Company Earnings

Lowe’s sees positive sales comps in 14 of 15 regions, but full-year fiscal 2020 guidance disappoints.

ORBCOMM lowers full-year 2020 guidance given recent coronavirus developments.

The Home Depot continues to report record sales growth on the back of a “very strong” consumer.

Higher fuel sales and restoration of the federal tax credit for biodiesel blending boosted the bottom line. However, operating margins continued to be under pressure and the travel center operator borrowed money to cover general expenses.

Lower operating expenses helped buoy BNSF’s quarterly and annual profits despite declines in rail volumes and revenue.

Higher margins from completed vehicles help offset hit from GM strike as Canadian auto manufacturer warns of potential impact of coronavirus.

Americold sees “lots of occupancy opportunities” for cold storage moving forward.

The rail equipment manufacturer and lessor is reducing deliveries of new railcars at the start of 2020, but it’s eyeing an improving market later this year.

Atlas Air had a difficult year in 2019, but has made some tactical decisions to turn around its financial performance.

Heavy-duty transmission maker Allison reported lower sales and profits across its product line with its North America on-highway business the sole exception.

Outlook of world’s largest container line hinges on timing of coronavirus containment.

The rail equipment manufacturer and lessor managed to increase quarterly revenues despite a slump in North American railcar demand.

Headwinds from one-time expenses, geopolitical tensions in Asia and the grounding of Boeing 737 MAX aircraft kept Air Canada from growing profits in line with stock market expectations.

Asian refineries suddenly have too much gasoline, diesel and jet fuel. Buyers in the West are taking the overflow, a plus for product tankers.

Declines in Cass data accelerate but report calls for rates to inflect higher in 2020.

The second half of 2020 is shaping up to be either very good or very bad for dry bulk shipping.

EXPD earnings fell 23% year-over-year; management cited the business cycle and warned about Q1 coronavirus impacts.

Walmart’s fiscal fourth quarter comes in light of expectations as holiday activity was lower than expected.

Old Dominion Freight Line announces a 4.9% general rate increase after reporting market stabilization in January.

Into its second decade of existence, Daseke pumps the brakes on acquisitions and attempts to streamline all that it has bought.

Record fourth quarter revenues were spoiled by $118 million in extra depreciation costs.

Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.

Recent changes in electronic logging device mandates put a hit on the company’s bottom line in 2019 — and probably in 2020.

Rush Enterprises Inc. (NASDAQ: RUSHA), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 […]

Acquisitions and strong less-than-truckload performance help bring record revenue to Mullen Group’s trucking and logistics business and offset declines from its struggling oil services.

Canadian e-commerce company sticks to measured approach to building out its U.S. fulfillment network after reporting nearly 50% jump in sales.

Truckload carrier heads talk demand, rates and capacity at investor conference.

Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.

The response from CEO Jacobs is always the same: Splitting it up will achieve better shareholder value.

North America propped up Daimler Trucks sales and earnings in 2019 as lower European and Asian volume, along with restructuring costs and settling emissions-cheating allegations dragged the industry leader’s results lower.

Radiant Logistics reports a 25% slowdown in its last calendar quarter of 2019.

Many measures of activity were weaker but the bottom line improved.

Canadian transportation company delivers impressive performance in weak freight market as it finishes 2019 with 20% increase in operating income on strength of its truckload and logistics businesses.

Many freight and logistics providers have reported weak earnings in the past few weeks. Due to the current operating environment, these totals were expected and investors have begun buying into the second half recovery story.

FLEETCOR Technologies, Inc. (NYSE: FLT), a fuel-card and business-payments provider, announced fourth-quarter 2019 adjusted earnings per share (EPS) of $3.17, 14% higher year-over-year and $0.03 better than the consensus estimate. […]

Full year net income set a record; CEO speaks highly of rail operations

A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.

Company posts expected $8.6 million profit as intermodal helps offset declines from trucking and other divisions as new CEO looks to better performance in 2020.

U.S. Xpress sees a path to improved profitability in 2020 and beyond. These were just some of the highlights provided on the carrier’s earnings call.

It has become even harder to determine what the prevailing bulk ocean freight rate really is.

U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.

