Expeditors International Profits Slip 6.2% in 2Q, But Just Beat the Forecast
Expeditors International of Washington Inc. announced profits slipped 6.2% in the second quarter, echoing the trend across the third-party logistics industry.
XPO Net Income Sets Record; CEO Eyes Major Acquisitions in US, Europe
XPO Logistics reported that profits increased 11% in the second quarter, setting new records in net income and revenue on the back of growth in last-mile e-commerce and contract logistics.
Heartland Revenue Drops About 20%, Profits Down 11%, but CEO Remains Optimistic
Heartland Express Inc. reported that profits slipped 11% year-over-year after a significant decline in revenue, excluding fuel surcharges, due to shorter hauls during the second quarter.
Schneider Second-Quarter Profits Rise 5.2% Over Year Ago
Schneider reported that profits in the second quarter increased 5.2% compared with a year ago, beating the Bloomberg News consensus forecast on net income and earnings per share.
West Coast Dockworkers Likely to Ratify Three-Year Contract Extension
Longshoremen on the West Coast are poised to ratify a three-year extension to the collective bargaining agreement with the port authorities and terminal operators in California, Oregon and Washington.
LTLs ArcBest, Saia Echo Old Dominion’s Strong Second-Quarter Results
ArcBest Corp. and Saia Inc. followed Old Dominion Freight Line Inc. in producing impressive second-quarter results among less-than-truckload fleets.
Bright Outlook for Industrial Sector, Economists Say at Summit
Business conditions have rebounded in 2017 for companies involved in manufacturing and commodities, and the outlook remains positive for the industrial sector, according to economists at the inaugural American Trucking Associations Economic Summit.
Hurt by Charge for Con-Way Freight Deal, TFI Loses Money in Second Quarter
TFI International, the Montreal-based truckload carrier, reported a $75 million operating loss in the second quarter, cautioning investors that the results included a $128.9 million noncash goodwill impairment charge related to the difficult U.S. truckload market and the purchase of the old Con-way Freight truckload unit from XPO Logistics last fall.
Echo Suffers Losses for Third Straight Quarter
Echo Global Logistics set a new record on July 27 after failing to make a profit for the third consecutive quarter, which hasn’t happened once since the company went public in mid-2009.
Old Dominion Begins LTL Earnings Season on High Note, Profits Up 21% in 2Q
Old Dominion Freight Line Inc. kicked off the less-than-truckload quarterly earnings reports on an impressive note with a 21% rise in profits.