earnings

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 delivered sharply lower cargo revenue in the second quarter, reflecting the prolonged downturn in shipping demand that has engulfed all air logistics providers, even as overall revenue […]

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 […]

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 […]

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.

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

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

Uber’s delivery segment, which includes Uber Eats and services like Uber Connect, had another solid quarter.

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.

United Airlines more than doubled its cargo revenue in the first quarter versus 2019. The passenger side is nearing full health too.

Delta Air Lines grew Q1 cargo business because of supply chain chaos like that unfolding in Shanghai now. (Photo: Delta)

Kuehne + Nagel is the biggest air and ocean logistics provider and it’s pushing the right buttons for fast growth.

Air cargo was a bright spot for Air New Zealand last year, thanks in large measure to government aid for flights geared toward cargo.

Canada’s largest airline produced its best cargo results ever as the passenger business begins to show signs of sustained recovery.

Atlas Air has a huge freighter fleet to help take advantage of shipper interest in air transport and is adding more planes this year.

E-commerce platform Shopify said a lack of government stimulus will hold down revenue growth in 2021.

The ride-hailing giant has struggled to turn a profit over the years, but that finally changed in 2021.

“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.

USA Truck beats fourth-quarter expectations and plans to grow revenue through expanding capacity east of Interstate 35 and doubling logistics business.

USA Truck Inc. rode a robust freight and pricing market to revenue of $200.9 million and earnings per share of $1.38 during the fourth quarter.

ANA is moving lots of goods across the Pacific and throughout Asia with its cargo and passenger jets.

The Chattanooga, Tennessee-based truckload carrier said the outlook is for continued operational progress during 2022.

Among the major U.S. passenger carriers, United Airlines was the big winner in cargo performance during 2021.

It’s a sign of the supply chain times when customers are renting entire planes from United Airlines to haul low-value commodities like mayonnaise.

Delta Air Lines is on the path to recovery from the depths of the coronavirus pandemic, but omicron remains a hurdle.

ATRI research on truck driver motivations and satisfaction The American Transportation Research Institute released results on its analysis on what motivates truck drivers to become company drivers or owner-operators/independent contractors […]

Berkshire Grey’s revenue was up 750% year-over-year, but it still missed on analyst expectations, more than tripled its net loss and more than doubled its adjusted-EBITDA loss.

Both Uber Eats and DoorDash surprised investors, but not in the ways one might think.

Domestic headwinds were balanced out by an international expansion as DoorDash stock popped 10% in post-market trading.

Airlines are growing more optimistic about their recovery from the pandemic as the U.S. reopens its borders. Cargo is riding the coattails of the passenger bounce.

ATSG is hitting on all cylinders with its aircraft leasing and cargo airline units, as third quarter results demonstrate.

The road ahead looks brighter than ever for the ride-hailing giant after posting an adjusted-EBITDA profit of $8 million.

Wayfair stock is down in the early hours of trading on Thursday after a lackluster quarter.

Fleetcor’s third-quarter adjusted earnings per share grew 26% year-over-year, while new sales bookings grew 52% in the same period.

Air Canada Cargo has been a strong pandemic performer, but the passenger side of the business is finally beginning to recover.

American Airlines is riding the cargo wave, like its competitors, but a challenging passenger environment is holding back its financial performance.

Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.

Air Transport Services Group is like a Swiss Army knife. It flies cargo and passenger planes for other airlines, leases aircraft, does aircraft maintenance and freighter conversions, and provides ground handling. It’s all clicking for the bottom line.

Atlas Air is keeping eight jumbo jets by buying them from leasing companies. It doesn’t want to turn them in because it would have fewer assets available to meet customer demand.

Fleetcor is “finally moving past [its] pre-pandemic baseline,” Chairman and CEO Ron Clarke said during the earnings call.

The online payment platform boosted its outlook for total payment volume, but guidance was largely unchanged.

On this episode of The Stockout,Mike Baudendistellooks at how Ben & Jerry’s is making its stance on the Middle East known.

Cargo was the good news for Air Canada in the second quarter as the company still struggles out of a pandemic hole.

Ghost freighters — passenger planes flying without passengers — were a big part of United Airline’s pivot to cargo during the pandemic. Now they are going away.

United Airlines’ cargo division is one of the company’s biggest assets right now, with big returns again in the second quarter.

Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.

Delta Air Lines is seeing strong domestic travel demand, but cargo also helped the company move beyond breakeven in the second quarter.

FedEx Freight is pointing the finger at less-than-truckload competitors for denying service to customers, which it says flooded its network and forced it to cancel certain accounts.

Have companies seen the best of the best when it comes to earnings potential? Andrew Cox breaks it down on this episode of Great Quarter, Guys.

First-quarter revenue results were aligned with FLEETCOR’s expectations, but at $609 million, they fell 8% short of first-quarter 2020 results.

Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.

As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.

Universal Logistics Holdings reported $415.2 million in operating revenue during the first quarter.

United performed worse in the first quarter than some analysts expected, but the consumer mood has shifted as the economy reopens and United says it can get to breakeven this year on a pretax basis.

Hong Kong has finally made it easier for certain airlines to operate by easing some COVID restrictions for pilots. Cargo operators will benefit the most.

One more quarter taking its pandemic lumps and then Delta says it will steer out of the COVID vortex and start making more money than it loses.

The company can deliver over 90% of its orders same or next day, and has access to 99% of the population.

The Container Store’s (NYSE: TCS) most recent earnings call details the reality of shifting to a greater mix of e-commerce sales at a time when transportation capacity is extremely tight.

All Nippon Airways is consolidating freighter operations at one of its Tokyo airports, and only relying on passenger planes to deliver cargo to Okinawa to save money after losing a lot of money in the first three quarters of its fiscal year.

Business payments company FLEETCOR Technologies Inc. reported EPS 19 cents above estimates for the fourth quarter.

Alaska Airlines’ parent company is one of the better managed airlines in the industry. Its financial results during a pandemic year show why.