company earnings

The high-flying darlings of 2021, less-than-truckload stocks are finding their way back to earth quickly this year.

Freight demand trends in a softening market continue to be bifurcated with large fleets remaining unscathed so far.

Target Corp. reported Q1 2022 earnings before the bell Wednesday, turning in weaker-than-expected numbers.

Yellow Corp. executives told analysts that the company’s plan to close and consolidate terminals won’t reduce capacity in its network.

Multimodal transportation provider Radiant Logistics reported record results again during its fiscal quarter ended March 31. Demand still remains healthy throughout its network.

Universal Logistics saw improvement across all of its asset-light segments during the first quarter. Its updated guidance may prove conservative.

Fleetcor’s reported first-quarter earnings Thursday include a steady retention rate of 93%.

DoorDash continues to reign supreme over Grubhub and Uber Eats as it expands its business into new categories like convenience and grocery.

Electric truck maker Nikola posted its first gross profit in Q1 and racked up orders backed by California incentives.

Supply chain technology provider Trimble reported record revenue for the first quarter of 2022.

Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.

Traton Group is glad it bought Navistar when it did. The U.S. truck and bus maker is helping offset war and other issues at the German holding company.

Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.

TuSimple, the autonomous truck developer is delaying its purpose-built driverless truck to 2025 while slowing its roll in other areas.

Management from flatbed provider Daseke said April was “strong,” a continuation of the better-than-expected performance it recorded in the first quarter.

Cummins Inc. expects to keep raising prices to stay ahead of inflation in the materials it buys for engines and powertrains.

USA Truck posted its seventh consecutive quarter of record earnings Thursday and expects 2022 to be another record year, James Reed, president and CEO, said during a call with analysts Friday.

Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.

ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.

Arkansas-based USA Truck produced the best first-quarter earnings per share in the company’s 29-year history and the seventh consecutive quarter of record earnings.