Daimler Truck Reports 4% Revenue Decline in Q2
The German truck manufacturer posted a net profit of $860 million, or $1.01 per share, for the three months ending June 30.
Continental Gains After Car-Parts Returns Turn Positive
Continental AG shares rose after improving returns at its struggling car-parts unit, which the German company may spin off in its biggest-ever restructuring.
Rivian Holds to Annual Production Goal Unchanged Since 2023
Rivian maintained its full-year vehicle production target and profit-making goal, a sign the electric vehicle maker is filling orders on schedule after retooling its assembly lines.
GXO Logistics Reports 19% Revenue Surge in Q2 2024
GXO Logistics saw revenue grow 19% in the second quarter of 2024 to $2.85 billion. However, the contract logistics firm reported a drop in net income to $39 million from $66 million in 2023.
Caterpillar Says 2024 Profits Will Be Higher Than Expected
Caterpillar said its annual profit will probably be higher than previously expected, as the company reported Q2 earnings that showed resilience despite worries about the global economy.
Uber Beats Expectations as Rideshare Demand Remains Strong
Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.
CSX Profit Slips Amid Baltimore Bridge Collapse Response
CSX railroad’s second-quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports.
ArcBest Q2 Profit Climbs on LTL Margin, Price Increase
Profit at ArcBest rose 16.1% year over year in the second quarter as an improvement in less-than-truckload revenue per shipment and an increase in prices trumped a decline in shipments.
Hub Group Misses Analyst Expectations on Weak Q2 Market
Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.
Cummins Q2 Profit Rises on Higher Generator, Engine Sales
An increase in sales of power generators and heavy-duty truck engines boosted profits at Cummins Inc. in the second quarter of 2024, the company said Aug. 1.