After the U.S. Postal Service deemphasized last-mile delivery service for parcel consolidators, the new chief now says workshare partnerships are a path to revenue growth.
To view more FreightWaves infographics, click here
To view more FreightWaves infographics, click here
Daily Russian Fossil Fuel Revenues Still at $500 million
Record cargo revenue motivates investment in dedicated aircraft, cold storage and IT systems
Domestic headwinds were balanced out by an international expansion as DoorDash stock popped 10% in post-market trading.
The online payment platform boosted its outlook for total payment volume, but guidance was largely unchanged.
E-commerce and shipping solutions provider Pitney Bowes reported “the highest modern-day, organic growth rate on record.”
To read the full article, click here.
The key metric “net revenue per truck per week” is explained by Chris Henry.
Learn from the most trusted names in the industry as they share the five steps to improve RFP win rates.
Delphi Technologies (NYSE: DLPH) beat Wall Street’s consensus expectations of its fourth quarter non-GAAP earnings per share (EPS) of $0.88 by 20 percent according to Seeking Alpha. However, quarterly EPS decreased 14.5 percent year-over-year (Y/Y) from $1.24 to $1.06.
Targa Resources Corp. (NYSE: TRGP) missed Wall Street’s fourth quarter consensus revenue expectations of $2.74 billion. The company’s revenue decreased nearly 3.9 percent year-over-year (Y/Y) from over $2.7 billion to nearly $2.6 billion.
Shares of Cummins Inc. (NYSE: CMI) decreased by $0.47 on February 6 after the company missed the consensus expectations of fourth quarter earnings per share (EPS) of $3.81 by 8.6 percent, according to Seeking Alpha. Non-GAAP EPS was only $3.48.
The first week of 2019 saw three of America’s largest companies announce revenue expectation reductions, signaling a potential cooling of the U.S. shipping market.
Manufacturing leads first-party logistics growth because of the sector’s long-established supply chains. Retail is the next-largest contributor to first-party logistics growth through the impact of e-commerce.
Uber and Lyft saw a steady growth in revenue this quarter, as they continue to invest heavily in mobility sharing segments, with Uber forking out into food delivery and truck hauling segments as well.
Tolls once graced Connecticut highways until the mid 1980s, but the state is now looking at bringing them back to increase revenue. The state trucking association says it is the wrong approach.
Covenant Transportation Group (NASDAQ: CVTI) reported a total revenue jump of 19.5 percent to $196.3 million in the second quarter of 2018 during its earnings call Thursday. The company also posted a 17.2 percent increase in freight revenue to $170.6 million year-over-year.
It will literally take an act of Congress to right the sinking USPS ship. Even heavy attrition and solid growth in packages and shipping can’t stop the losses.
President Trump issued his broad goals for infrastructure, but encouraged private investment over public
In these polarized times, one thing it seems everyone wants to see is improved roads and bridges. And to no one’s surprise, the devil is in the details.
Chances are pretty good you got into trucking to make money. Some carriers, though, continue to suffer through lean year. They are always running short of money, and can never seem to get ahead. Their problem may be their hauling rate.
