Business

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.

Ari Ashe | Staff Reporter
August 8, 2017

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.

Ari Ashe | Staff Reporter
August 2, 2017
Business

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.

Ari Ashe | Staff Reporter
August 2, 2017
Business

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.

Ari Ashe | Staff Reporter
August 1, 2017
Business

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.

Ari Ashe | Staff Reporter
July 28, 2017
Business

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.

Ari Ashe | Staff Reporter
July 28, 2017
Business

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.

Ari Ashe | Staff Reporter
July 28, 2017
Business

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.

Ari Ashe | Staff Reporter
July 27, 2017
Business, Logistics

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.

Ari Ashe | Staff Reporter
July 27, 2017
Business

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.

Ari Ashe | Staff Reporter
July 27, 2017