Manhattan Associates stock pops on an earnings beat and a guidance raise. Management brushed back concerns around tariffs, Brexit and other potential geo-political concerns as potential risks to its new targets.
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.
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.
P.A.M. Transportation Services reported “best second quarter operating income on record”, but signaled future margins may be challenged.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
Cummins Inc. announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend.
GBX management explains soft guidance and provides outlook for sequential earnings improvement.
GWR acquired in $8.4 billion deal that many investors view as the plan all along.
Celadon Group announces a credit facility amendment which extends the maturity date and increases lending capacity.
WABCO announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen.
Donald Broughton writes the second part of his look at the Gross Domestic Product (GDP) and how transportation professionals can tweak GDP numbers to better understand and forecast the business environment they are competing in.
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.
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.
While the degradation was seen across most sectors, the transports are seeing outsized declines.
Other Bets revenue, primarily consisting of Uber Freight, increased 263 percent year-over-year to $145 million.
Celadon entered into the seventeenth amendment of its credit facility to provide the company with liquidity through June 28, 2019.
