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.
