Jerry Hirsch
XPO Profits, Revenue Fall in Q1
XPO Logistics
First-quarter profits and revenue at XPO Logistics Inc. declined as the effects of the coronavirus pandemic took a toll on the less-than-truckload carrier and logistics company in March.
May 5, 2020Hub Group Posts Dips in Revenue, Net Income in First Quarter
Hub Group trucks. (Hub Group)
Hub Group reported double-digit declines in profits and revenue during the first quarter as it saw a drop in intermodal revenue and a decrease in its truck brokerage business.
May 4, 2020C.H. Robinson Q1 Profits Fall, Revenue Rises
C.H. Robinson Worldwide
C.H. Robinson Worldwide’s first-quarter profit declined by more than half as pricing pressure impacted revenue for its truckload operations.
April 29, 2020Saia Sets Records for Revenue, Operating Income in Q1
Saia LTL Freight via Facebook
Saia Inc. reported record operating income and revenue for the first quarter but saw business take a downturn late in the period.
April 29, 2020Yokohama, Continental Resume Tire Production
Yokohama Tire Corp.
Two tire manufacturers that had suspended production due to the COVID-19 crisis have restarted their factories.
April 28, 2020Deployment of Hydrogen Fuel Cell-Powered Trucks Will Require Fueling Networks, Clear Business Cases
Hyundai’s H2 Xcient fuel cell trucks will haul freight in Switzerland. (Hyundai)
A hydrogen-powered commercial truck built by Hyundai was set to begin hauling groceries in Switzerland in April, representing the first of 1,600 fuel cell electric trucks that the manufacturer plans to put on highways in the Alpine nation by 2025.
April 24, 2020Mullen Group Records 59.5% Decline in Q1 Profit
Mullen Group
Mullen Group Ltd. posted weaker first-quarter profits on steady revenue, but the Canadian motor carrier warned that business began to erode significantly in April.
April 23, 2020Echo Global Suffers $2.9 Million Loss in Q1
Echo Global Logistics via YouTube
Echo Global Logistics swung to a loss in the first quarter as it faced pricing pressures and the early financial effects of the coronavirus pandemic.
April 23, 2020Old Dominion Q1 Profit, Revenue Keep Pace
“We will not overcut expenses because we believe we are the best-positioned LTL carrier to capitalize on an improving economy,” Old Dominion Chief Financial Officer Adam Satterfield said. (Old Dominion Freight Line Inc.)
Old Dominion Freight Line Inc.’s first-quarter profit and revenue held steady as the motor carrier didn’t start to see business erode from the coronavirus pandemic until the start of April.
April 23, 2020TFI Posts Solid Q1 Results; Workforce Measures Taken
TFI International operates TST Overland Express. (TFI International)
TFI International Inc. posted a strong first quarter, logging record operating income for the period and solid profit growth.
April 23, 2020