WEX Inc., a provider of fuel cards and account management services, reported sales fell 21% year over year to $347.1 million.
“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.
Dana followed other Tier 1 suppliers in reporting a big cash burn to offset second-quarter plant idlings. But the maker of driveline and electrification systems exited with solid reserves.
Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.
Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.
Layoffs and salary cuts helped commercial vehicle driveline supplier Meritor ease the impact of the coronavirus pandemic. But sales, profits and cash took a big hit in fiscal Q3.
Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.
Trailer builder Wabash National kept the business impact of COVID-19 to a minimum in the second quarter. It even paid back money it borrowed and maintained its dividend.
ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.
NAST margins narrowed, but volumes held up relatively well.
Management from USA Truck provides upbeat commentary regarding the potential for significantly improved earnings as truckload fundamentals remain firm.
Engine maker Cummins soundly beat estimates for earnings and sales in the second quarter because its plants in China worked overtime as the country rebounded from the coronavirus pandemic.
USA Truck’s second-quarter result comes in slightly ahead of expectations, but the carrier extends its losses to four consecutive quarters.
Roadrunner Transportation Systems to spin off global logistics segment, emerging debt-free in the process.
Anthony and Zach discuss the Knight-Swift earnings and what they mean for the freight economy. Anthony gives an economic update and Zach talks about the continued unexpected strength of freight volumes in the U.S.
Market share grew at Daimler Trucks North America and PACCAR even as Q2 sales sank under the weight of the COVID-19 pandemic.
P.A.M. Transportation points to automotive manufacturing closures as reason for second-quarter loss.
Landstar’s earnings call outlines the company’s better-than-expected guidance.
Canadian trucking and logistics firm Mullen Group reports a large drop in profits in its second-quarter financial results. But the company is positioning itself for recovery as business activity comes back.
In second-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported gross revenues fell by 7.1% on a year-over-year basis to $514.7 million. That beat the consensus estimate of $475 million, largely driven by decreases in less-than-truckload (LTL) volumes and revenue per […]
