Lyft shares rise as firm reports strong Q2 active rider numbers
Ride-hailing giant Lyft reported earnings for the second quarter after the bell Thursday.
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.