Flatbed and specialized carrier Daseke Inc. reported May 6 that first-quarter revenue increased 32% to $433 million, compared with $327.6 million in the same period last year, but posted a decline in earnings due to increased investments.
May 6, 2019Business, Equipment, Logistics
Ryder System Posts Robust First Quarter, Boosts Profit Forecast for 2019
Ryder System posted higher earnings and strong sales growth in its dedicated and supply chain solutions businesses for the first quarter of 2019.
May 3, 2019Government, Business, Technology, Fuel, Editorial
Editorial: Old Man Winter Can’t Stop Freight
With quarterly earnings underway, we’re getting a look at how the industry fared during the first three months of 2019, a year which some have predicted could mark the beginning of a cooldown from last year’s red-hot freight market. Turns out the start of this year for freight haulers wasn’t marked so much by a cooldown as it was cold and snowy weather.
April 25, 2019Government, Business, Technology, Logistics
Amazon’s Profit Surges on Cloud Computing, Advertising Gains
Amazon.com reported quarterly profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud computing, advertising and other high-margin businesses continues to pay off.
April 25, 2019Business
Landstar System Reports Record Per-Share Result in First Quarter
Landstar System on April 24 reported a record first-quarter earnings per share price of $1.58 on net income of $63.3 million, which compares with $1.37 per share on income of $57.5 million during the same period a year ago — beating Wall Street expectations.
April 24, 2019Business, Equipment
Volvo Rides Higher Truck Revenue to First-Quarter Gains
AB Volvo reported first-quarter net income and revenue rose as it brought in more money from truck sales in all markets.
April 24, 2019Business, Technology
Caterpillar Tops Estimates, but Investors See ‘Cracks’ in Other Businesses
Impressive results in Caterpillar Inc.’s mining business weren’t enough to assuage investor concerns about the outlook for its other businesses for the rest of the year.
April 24, 2019Business, Technology
Truckmaker Volvo Gains After Profit Surge Offsets Order Slowdown
Volvo Group rose after a jump in first-quarter profit helped to quell fears that demand is weakening in key markets.
April 24, 2019Business, Logistics
PepsiCo Shares Climb to Highest on Record
Call it the nostalgia factor: PepsiCo Inc. is getting a boost from some of its classic brands. The snack and beverage giant posted quarterly results that beat estimates, sending shares to the highest since at least 1980.
April 17, 2019Business, Logistics
Daseke Extends Run of 70% Revenue Growth to Five Straight Quarters
Daseke Inc. reported March 9 that fourth-quarter revenue increased to $447 million from $257.2 million in the same period last year. The flatbed and specialized carrier said it represents the fifth consecutive quarter that year-over-year revenue growth has exceeded 70%.
March 12, 2019