Uber reports record revenue, but delivery takes a back seat
Uber beat earnings expectations for Q2, but its delivery business wasn’t the driver this time around.
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.
Commentary from the C-suites of trucking remains positive for the 2022 back half.
Robinson’s NAST revenue rises despite LTL volume declines and modest TL growth.
Less-than-truckload carrier Saia reports record results for the second quarter and said it has no plans of slowing its growth initiatives.
Logistics giant Ryder posted total revenue of $3.03 billion and earnings per share of $4.43 during the second quarter.
Old Dominion Freight Line’s 69.5% operating ratio during the second quarter was not only a company best but a best-ever result for a public carrier.
Despite a murky economic outlook, Covenant remains optimistic about the company’s business prospects through 2023.
Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.
Covenant Logistics Group’s truckload revenue increased 29% year over year to $218 million, despite unprecedented cost inflation and higher insurance costs.
Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.
Triumph Bancorp posts strong second-quarter financial results while remaining “cautiously optimistic” for a relatively flat trucking and transportation market through the end of 2022.