Earnings News Updates

The first testing of natural gas-fueled European Volvo Group Class 8 trucks on North American roads is set to begin by the end of September, and more imports could be on the way.

Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market.

Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.

Profits at Werner Enterprises Inc. more than halved in the second quarter, but the carrier sees brighter prospects for the second half of the year, particularly the final three months.

Losses at Nikola Motor widened year-over-year in the second quarter of 2023 after the truck maker took a $77.8 million hit to its balance sheet.

Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.

NEW YORK — Amazon on Aug. 3 posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading.

Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.

GXO Logistics, the contract logistics provider that was spun off two years ago from its parent company XPO, reported stronger-than-expected second-quarter results on Aug. 2.

Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.