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Out of the shadow of Mercedes-Benz cars, independent Daimler Truck showed financial resilience despite supply chain headwinds.
The railcar manufacturer sees elevated scrapping levels and higher leasing rates.
Higher diesel prices also mean higher costs for empty miles.
EPS comes in below estimates as FedEx Ground’s operating income declines.
The quarterly report of the brokerage industry’s leading trade group shows that 3PLs did only slightly better in the rip-roaring freight market of the fourth quarter.
J.B. Hunt announced plans to expand its intermodal container count to 150,000 units in efforts “to substantially improve capacity” as part of a joint initiative with BNSF Railway.
“Africa remains an important strategic growth market. Particularly for our service offering from and to South Africa, DAL is a valuable addition, allowing us to offer our customers a better network and additional port coverage in this region,” said Hapag-Lloyd CEO Rolf Habben Jansen.
A Wednesday update from less-than-truckload carrier Yellow Corp. showed volume trends worsened in February on what was supposed to be an easy year-over-year comp.
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
ArcBest reported Friday that the favorable revenue trends logged in the fourth quarter have continued through the first two months of the first quarter.
First-quarter updates from Old Dominion and Saia show LTL carriers are off to another strong start.
Kuehne + Nagel is the biggest air and ocean logistics provider and it’s pushing the right buttons for fast growth.
BMO’s detailed release of its transportation group statistics provide a good look at how the trucking industry is doing.
Despite a 3% decrease in overall volumes, BNSF’s net income was $1.7 billion for the fourth quarter of 2021.
Management from cold storage warehouse operator Americold addresses concerns about decelerating trends and a soft 2022 outlook.
Electric truck maker Nikola projects it will build 300-500 battery-electric trucks this year and post up to $150 million in revenue.
Multiple fleets placed deposits for 100 extended-range Hypertruck ERX units as Hyliion Holdings declared it has enough money for a late 2023 launch.
Expeditors announced its earnings while it is in the midst of a cyberattack.
Canada’s largest airline produced its best cargo results ever as the passenger business begins to show signs of sustained recovery.
Railcar leasing could be on the upswing for a number of car types, executives for railcar lessor Trinity Industries said during the company’s fourth-quarter 2021 earnings call on Thursday.
Atlas Air has a huge freighter fleet to help take advantage of shipper interest in air transport and is adding more planes this year.
Food delivery platform DoorDash reported mixed earnings for Q4 2021 and FY2021 after the bell on Wednesday.
Adjusted earnings per diluted share increases 20.4% to $1.18.
E-commerce platform Shopify said a lack of government stimulus will hold down revenue growth in 2021.
The fourth-quarter average sales price for used tractors and trucks at Ryder was up more than 100%.
After last year’s historic run-up, factories are producing fewer containers and pricing of new boxes is down.
Strong revenue and EPS numbers spark an after-hours share rally.
Digital broker Transfix posted record results for 2021. The company’s public listing is on track for the second quarter.
Management from Radiant Logistics said it has several levers at its disposal to boost the company’s valuation.
Universal Logistics inks a record year despite challenges. Implied 2022 earnings guidance surprises to the upside by 20%.
Korean Air’s cargo division is propping up the entire airline with passenger traffic still underwater.
TuSimple says its autonomous trucking software is “feature complete” and it will expand driverless trucking beyond a pilot program.
With Transplace now in the fold, Uber Freight’s revenue topped $1 billion for the last three months of 2021.
Forward Air head Tom Schmitt was bullish about the company’s prospects on a call with analysts Thursday. Forward is already on track to achieve recently issued 2023 targets ahead of schedule.
The Variant initiative is not yet showing signs of turning the company around.
The LTL segment remains a work in progress, but analysts are confident that Jacobs & Co. can turn it around.
In its earnings report for Q4 2021 and FY2021, Uber revealed that its delivery segment once again brought in more revenue than its core mobility business.
COVID container boom continues: Maersk may earn even more this year than in record-trouncing 2021.
Trimble expects organic revenue growth in 2022, despite the ongoing impact of constrained supply chains across the global economy.
Record earnings per share of $2.48 beat analysts’ estimates.
High scrapping rates and aging fleets provide support for railcar manufacturing as the company anticipates 2022 financial results that won’t be “obscured by restructuring activities.”
The ride-hailing giant has struggled to turn a profit over the years, but that finally changed in 2021.
“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.
XPO Logistics has issued 2022 guidance and vows to fully right the LTL segment’s operating ratio by midyear.
TForce Freight pickup and delivery drivers will be driving less and taking on more freight as TFI International pushes efficiency in its U.S. LTL operation, says TFI’s CEO.
The U.S. Postal Service reported a widening net loss in the fiscal 2022 first quarter due to higher compensation and benefits costs. Transport costs rose 9% due to higher fuel expenses.
USA Truck beats fourth-quarter expectations and plans to grow revenue through expanding capacity east of Interstate 35 and doubling logistics business.
The LTL carrier has ambitious plans for growing its footprint over the next two years.
Werner Enterprises beat fourth-quarter expectations and announced plans to grow revenue by 10% on average over the next five years.
USA Truck Inc. rode a robust freight and pricing market to revenue of $200.9 million and earnings per share of $1.38 during the fourth quarter.
Shares soar 18% in after-hours trading as investors hail fourth-quarter performance.
Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.
Supply chain challenges and higher material costs dented profits, but Cummins Inc. posted record revenues in 2021.
The truckload carrier’s OR is one of the best in the industry but it’s being done on a smaller base of business.
