Short-seller blasts XPO’s accounting, management practices in 69-page report

Short-seller blasts XPO’s accounting, management practices in 69-page report

XPO Logistics has disputed the content of a report from Spruce Point Capital Management, a noted short-seller of stocks, that claims XPO has “perpetuated a massive financial scheme on the public.”

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Ryder reports record third quarter revenues, growth across all segments

Ryder reports record third quarter revenues, growth across all segments

Ryder System (NYSE: R) reported record total revenue and record operating revenue for the third quarter. Both total and operating revenue grew across all business segments, which the company attributed to new business and higher volumes.

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Old Dominion’s Q3 results: best in class LTL and getting better

Old Dominion’s Q3 results: best in class LTL and getting better

OD’s top line revenue grew 21.2% year over year to $1.06B and earnings per share swelled 71% to $2.12. Even more impressively, Old Dominion achieved a 78.4% operating ratio, a company (and possibly industry) record and 280 bps improvement over Q3 2017.

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Daimler Trucks buoys Daimler AG earnings on strong North American sales

Daimler Trucks buoys Daimler AG earnings on strong North American sales

Daimler Trucks sold more vehicles in quarter three than a year ago, but its parent company, Daimler AG saw revenue flat for the third quarter at $45.8 billion (40.2 billion Euros).

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Knight-Swift stock has room to run after 3Q earnings beat

Knight-Swift stock has room to run after 3Q earnings beat

Knight-Swift Transportation reported strong earnings on Wednesday, and it was immediately met with praise from Morgan Stanley analyst Ravi Shanker, who wrote in a note that the company’s stock is a “relative buy, at worst, in our view.”

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