year.
Prologis posted record results during the third quarter but reeled in guidance given “an uncertain economic backdrop.”
J.B. Hunt Transport Services beat third-quarter expectations Tuesday but said that cooling freight demand will place greater scrutiny on cost control moving forward.
J.B. Hunt Transport Services beats third-quarter expectations on improved intermodal and dedicated results.
XPO Logistics issued long-term financial targets for its less-than-truckload segment and its brokerage unit, which will be spun off next month.
While earnings estimates remain largely intact for 2022, a September slowdown pushed analysts to take another look at 2023 forecasts.
Radiant Logistics will restate financial results for 2021 and the first three quarters of 2022, according to a filing with the Securities and Exchange Commission.
Daseke announced Friday a transition at the CFO position and that it expects to achieve its previously announced 2022 financial targets.
Less-than-truckload provider Forward Air continues to register notable revenue growth more than one year into freight swap.
