Q2 earnings

XPO Logistics, Inc. (NYSE: XPO) reported Thursday a year-over-year decline in second-quarter revenue, and scaled back its top-line forecast for the year due to the impact of lower truckload brokerage rates and unfavorable currency swings. At the same time, XPO posted a 10.7 percent margin increase...

Chattanooga-based truckload (TL) carrier U.S. Xpress (NYSE: USX) reported adjusted earnings per share of $0.06, worse than the consensus estimate of $0.12. USX reported operating revenue of $413.9 million for the quarter, an 8 percent decline year-over-year. Revenue excluding fuel surcharge was...

On today's FreightWaves NOW it's tech Thursday Lincoln Duff talks to us about Lyft and their battery problem. While Dean Croke talks to carriers and what to look for in Q3.

Japanese shipping behemoth Mitsui O.S.K. Lines (MOL) (JPX: 9104) increased operating profit and "profit attributable to owners" but its revenues took a huge dive in the first quarter of the Japanese financial year. In the three months April to June 2019, MOL recorded revenue of 283,147 million...

Trimble's (NASDAQ: TRMB) second quarter 2019 earnings were basically in line with analyst expectations. The company reported diluted earnings per share (EPS) of $0.53, $0.01 short of estimates and $0.02 higher than the second quarter of 2018. The company attributed the slight year-over-year...

There’s an old saying that the market is a greedy beast and always wants more. Proof of that might be yesterday’s session, when stocks cratered despite the Fed lowering interest rates. The problem? Many investors wanted the Fed to signal the start of a prolonged rate-cutting cycle, not...

After the rate cut from the Fed yesterday, equity index futures are up ahead of a long day of earnings. Some of the names reporting today are Wayfair Inc (NYSE: W) in the premarket, and Etsy Inc (NASDAQ: ETSY), Pinterest Inc (NYSE: PINS), and Square Inc (NYSE: SQ) in the...

After a decade without cutting interest rates, the Fed announced a quarter-point easing Wednesday and also ended its balance sheet reduction program earlier than expected.  However, stocks fell sharply after the decision, possibly because in its post-meeting statement and press conference, the...

Swiss third-party logistics provider Ceva Logistics (CEVA.SW) reported weak first-half 2019 financial results on July 30, weighed down by a slowing global economy, difficult conditions in the automotive sector, and unfavorable currency swings due to the translation of earnings into a stronger U.S....

Semi-trailer builder Wabash National Corporation (NYSE: WNC) on Wednesday, July 31, reported all-time record second quarter revenue and its strongest operating margin in two years. Wabash, which also makes liquid tankers, said net sales for the period ending June 30 rose 2 percent to $626 million...

The forwarding and logistics company DSV had earnings before interest and tax (EBIT) of 1.63 billion Danish kroner (DKK) in the second quarter of 2019. (About $243 million at today's exchange rate of about $1 to 6.7 DKK.) That's a 4.1 percent improvement from the same period in 2018. Adjusted...

Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the second quarter of 2019. Headquartered in Johns Creek, Georgia, the less-than-truckload (LTL) carrier reported an 8.3 percent increase in revenue to $464.2 million and a 23.1 percent jump in its operating...

C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) the largest North American third-party logistics provider (3PL), reported its second quarter financial results today, July 30, after markets closed. Robinson posted diluted earnings per share of $1.22, up 8 percent, but just above Wall Street's $1.21...

Lufthansa Cargo posted weak earnings for the first half of 2019, citing lower economic growth and trade conflicts for its lackluster performance. The company posted an 88 percent fall in adjusted earnings before tax and interest (EBIT) year-over-year. Germany-based Lufthansa Cargo is a wholly...

If there’s a “third rail” for Wall Street, it’s anyone mentioning 2008. That was the year stocks crashed, and also the last time the Fed cut rates.  Things couldn’t be more different now, with major indices at record highs and the U.S. economy showing plenty of...