Q2 earnings

USA Truck (NASDAQ: USAK) blames a softer freight environment, declining spot rates and unrealized bid awards for its lower-than-expected second-quarter results.  The latest financial news comes just three months after the company posted its most profitable first-quarter results since 2006 in late...

Werner Enterprises Inc. (NASDAQ: WERN) reported non-GAAP adjusted earnings per share of $0.63, $0.01 shy of the consensus estimate, but $0.02 better than last year's report. One of the nation's largest transportation and logistics companies, Werner reported revenue of $627.5 million, up 1 percent...

On this LIVE Backhaul edition of What The Truck?!? market expert Kevin Hill hosts with Dooner as they breakdown earnings, ecom, and all the latest headlines including news about Tesla, Boeing, UPS, and the carrier and fright market. Want to watch the show? Subscribe to FreightWaves YouTube,...

Powertrain supplier BorgWarner Inc. (NYSE: BWA) reported lower second-quarter sales and income Thursday (July 25). It reduced second-half expectations because of volatile conditions for passenger vehicles, especially in China.  The Auburn Hills, Michigan-based maker of hybrid, electric and...

Southwest Airlines Co (NYSE: LUV) posted second quarter adjusted earnings of 70 cents per share, beating Wall Street estimates of 61 cents per share. The small profits for Dallas-based Southwest Airlines came despite reporting a $175 million operating loss due to canceled Boeing 737 MAX flights,...

Google-parent Alphabet Inc. (NASDAQ: GOOG), a tech giant trailing the broader market, reports quarterly earnings after the closing bell July 25. Perhaps investors may get some fresh news to give the stock more momentum after a sluggish quarter these past few months. Several Wall Street...

U.S. rail volumes fell yet again for the week ending July 20, according to data from the Association of American Railroads. Total U.S. rail traffic fell on both a weekly and year-to-date basis compared to the same periods in 2018. On a year-to-date basis, U.S. rail volume totaled 14.98 million...

Less-than-truckload (LTL) carrier Old Dominion Freight Line, Inc. (NASDAQ: ODFL) on Thursday posted record quarterly revenue, earnings per share and operating ratio in its second quarter despite year-on-year declines in tonnage, volume and average shipment weight, as its renowned yield management...

For most of the 21st century, next-day air deliveries in the U.S. have wallowed in the transport dustbin, considered an expensive relic of the past as businesses migrated to lower-cost, short- to intermediate-haul ground alternatives. Now in mid-2019, the skies have become – shall we say it – chic...

Mullen Group (TSX:MLN) delivered a better-than-expected second quarter despite weaker freight volumes.  The Canadian transportation and oil services firm reported that net income increased by 6.1 percent to C$15.5 million (the Canadian dollar equals US$0.76), while revenue increased by 7.9 percent...

Landstar System, Inc. (NASDAQ: LSTR) reported second quarter earnings per share (EPS) of $1.53, in-line with analyst expectations and $0.02 higher than the 2018 second quarter. However, this result was worse than the company's initial second quarter 2019 guidance, which called for truck revenue...

Tesla Inc (NASDAQ: TSLA) stock declined 10 percent in extended trading on Wednesday, July 24 after the company released second quarter results that missed analysts' expectations.  Analysts projected revenue of $6.4 billion, and earnings per share of 40 cents, according to Refinitiv. Instead Tesla...

Earnings season can feel like a Category 5 hurricane, and right now we’re entering the eye of the storm. Hundreds of firms have rained down financial data upon eager investors, and there are hundreds more still to follow. To predict whether the current climate of strong corporate growth will...

Total company revenue for Trinity Industries (NYSE: TRN) grew 16 percent to $736 million in the second quarter amid revenue gains for its rail product group. Operating profit for the railcar lessor and manufacturer rose to $107 million in the second quarter of 2019 compared with $88 million in the...

Echo Global Logistics (NASDAQ: ECHO) reported second quarter earnings on July 24 after markets closed. A soft freight environment against especially tough comparisons meant that Echo's gross revenue dropped 12.8 percent year-over-year to $553.8 million, and earnings per share fell 31.3 percent year...