The clean balance sheet and deteriorating fundamentals in the TL space that could force some carriers to look for the exit begs the question, ‘will we see Heartland become acquisitive again?’
The railcar leasing company posted diluted earnings per share (EPS) of $1.86, up from $1.01 in the second quarter of 2018
Panalpina’s worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out.
This is the fourth consecutive quarter IBM has reported falling revenues.
The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers finally waving the white flag and acknowledging that 2019 will be a struggle.
Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.
Jim Blaze writes about earnings season for the railroads, and what investors, customers and employees should be looking and asking for in the railroads’ quarterly earnings reports.
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
GBX management explains soft guidance and provides outlook for sequential earnings improvement.
Sealed Air announced the for cause termination of its Chief Financial Officer, William G. Stiehl, as an investigation into its accounting and financial reporting practices continues.
Daimler AG announced a “high-three digit million” hit to second quarter 2019 earnings related to ongoing expenses to remedy its diesel emissions woes.
Forward Air Corp. lowered its second quarter 2019 earnings expectation due to a $5 million accident claim reserve recorded in the quarter.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
A great deal of focus has been placed on the seasonal weakness in TL volumes, but LTL volume weakness is equaling concerning.
Landstar announced that it may not be able to meet the low-end of its guidance range as truckload spot market fundamentals remain weak.
On its earnings call, NAV walked through its earnings outperformance and provided some highlights on the business and its increased guidance.
Navistar reported adjusted earnings per share of $1.06, $0.18 higher than the consensus estimate and raised its 2019 guidance.
Deadly crash treated as a potential murder/suicide; Mainfreight reports US$1.93 billion of revenues; druggy truckie gets 14 months; freight costs revealed.
Other Bets revenue, primarily consisting of Uber Freight, increased 263 percent year-over-year to $145 million.
