FedEx said its newly streamlined air cargo network helped it adjust to tariff-induced demand fluctuations and make a profit during its latest quarter.
The postal workers union is disparaging what Canada Post called an enhanced offer on Wednesday as the sides struggle to finalize a labor agreement after nearly 18 months of negotiations.
Tough times at Werner have led the company to temporarily suspend the 401(k) match for employees.
Zim Integrated Shipping Services Ltd. said better volumes and freight rates boosted profit in the first quarter.
Rebuilding after hurricane damage and rerouting around a Baltimore tunnel project cost CSX a million dollars a day in lost revenue in the first quarter, a company executive told an investor conference.
Railcar builder FreightCar America said net income was $50.4 million on revenue of $96.3 million in the first quarter.
Volumes by carload at Grupo Mexico’s transportation division fell 6.1% in the first quarter, including declines of 21% in automotive traffic and 20% in minerals traffic.
Pricing gains and volume growth spurred BNSF Railway to modestly higher first-quarter profits.
Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.
DHL Group is trimming some airline partners to reduce excess capacity in its air network as part of an effort to maintain growth in a turbulent market.
Canadian National saw 8% earnings growth and had an improved operating ratio in the first quarter.
CN said cost control and disciplined operations helped it to better revenue and profits in the first quarter.
CPKC CEO Keith Creel says the railroad, which reported higher revenue and profits for the first quarter, is “off to a strong start” for the year.
Falling fuel surcharge revenue offset record freight revenue for Class I railroad Union Pacific in the first quarter.
Union Pacific said first-quarter earnings were flat as the railroad’s volume gains were offset by the mix of freight on its network.
Growth in its freight and transit business segments powered higher first-quarter revenue and earnings at rail technology company Wabtec.
Flat revenue and a “vicious winter” didn’t keep Norfolk Southern from posting improved first-quarter profits.
Norfolk Southern shook off severe winter weather in the first three months of the year to post improved operating income in the first quarter.
Congestion hurt volumes and revenue in CSX’s first quarter.
Despite processing over 3 million tasks with generative AI, C.H. Robinson’s stock continues to face pressure amid a sluggish freight market and investor caution.
FedEx reported higher revenue and operating income in the third quarter than last year but says shipping business could slow this quarter because of weakness and uncertainty in manufacturing.
BNSF’s saw fourth quarter revenue decline primarily due to a 6.6% drop in average revenue per carload.
Railcar builder Trinity Industries saw fourth-quarter profit decline on lower deliveries despite improved lease rates.
In this edition: Quarterly earnings echo the pain everyone feels, and metal tariffs hit.
CPKC delivers on 2024 guidance of double-digit earnings growth, despite economic uncertainties and tariff threats.
Declines in coal and fuel surcharge revenue hit CSX profits in the fourth quarter.
Cargojet reported good third-quarter results and says it is adding capacity to meet expected demand growth.
BNSF Railway’s profits, revenue and volume all increased for the third quarter, thanks to surging intermodal and agricultural shipments.
The strong air cargo market acted as a tailwind for Air Canada in the third quarter.
Lufthansa’s cargo division recorded modest profit growth in the third quarter and this week launched a trans-Pacific freighter service.
UPS’s financial performance bounced back in the third quarter, but it flagged macroeconomic weakness and in-store shopping as potential headwinds for fourth-quarter volumes.
CPKC saw single-digit gains in freight volumes in the third quarter, but the operating ratio climbed as a brief lockout of union employees hit network operations.
CSX faces more than $200 million in reconstruction costs as a result of Hurricanes Helene and Milton, and the income impacts of the storms will be felt in both the third and fourth quarters.
A challenging parcel environment led to disappointing first-quarter results for FedEx.
Cargojet’s domestic and international flying business posted solid gains in the second quarter thanks to e-commerce demand in Canada.
Amazon logistics partner Air Transport Services Group expects better revenue and profits the rest of this year after a difficult second quarter.
Parcel logistics giant DHL is banking on a strong peak shipping season to bring up results for 2024.
Large passenger airlines recorded solid growth in cargo revenue during the second quarter after more than a year of contraction.
TFI International reported solid financial performance in the second quarter of 2024.
The recovery of the air and ocean logistics market since the start of the year helped improve second-quarter results at Kuehne+Nagel and DSV.
UPS is taking longer than expected to restore profit levels amid slower parcel growth and increased operating costs.
FedEx is cutting nearly 20% of its Boeing 757 cargo jets because of soft demand and efforts to modernize the fleet.
Air Canada said Thursday it changed its mind about investing in two widebody freighters and will rely on its growing passenger fleet to increase cargo capacity.
Lufthansa’s freighter division faced external headwinds and rising costs that impaired its growth during the first quarter.
Geopolitics and internal operating challenges prevented Air France-KLM from generating more cargo revenue during the first quarter, when the freight economy improved.
Modest growth in domestic e-commerce volumes plus improved aircraft utilization from network rebalancing helped Canadian airline Cargojet further stabilize performance during the first quarter, setting the table for growth this year despite lingering concerns about inflation. Cargojet (TSX: CJT) reported Tuesday that revenue of US$169 million was nearly flat year over year, while adjusted earnings […]
UPS is working to transition U.S. Postal Service business from incumbent air cargo supplier FedEx and hire more pilots before the current contract officially ends.
