Business, Technology

Stamps.com Craters Without Postal Service Partnership

Packages Andrew Harrer/Bloomberg News

Stamps.com plunged 48% in pre-market trading May 9, poised to drop to a five-year low, after the company slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.

Esha Dey | Bloomberg News
May 9, 2019

Wabash Posts Record 1Q Revenue

Wabash factory worker Wabash's net income for the period ending March 31 fell to $14.7 million, compared with $21.2 million a year ago. (Daniel Acker/Bloomberg News)

Wabash National Corp. reported record first-quarter revenue, but net income slipped.

Roger Gilroy | Staff Reporter
May 3, 2019
Business, Technology

Fiat Chrysler Shares Rally as CEO Mike Manley Confirms Outlook After Profit Miss

Fiat Fiat Chrysler CEO Mike Manley (Chris J. Ratcliffe/Bloomberg News)

Fiat Chrysler Automobiles NV shares rallied as investors shrugged off lower-than-expected first-quarter profit and focused on CEO Mike Manley’s confirmation of the carmaker’s 2019 earnings targets.

Gabrielle Coppola | Bloomberg News
May 3, 2019

Dana Posts Record Sales in First Quarter, but Net Income Dips

Dana truck jeep Dana saw record sales in the first quarter, but that didn't translate to record profits. Dana said the reason for that was $32 million in one-time costs related to acquisitions. (TT file photo)

Dana Inc. reported record first-quarter sales for 2019, seeing a 5% increase to $2.16 billion, compared with $2.14 billion in the year-ago period, according to a company news release.

Jim Stinson | Staff Reporter
May 2, 2019

XPO Logistics Sets New Growth Targets After Setbacks in 2018

XPO truck XPO said net income attributable to common shareholders was $47 million, or 40 cents a share, in the three months ended March 31, compared with $73 million, or 56 cents a share, in the same period a year ago. (XPO Logistics Inc.)

XPO Logistics reported lower profits and overall flat revenue in the first quarter of 2019, but the company’s CEO drew an optimistic picture of the business going forward with $1.1 billion in new business added so far this year and more than $4 billion in active bids in its sales pipeline.

Daniel P. Bearth | Staff Writer
May 1, 2019

Coca-Cola Jumps on Profit Beat as China Fuels Beverage Sales

Coca-Cola MPCA Photos/Flickr

Coca-Cola Co., locked in a renewed battle for global beverage sales with rival PepsiCo Inc., rose in early trading as its push beyond sugary drinks helped it beat on profit in the first quarter.

Craig Giammona | Bloomberg News
April 23, 2019
Business, Top 100

J.B. Hunt Earnings, Revenue Higher in 1Q, but Miss Wall Street Projections

A J.B. Hunt truck John Sommers II for Transport Topics

J.B. Hunt Transport Services reported on April 15 a year-over-year bump of 7% in first-quarter revenue to $2.09 billion compared with $1.95 billion for the same period in 2018.

Dan Ronan | Associate News Editor
April 15, 2019
Business, Logistics, Top 100

FedEx Earnings Take a Hit as International Shipping Slows

FedEx warehouse Mark Lennihan/Associated Press

FedEx Corp. reported higher revenue but lower profits in the third quarter of fiscal 2019 and cut its earnings forecast for the remainder of the year.

Daniel P. Bearth | Staff Writer
March 19, 2019
Business, Logistics, Top 50, Top 100

XPO Logistics Reports Disappointing Earnings

XPO Logistics truck XPO Logistics via YouTube

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

Daniel P. Bearth | Staff Writer
February 14, 2019

Echo Global Logistics Posts Record Revenue, Higher Profits in 4Q

Echo Global Logistics

Echo Global Logistics posted record revenue and higher profits in the fourth quarter of 2018 as strong freight demand boosted demand for freight brokerage services and more shippers outsourced freight management activities.

Daniel P. Bearth | Staff Writer
February 6, 2019