U.S. Xpress Posts Steep Drop in Net Income in 2Q

U.S. XPress truck drives by headquarters TT File Photo

U.S. Xpress Enterprises reported a steep drop in net income in the second quarter of 2019, with a posting of $2.9 million for the period ended June 30.

Jim Stinson | Staff Reporter
August 6, 2019
Business, Fuel

Chevron Earnings Jump on Permian Output, Andarko Breakup Fee

Chevron Luke Sharrett/Bloomberg News

Chevron Corp. posted strong production growth from the Permian Basin combined with a stabilization in its refining operations to beat earnings estimates in the second quarter.

Kevin Crowley | Bloomberg News
August 2, 2019

GM Profit Beats Estimates as Trucks Make Up for Slower Sales

General Motors Jeff Kowalsky/Bloomberg News

General Motors Co. is looking like a port in the storm as new trucks and cost-cutting efforts pad profit in the midst of slowing industry sales.

David Welch | Bloomberg News
August 1, 2019
Business, Technology

Shopify Rally Continues After Sales, Outlook Beat Estimates

Shopify Cole Burston/Bloomberg News

Shopify Inc. shares continued their rally Aug. 1 after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook.

Simran Jagdev | Bloomberg News
August 1, 2019
Business, Fuel

Shell Profit Misses as Slowing Economy Hurts Gas, Chemicals

Shell Patrick T. Fallon/Bloomberg News

Royal Dutch Shell Plc got caught into the same earnings trap as many of its peers, reporting second-quarter earnings that fell well short of expectations as the slowing global economy hit everything from natural gas to chemicals.

Kelly Gilblom | Bloomberg News
August 1, 2019

Fiat Chrysler Surges From North American Sales of Ram, Jeep Models

Fiat Fiat CEO Mike Manley (Daniel Acker/Bloomberg News)

Fiat Chrysler Automobiles NV jumped the most in two months after soaring sales of its Ram pickup truck delivered higher profits in North America and offset weakness in Europe.

July 31, 2019
Business, Fuel

BP Bucks Trend of Big Oil Earnings Misses as Output Rises

Oil Luke Sharrett/Bloomberg News

BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.

Kelly Gilblom | Bloomberg News
July 30, 2019
Business, Logistics, Top 100

TFI International Reports Record Operating Income for 2Q

TFI International reported record results for its second quarter ending June 30, the company said in a July 25 press release.

Jim Stinson | Staff Reporter
July 26, 2019
Government, Business

Landstar Reports Record Earnings Per Share in 2Q

Landstar truck Landstar System Inc.

Landstar System Inc. reported record second-quarter earnings per share of $1.53 on second-quarter net income of $61.1 million, which compares with $1.51 per share on net income of $62.5 million during the same period a year ago.

Jim Stinson | Staff Reporter
July 24, 2019
Business, Technology

Tesla Plunges on Quarterly Loss, Backtracks From Profit Forecast

Tesla Angel Garcia/Bloomberg News

Tesla Inc. shares plummeted in late trading after the electric-car maker posted a worse-than-expected loss and backtracked from a forecast for a return to profit.

Dana Hull | Bloomberg News
July 24, 2019