Business, Top 50, Top 100

Forward Air Reports Lower Q3 Earnings as Pandemic Pressures Profits

Forward Air John Sommers II for Transport Topics

Forward Air Corp. saw net income decease year-over-year in the third quarter, a result of effects driven by the pandemic, the carrier reported Oct. 29.

Connor D. Wolf | Staff Reporter
October 29, 2020
Business, Top 50, Top 100

Hub Group’s Q3 Earnings Lower as Pricing Issues Squeeze Profits

A Hub Group truck. (Hub Group)

Hub Group reported lower third-quarter earnings as pricing issues hurt its profit margin.

Jerry Hirsch | Contributing Writer
October 29, 2020
Business, Equipment

Volvo Sees Q3 Profit, Revenue Fall but Notes Improvement Near End of Quarter

Volvo headquarters Volvo Group

Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.

Roger Gilroy | Senior Reporter
October 20, 2020
Government, Business, Top 50, Top 100

FedEx Posts Strong Quarterly Earnings, Fueled by E-Commerce

A FedEx truck is unloaded in Dallas A FedEx driver unloads boxes in downtown Dallas. (Cooper Neill/Bloomberg News)

A huge surge in e-commerce deliveries to homes and businesses because of the COVID-19 pandemic boosted FedEx Corp.’s fiscal first-quarter earnings when the delivery giant reported its financials Sept. 15.

Dan Ronan | Associate News Editor
September 15, 2020

ArcBest Reports Lower Q2, Midyear Earnings Because of COVID-19

ArcBest John Sommers II for Transport Topics

ArcBest turned a second-quarter profit, albeit considerably lower than the year-ago level because of the COVID-19 pandemic, the Fort Smith, Ark., carrier announced July 29.

Dan Ronan | Associate News Editor
July 29, 2020
Business, Logistics, Top 50

C.H. Robinson Profit, Revenue Fall in Q2 Over COVID-19 Impact

C.H. Robinson sign C.H. Robinson Worldwide

C.H. Robinson Worldwide experienced a drop in second-quarter profit and a smaller dip in revenue as it dealt with the economic effects of the COVID-19 pandemic.

Jerry Hirsch | Contributing Writer
July 28, 2020
Business, Top 100

USA Truck Reports Q2 Revenue of $123.7 Million

USA Truck USA Truck

USA Truck saw second-quarter revenue and net income decrease compared with the prior year, the company reported July 27.

Connor D. Wolf | Staff Reporter
July 27, 2020
Business, Logistics

Titanium Reports Revenue, Net Income Grow in Q1

Titanium Transportation Group Titanium Transportation Group, based in Bolton, Ontario, has opened offices in Charlotte, N.C., and Nashville, Tenn., within the past year and plans to find more locations throughout the U.S. (Vision Group)

Titanium Transportation Group reported solid revenue growth and a profit gain in the first quarter.

Jerry Hirsch | Contributing Writer
May 13, 2020
Government, Business

Earnings Calls Study Shows Companies More Worried Than in 2008

A cyclist wearing a mask passes in front of the J. Crew store in Rockefeller Center in New York on May 5. A cyclist wearing a mask passes in front of the J. Crew store in Rockefeller Center in New York on May 5. (Nina Westervelt/Bloomberg News)

The once-in-a-century pandemic has unleashed financing fears all over Corporate America that far exceed the 2008 crisis, as executives prep for fresh economic and market pain.

Justina Lee | Bloomberg News
May 6, 2020
Government, Business, Top 100

FedEx Reports Mixed Earnings; Leadership Cites Impact of Coronavirus

FedEx truck John Sommers II for Transport Topics

FedEx announced March 17 that year-over-year quarterly net income for its fiscal third quarter fell 57% to $315 million, compared with $739 million in the same period a year ago. But Q3 revenue rose 3% to $17.5 billion from $17 billion a year ago.

Dan Ronan | Associate News Editor
March 17, 2020