Persistent industrial weakness sends Old Dominion’s fourth-quarter results down

Werner’s management team is still pointing to a truckload recovery in 2020 but noted that the first half will be a challenge.

Echo protected its margins and issued positive guidance for Q1 and 2020.

Manhattan Associates says demand for cloud-based supply chain services remains robust and led to a record peak season.

YRC posts weak fourth-quarter, hampered by bad economy

Engine maker Cummins already was predicting a difficult 2020 before the outbreak of the coronavirus in Wuhan, China, where Cummins’ manufacturing operations are shuttered.

Power management company Eaton Corp. missed analyst estimates in the fourth quarter, partially because of weakness in the automotive sector and a $50 million warranty charge.

Nippon Cargo Airlines’ parent company is taking a $144 million charge against earnings.

Saia’s q4 EPS comes in light. Operating income, operating ratio hit by higher expenses on multiple fronts

The message is now pretty clear: that the rule hasn’t hit markets yet doesn’t mean much.

ArcBest posts down q4 results and January didn’t look much better

USA Truck’s shares fall after another earnings disappointment. New turnaround initiatives were quantified on the company’s conference call.

Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.

Too much Amazon traffic may spoil the Brown broth

Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.

USA Truck reports another worse-than-expected loss as it revamps the company.

Most key metrics were lower for the LTL carrier/brokerage company.

As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.

Amazon blows past analysts’ EPS estimates for q4

Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.

Tanker giant Euronav warns of fallout from coronavirus crisis.

Aptiv’s Q4 2019 U.S. revenue stood at $3.6 billion, a decrease of 1% year-over-year.

Volvo Group reported a significant jump in its fourth-quarter income, but truck orders and net sales declined compared with 2018 numbers.

Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.

UPS posts largely expected Q4 results as operating gains and nontax and after-tax charges cancel each other on the bottom line.

Head of giant independent refiner not surprised by lack of movement this early in the regulation.

The electric vehicle company expects more than half a million deliveries in 2020.

Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.

Boeing’s earnings and revenue failed to meet expectations, and the manufacturer revealed billions more in MAX-related costs.

Liners confront higher ship-lease rates at the very time fuel prices are spiking.

Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.

Railroad giant Norfolk Southern Corp.’s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said.  Norfolk Southern (NYSE: NSC) reported its operating and financial results for the […]

Wall Street reacts positively to a projection for the rest of the year.

Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.

Revenue gains for grain, energy, chemicals and plastics provide boost.

Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.

Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”

PACCAR is riding a comparatively low inventory of unsold trucks into 2020 as new orders and production in the first quarter are expected to be down 5-7%, the company told analysts following its report of record revenue and profits in 2019.

The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.

PACCAR overcame a slowdown in Class 8 truck orders to report record revenue and earnings in 2019, but fourth quarter results took a hit in both measures compared with a year ago.

Scorpio Bulkers on virus threat: Prepare for the worst and hope for the best

The fourth quarter featured the largest bankruptcy in the five years Haynes & Boone have been keeping track.

Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November […]

The railroad eyes slight volume growth in 2020 amid plans for longer trains and reduced headcount.

Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.

Intermodal struggled while Brokerage also has a strong period.

Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.

Spare aircraft engine dispositions stave off weakened demand for railcars in North America.

Procter & Gamble (NYSE: PG) released its fiscal year 2020 second-quarter results ahead of the opening bell on Thursday. The Cincinnati-based consumer products giant reported $18.2 billion in quarterly sales, […]

Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.

Net income falls in the fourth quarter amid a decline in operating revenue and a decrease in rail volumes.

Prologis posts solid 2019 results, hikes 2020 guidance

Asset quality mostly improved but net interest margin compressed by 62 bps.

Service improvements will help grow rail volumes and revenue, the company said during its fourth-quarter earnings call Friday.

J.B. Hunt’s fourth quarter call addresses some challenges facing its brokerage and intermodal businesses.

Coal declines and a still sluggish industrial economy could put pressure on revenue this year. Still, CSX sees upside potential for intermodal and merchandise volumes.

J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.

There are still some down times ahead but Susquehanna sees the ground being laid for an upturn.

What does it mean to be “energy independent?” The President of the United States thinks the country is there now. On this week’s Drilling Deep podcast, host John Kingston talks […]