Expeditors Sees Profit, Revenue Fall in Q1; Workforce Remains Intact
Global disruptions created by the coronavirus pandemic depressed profits and revenue at Expeditors International in the first quarter.
Americold Sees Surge in Q1 Profits, Revenue
Refrigerated warehouse operator Americold Realty Trust saw revenue and profits jump in the first quarter as its storage and distribution network played a key role in supplying a surge in grocery demand in response to the coronavirus pandemic.
ArcBest Records 61% Decline in Q1 Net Income
ArcBest Corp. reported a drop in revenue and profits for the first quarter, and business took a turn for the worse at the beginning of the second quarter amid the coronavirus pandemic.
Tesla Delays First Deliveries of Electric Semi to 2021
Tesla Inc. pushed back first deliveries of its Semi commercial tractor into next year, making the truck two years behind its original schedule.
XPO Profits, Revenue Fall in Q1
First-quarter profits and revenue at XPO Logistics Inc. declined as the effects of the coronavirus pandemic took a toll on the less-than-truckload carrier and logistics company in March.
Hub Group Posts Dips in Revenue, Net Income in First Quarter
Hub Group reported double-digit declines in profits and revenue during the first quarter as it saw a drop in intermodal revenue and a decrease in its truck brokerage business.
C.H. Robinson Q1 Profits Fall, Revenue Rises
C.H. Robinson Worldwide’s first-quarter profit declined by more than half as pricing pressure impacted revenue for its truckload operations.
Saia Sets Records for Revenue, Operating Income in Q1
Saia Inc. reported record operating income and revenue for the first quarter but saw business take a downturn late in the period.
Yokohama, Continental Resume Tire Production
Two tire manufacturers that had suspended production due to the COVID-19 crisis have restarted their factories.
Deployment of Hydrogen Fuel Cell-Powered Trucks Will Require Fueling Networks, Clear Business Cases
A hydrogen-powered commercial truck built by Hyundai was set to begin hauling groceries in Switzerland in April, representing the first of 1,600 fuel cell electric trucks that the manufacturer plans to put on highways in the Alpine nation by 2025.