Q3 2024 earnings News Updates

Business, Technology, Equipment

Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth

Eaton Corp.s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.

November 6, 2024
Business, Equipment

Cummins Q3 Profit Jumps 23.3% on Data Center Generator Needs

Buoyant appetite for data center power generators underpinned a 23.3% year-on-year jump in Cummins Inc.s profit in the third quarter, trumping weak demand for heavy-duty truck engines.

November 5, 2024
Business, Technology, Logistics

GXO Reports 28% Revenue Jump for Q3

GXO Logistics experienced a 28% jump in revenue as its operations built momentum in the third quarter, the company reported Nov. 5.

November 5, 2024
Business, For-Hire

Ongoing Truckload Weakness, Helene Hurt P.A.M. Q3 Profit

Profits at P.A.M. Transport slumped 61% in the third quarter of 2024 on the back of continued truckload market weakness and the impact of Hurricane Helene.

November 5, 2024
Business, Logistics, For-Hire, Top 100

Forward Air Revenue Soars 92%; Net Loss Hits $34M

The Tennessee-based ground transportation and logistics services provider posted a net loss of $34.2 million, or negative $2.62 a diluted share, for the three months ending Sept. 30.

November 5, 2024
Business, Fuel

Aramco Q3 Profit Down 15% Year Over Year

DUBAI, United Arab Emirates Saudi Arabian oil giant Aramco reported third-quarter profit of $27.5 billion on Nov. 5, down about 15% from last year as low oil prices ate into its revenue.

November 5, 2024
Business, Technology, Equipment, Fuel

Nikola Q3 Losses Halve as Hunt for More Funding Ramps Up

Losses at truck maker Nikola more than halved year on year in the third quarter as a result of record sales, cost cutting and the absence of expenses incurred in the year-ago period.

November 4, 2024
Business, Technology, Equipment, Fuel

Allison Q3 Profit Surges 26.6% on Vocational Truck Demand

Allison Transmissions profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.

November 4, 2024
Business, Logistics

ArcBest Reports 187% Rise in Earnings for Third Quarter

ArcBest Corp. experienced a 187% increase in earnings despite a decline in revenue during the third quarter of 2024, the company reported Nov. 1.

November 1, 2024
Business, Logistics, Global Freight, Top 100, Top 50

Amazon Exceeds Profit Forecasts, Predicts Q4 Sales Surge

As we get into the holiday season, were excited about what we have in store for customers, CEO Andy Jassy said in a statement.

October 31, 2024