United Airlines nearly closed the year-over-year gap in cargo revenue during the first quarter as the air logistics sector shakes off a lengthy slump.
The air cargo market’s upturn helped Delta Air Lines in the first quarter, but revenues were still lower than in 2022.
Lufthansa Cargo saw a big drop in profitability last year because of difficult market conditions.
Kuehne+Nagel is the largest logistics company in the world, but it wasn’t immune to downward market forces in 2023.
Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years.
Canadian operator Cargojet sharply scaled back fleet investments last year to stabilize the bottom line but reports the Q4 upturn in air cargo business carried over to the new year.
The downward slope in cargo revenue at Air Canada began to level out during the fourth quarter, and management is optimistic 2024 will be better for airfreight than last year.
United Airlines said Monday that fourth-quarter cargo results were half as bad as for the full year.
Delta Air Lines’ cargo business saw some improvement during the fourth quarter, but the overall enterprise performed very well, according to results released on Friday.
Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year.
Hawaiian Airlines is finally on its way to positive cash flow from its new Amazon Air contract after spending money to launch freighter operations.
United Airlines had a weak quarter for cargo revenue, but it’s on par with the rest of the industry.
Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.
Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.
All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.
American and United airlines enjoyed highly profitable second quarters, but their cargo businesses were a downer.
Delta Air Lines has seen cargo revenue slide by more than a third in the past year.
All airlines are experiencing lower cargo revenue, but Air Canada lagged most competitors during the first quarter for reasons both unique to the airline and common for the industry.
Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.
Two of the world’s largest third-party logistics providers consider the glass half-full despite a substantial drop in profits.
American Airlines joined its peers in posting lower cargo revenue for the first quarter from a year ago.
Earnings season is upon us and the freight recession lingers worse than salmonella-carrying potato salad at a tailgate party. Wisconsin-based truckload carrier Martin Transport reported its Q1 2023 earnings Tuesday. While operating revenue improved 3.7% from $287.3 million in Q1 2022 to $298 million this year, the actual operating income declined from $35.9 million to $29 million.
United Airlines posted a quarterly loss and said cargo sales fell more than a third from a year ago, but was optimistic about strong travel demand the remainder of the year.
Delta Air Lines made less money from cargo during the first quarter than a year ago — or any quarter in between. Similar results are expected when other airlines report results.
FedEx Express is aggressively scaling back air operations to save money as shipping demand crumbles.
Kuehne + Nagel had a highly profitable year in 2022 despite macroeconomic headwinds, but results fell considerably in the fourth quarter along with transport demand.
Atlas Air took a profit cut in the fourth quarter, but comparisons with 2021 weren’t good because it was a record year financially.
Air Canada is investing heavily in its dedicated cargo operations at a time when freight rates are slumping.
UPS is replacing MD-11s with more fuel-efficient Boeing 767 freighters as reducing costs and carbon emissions become increasingly important.
American Airlines generated strong cargo sales in 2022 even as market conditions deteriorated.
United Airlines saw cargo revenue dip but exceeded financial expectations in the fourth quarter.
Delta Air Lines carried more than $1 billion in cargo below passengers’ feet last year, setting a company record.
FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Uber Technologies reported earnings Tuesday before the bell, and investors took kindly to the results.
Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.
Lufthansa Airlines’ cargo subsidiary continued to earn profits during a difficult third quarter, even as the market softened.
The air cargo market’s deceleration this year had a greater impact on third-quarter cargo revenues at American Airlines than its primary rivals, Delta and United Airlines. But the best revenue quarter in company history and a $483 million profit painted a positive financial picture that could be replicated in the final quarter thanks to resilient […]
United Airlines continues to deliver strong cargo results each quarter even as global trade softens.
Delta Air Lines’ cargo division had a Goldilocks third quarter: not too cold and not too warm.
One year into its existence, GXO Logistics continues to find contract logistics is the right fit.
Record results by the cargo division pulled Deutsche Lufthansa AG to profit in the second quarter for the first time since the COVID crisis began, underscoring how moving goods has become increasingly important for passenger airlines as a hedge against travel downturns. “The Lufthansa Group is back in the black,” CEO Carsten Spohr declared in […]
Supply chain technology provider Trimble reported transportation revenue of $150 million for the second quarter.
Air Transport Services Group rode the e-commerce wave to another profitable quarter.
Ride-hailing giant Lyft reported earnings for the second quarter after the bell Thursday.
Fleetcor Technologies Inc. on Wednesday reported revenues of $861 million in its second-quarter earnings.
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.
Shopify posted a $1.2 billion loss in the second quarter a day after it announced it was slashing 10% of its workforce.
Passenger travel carried United Airlines to a second-quarter profit, while cargo sales eased for the first time in two years.
Qatar Airways posted record profit and strong cargo business for the fiscal year 2021-22.
In what was a difficult quarter for American Eagle and retailers generally, the outfitter’s supply chain business showed promise.
Air Transport Services Group seems to have immunized itself from air cargo volatility by leasing aircraft to e-commerce shippers and U.S. government personnel.
Atlas Air’s cargo business is on a steep growth path this year and ongoing fleet investments indicate management’s confidence in the future.
