FedEx Earnings Take a Hit as International Shipping Slows
FedEx Corp. reported higher revenue but lower profits in the third quarter of fiscal 2019 and cut its earnings forecast for the remainder of the year.
XPO Logistics Reports Disappointing Earnings
XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.
Echo Global Logistics Posts Record Revenue, Higher Profits in 4Q
Echo Global Logistics posted record revenue and higher profits in the fourth quarter of 2018 as strong freight demand boosted demand for freight brokerage services and more shippers outsourced freight management activities.
Volvo Reports Mixed 4Q Results
Volvo Group reported fourth-quarter revenue rose as net income fell, while higher worldwide truck orders and deliveries increased both revenue and net income for the full year.
UPS Exceeds Expectations With Strong 4Q Earnings
UPS Inc. reported fourth-quarter earnings that beat Wall Street expectations, the package delivery company reported Jan. 31.
C.H. Robinson Worldwide 4Q Revenue, Profits Beat Analysts’ Estimates
Freight broker and produce distributor C.H. Robinson Worldwide turned in better-than-expected financial results in the fourth quarter of 2018, posting strong gains in revenue and higher profits across nearly all of its business lines, easing concern from some investors about a deceleration in freight shipments in the year ahead.
FedEx Reports Strong 2Q Earnings
FedEx Corp. reported a 20.6% increase in net income in its fiscal second-quarter financial results released Dec. 18.
Titanium Transportation Revenue Increases 42% in Third Quarter
Dry van, flatbed and specialty equipment company Titanium Transportation Group Inc. reported revenue of C$44.8 million in the third quarter of 2018, compared with $31.5 million in the same period last year, representing a 42% year-over-year increase.
Daseke’s Acquisition Strategy Key as 3Q Revenue Hits Record $461.6 Million
Flatbed and specialized carrier Daseke Inc. reported Nov. 6 that third-quarter revenue increased 99% to $461.6 million, compared with $231.3 million in the same period last year.
Schneider’s Profits, Revenue Higher in Third Quarter
Schneider National Inc. reported higher revenue and profits in the third quarter, but not all of its business units shared in the bounty.