Earnings News Updates

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.

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.

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.

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.

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.

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.

Volvo Group reported fourth-quarter revenue rose as net income fell, while higher worldwide truck orders and deliveries increased both revenue and net income for the full year.

UPS Inc. reported fourth-quarter earnings that beat Wall Street expectations, the package delivery company reported Jan. 31.

Freight broker and produce distributor C.H. Robinson Worldwide turned in better-than-expected financial results in the fourth quarter of 2018, posting strong gains in revenue and higher profits across nearly all of its business lines, easing concern from some investors about a deceleration in freight shipments in the year ahead.

FedEx Corp. reported a 20.6% increase in net income in its fiscal second-quarter financial results released Dec. 18.