J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.
Outlook for future improvement to earnings is still hazy as Morgan Stanley analyst lowers fourth-quarter estimates for most transportation companies.
While the truckload carriers are happy to turn the page on 2019, investors in truckload stocks may be hoping for more.
The biggest truckload carrier in the U.S. Knight-Swift cuts its fourth quarter 2019 earnings outlook again. The company plans to “revise” its first quarter 2020 guidance in January.
Navistar will cut 10% of its worldwide workforce even as it gained market share for the third consecutive year.
Morgan Stanley eyeing truck capacity constraints and higher rates in 2020, potentially reaching 2018 levels or higher.
Dry bulk ocean carrier Jinhui Shipping of Hong Kong and Oslo has drifted into the red according to its third quarter results. Its nine-month results indicate the company may generate a loss this year.
Canadian firm reports a largely expected 27% jump in net income in the third quarter as revenue increases 19%; CEO lauds “predictable results in an increasingly unpredictable business environment.”
Port, engineering and property giant MMC shrugged off the trade war and economic headwinds to report massive increases in revenues and profits. Analysts issued a “buy” rating.
Integrated logistics provider and ocean carrier Harbour Link saw a boost in revenues but its costs grew too, causing its profits to weaken in the most recent quarter. A weak result in its ocean shipping division was a drag on profit as well.
Integrated logistics services provider Tasco, a subsidiary of Yusen Logistics and an NYK Group company, has reported flat second quarter revenues and costs but a surge in net profit. Its six month figures don’t look so great though and equities analysts are disappointed.
Dry bulk ship operator Malaysian Bulk Carriers has reported another set of losses. Barring unexpected positive developments, it may make a yearly loss. It is also reducing both long-term and current assets. The company has entered into working capital deficiency.
Sino-Malaysian services provider Integrated Logistics (trading as Integrated Group) has announced another poor set of financial results. It looks set to deliver its fifth full-year loss in six years.
Despite solid revenues, costs at CJ Century Logistics surged and the company has reported a third consecutive quarterly loss.
ZIM reported a $5 million profit in the third quarter of 2019, saying it benefited from its cooperation with Maersk and MSC.
Target Corporation (NYSE: TGT) saw its stock surge after the retailer reported sales growth and traffic surges for both its physical stores and its digital offerings.
Lowe’s announces plans to make leadership changes and close 34 stores in Canada. The home improvement retailer increased earnings guidance for fiscal 2019.
Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.
The Home Depot, Inc. reels in full year sales expectations due to timing of investment initiatives. Management expects broad-based growth to continue as consumer discretionary spending remains steady.
COSCO Shipping International (Singapore), a logistics-focused arm of COSCO, reports a big hit to its third quarter profit after tax. But the company nonetheless has big regional expansion plans.