Less-than-truckload carrier Yellow Corp. reported better-than-expected adjusted fourth-quarter results Wednesday after the market closed.
Wabash retires its legacy brands to focus on the company name as its swollen backlog all but closes 2022 order books except for multiyear purchases.
Less-than-truckload carrier Old Dominion raised its long-term margin target when it released better-than-expected fourth-quarter earnings Wednesday.
Saia’s operating ratio was up more than 500 basis points in Q4 2021 compared to the final quarter of 2020.
Despite strong revenue growth, freight broker productivity fell sharply.
UPS posted its best quarterly operating profit in its history. It also declared a 49% dividend increase.
ArcBest raised long-term expectations Tuesday in conjunction with its fourth-quarter results, which were better than expected. The company now eyes doubling its size by 2025.
ArcBest on Tuesday reported fourth-quarter results, which once again outpaced analysts’ expectations.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
Volvo Trucks pulled out the stops to deliver in Q4, but it cost extra for expedited shipping and to navigate parts shortages.
A Mexican government crackdown has shifted volumes of refined products to truck instead of rail. But KCS hopes for that traffic to return to rail, according to executives.
Any concessions that CP would consider as it seeks federal approval to merge with Kansas City Southern must be “reasonable” and grounded in supporting competition, CP said during its fourth-quarter 2021 earnings call late Thursday.
Covenant Logistics Group said revenue for the second half of 2022 could be impacted by wage pressures and higher equipment and over-the-road repair costs.
The Chattanooga, Tennessee-based truckload carrier said the outlook is for continued operational progress during 2022.
Freight broker Landstar closes 2021 with another beat-and-raise quarter. Demand has yet to buck normal seasonal trends, indicating the first quarter will be strong as well.
NS plans to roll out an operations program that will progress beyond precision scheduled railroading, according to executives speaking on NS’ fourth-quarter 2021 earnings call.
Knight-Swift Transportation reported another big quarterly result Wednesday. However, it appears the stretch of rapid growth will moderate as the comps have stiffened.
Canadian railway CN eyes volume growth from vaccine mandates and grain, and it expects higher volumes in the second half of 2022.
The railcar leasing market for 2022 feels more solid than past years, executives said Tuesday during GATX’s fourth-quarter 2021 earnings call.
Less-than-truckload carrier Saia announced a 7.5% general rate increase Tuesday. The carrier was the latest to announce rate hikes greater than the normal mid-single-digit increases.
Marten’s labor and purchased transportation costs were higher in 2021 but were more than offset by rising revenue.
Management from the nation’s largest flatbed operator, Daseke, says the demand backlog extends for “the foreseeable future.”
Paccar Q4 new truck deliveries were up 45% over Q3, suggesting some easing of supply chain disruptions and semiconductor shortages.
Triumph’s CEO Graft is not holding back, likening the automated deals to the invention of the telephone in terms of technical significance.
CSX has been hiring more aggressively not only to meet anticipated market demand but to safeguard against COVID-19-related absences, according to executives on its fourth-quarter 2021 earnings call Thursday.
UP’s capital expenditures plan for 2022 includes investments to intermodal terminals and intermodal ramps, executives said during the company’s fourth-quarter 2021 earnings call Thursday.
Among the major U.S. passenger carriers, United Airlines was the big winner in cargo performance during 2021.
FreightWaves reports very positive financial performance in 4Q 2021.
Heartland Express announced 2021 was its best year since going public. Fourth-quarter results were in line with consensus.
P.A.M. Transportation Services finished 2021 on a high note, posting another large earnings beat during the fourth quarter.
It’s a sign of the supply chain times when customers are renting entire planes from United Airlines to haul low-value commodities like mayonnaise.
Prologis provided better-than-expected 2022 guidance on Wednesday, citing the expectation that demand will continue to outpace logistics real estate additions during the year.
Logistics real estate investment trust Prologis issued 2022 guidance ahead of expectations on Wednesday.
J.B. Hunt Transport Services beat fourth-quarter expectations. Visibility into 2022 remains murky but management is calling for continued growth.
J.B. Hunt’s fourth quarter comes in ahead of consensus as the intermodal, brokerage and truckload divisions see notable year-over-year improvements.
Delta Air Lines is on the path to recovery from the depths of the coronavirus pandemic, but omicron remains a hurdle.
Following numerous transportation and logistics deals in 2021, industry insiders discuss lofty expectations for 2022.
The year 2023 and beyond could boost railcar production volumes for Greenbrier as global low-carbon mandates drive freight to rail, say Greenbrier executives.
Supply chain visibility provider project44 sees record top-line growth during the fourth quarter, with bookings, account wins and retention coming in better than expected.
Schneider became the latest truckload carrier to bolt on a fleet. The company announced Tuesday the $263 million acquisition of dedicated carrier Midwest Logistics Systems.
The LTL carrier’s debt at the end of the third quarter was higher than a year earlier, but Moody’s is optimistic in making its upgrade.
Several asset-based carriers changed their course through M&A in 2021.
FedEx’s Express and LTL units delivered solid performances, while the bottom may have been hit at its Ground unit.
Volume and yield gains powered the Express and LTL units, while staffing shortages and operating inefficiencies continued to hurt the Ground unit.
Less-than-truckload carrier Yellow Corp reports the weakest revenue trends out of the public carriers providing fourth-quarter updates.
Forward Air’s initiative to upgrade its freight mix to a heavier class of premium cargo was evident in November results.
