Management teams from a couple of the nation’s largest fleets share their thoughts on peak season and rates during an investor conference.
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
Inflation, a pandemic and changing consumer behavior have culminated in dramatically different Q2 results across the e-commerce industry.
Daimler Truck posted improved revenue and income in Q2 but expressed full-year concerns because of Russia’s war on Ukraine.
Hyliion still depends on its hybrid electric booster for its revenue, but the orderbook expanded 11% for the Hypertruck ERX in Q2.
Shareholder letters and earnings call transcripts don’t qualify as page-turning vacation reading. But they say a lot.
Supply chain technology provider Trimble reported transportation revenue of $150 million for the second quarter.
Werner reported revenue of $836 million in the quarter and sees a strong “pipeline” of demand from customers for the remainder of the year.
Fleetcor Technologies Inc. on Wednesday reported revenues of $861 million in its second-quarter earnings.
On Jennifer Rumsey’s second day as CEO, Cummins Inc. reported strong Q2 earnings in North America.
Uber beat earnings expectations for Q2, but its delivery business wasn’t the driver this time around.
TravelCenters of America Inc. tops $3 billion in revenue for the second quarter.
Trailer pool services are gaining adoption. Wabash, a major manufacturer of equipment, recently announced a partnership with Phoenix-based freight brokerage FreightVana to supply the company with its trailer-as-a-service (TaaS) platform.
Second-quarter cargo business softened on the margins for British Airways and its sister airlines but was still much better than before the pandemic.
ArcBest reported better-than-expected results again during the second quarter.
Cargojet says it has two built-in defenses against an economic downturn: e-commerce and unstable cargo service at passenger airlines.
P.A.M. Transportation Services reported better-than-expected second-quarter results Thursday.
Schneider National beat second-quarter expectations even with a precipitous drop in gains on sale.
Forward Air raised its earnings expectations again. Management believes it has the ability to generate higher results even in a recession.
Trailer maker Wabash is benefiting from a steady order backlog and a focus on more activity with targeted customers.
