FedEx Reports Mixed Earnings; Leadership Cites Impact of Coronavirus
FedEx announced March 17 that year-over-year quarterly net income for its fiscal third quarter fell 57% to $315 million, compared with $739 million in the same period a year ago. But Q3 revenue rose 3% to $17.5 billion from $17 billion a year ago.
Home Depot’s Same-Store Sales Surge in Q4
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales.
Knight-Swift Sees Profit, Revenue Fall for Q4, Year
Knight-Swift Transportation Holdings Inc. saw earnings and revenue fall in the fourth quarter as it faced greater competition and an oversupply of truckload capacity in its key market.
Schneider Q4 Earnings Miss Wall Street Expectations
Schneider National Inc. reported Jan. 29 that fourth-quarter 2019 and yearly financial numbers declined when compared with 2018’s record year.
J.B. Hunt Reports Net Income Growth of 5.4% for 2019
J.B. Hunt Transport Services Inc. on Jan. 17 reported gains in net income and operating revenue for the fourth quarter of 2019 and for the full year.
PowerFleet Revenue Jumps 26% in Q3
PowerFleet Inc. reported revenue increased to $16.9 million, a 26% jump from $13.4 million in the third quarter of 2018. The revenue was a record for any quarter, the technology company said.
November 12, 2019Titanium Reports Softer Q3 Earnings
Titanium Transportation Group was profitable in the third quarter of 2019, but earnings were below 2018’s strong numbers.
Navistar Posts Q3 Revenue Gains as Market Share Rises
Navistar International Corp. reported fiscal-year, third-quarter net income fell amid higher revenue and rising market shares.
Lyft Gains as Analysts Say Results May ‘Win Over Skeptics’
Lyft Inc.’s second-quarter results blew past market estimates and won accolades from Wall Street, as analysts said they now see a clearer path to profitability and a “more rational competitive environment.”
U.S. Xpress Posts Steep Drop in Net Income in 2Q
U.S. Xpress Enterprises reported a steep drop in net income in the second quarter of 2019, with a posting of $2.9 million for the period ended June 30.