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TFI Powers Through Flat Quarter With Resilient Truckload Businesses
Thursday, October 24, 2019 - 6:18pm | 418Read More...TFI International (TSX:TFI) reported a flat third quarter as a tenacious performance from its core North American truckload businesses propped up its uneven transportation and logistics portfolio. TFI earned an adjusted C$1.04 per share or C$88.1 million in net income on C$1.3 billion of revenue...
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Amazon's Third-Quarter Revenue Surges, But So Do Its Shipping Costs
Thursday, October 24, 2019 - 5:49pm | 383Read More...Amazon.com, Inc. (NASDAQ: AMZN) late Thursday reported third-quarter revenue of $70 billion, a 24% increase over the same period in 2018, as well as a 46% surge in worldwide shipping costs as it made massive transportation and logistics investments to upgrade delivery times and to take more control...
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American Airlines Beats Q3 Earnings Estimates Despite Operational, Cargo Difficulties
Thursday, October 24, 2019 - 1:30pm | 583Read More...Cargo business fell during a challenging third quarter for American Airlines (NASDAQ: AAL), which faced operational disruptions and higher costs from labor issues and the grounding of the Boeing 737 MAX. As previewed, the Dallas-based carrier reported Thursday that cargo revenue fell 20% to $208...
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Daimler AG Reports Improved Q3 Results, But Warns Of Tough Times Ahead
Thursday, October 24, 2019 - 1:22pm | 578Read More...Daimler AG (OTC: DDAIF) reported lower truck sales but record car sales in the third quarter to post a 3% year-over-year profit improvement Total sales rose by 6% to 839,300 passenger cars and commercial vehicles compared with 794,700 in the July to September period of 2018. Revenue rose 8% to $...
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Earnings Deluge As Twitter, Ford, 3M Fall While Tesla, Microsoft Rise; Amazon Later
Thursday, October 24, 2019 - 10:06am | 2418Read More...Welcome to the busiest day of earnings season, a day when more than 40 S&P 500 companies—about 8% of the total—open their books to investors. You’d think on a day like this the market might show more excitement, but stock futures pointed to a flat to just slightly higher...
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Covenant Blames Weak Freight Environment For Drop In Revenue And Net Income In 3Q
Wednesday, October 23, 2019 - 9:49am | 547Read More...Covenant Transportation Group Inc. (NASDAQ: CVTI) reported a net loss of $3.2 million, or an earnings loss of 17 cents per share in the third quarter of 2019, missing analyst estimates by 9 cents, the company stated in its earnings release on October 22. The Chattanooga, Tennessee-based truckload...
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Canadian National Sees Third-Quarter Profit Amid headwinds
Tuesday, October 22, 2019 - 5:51pm | 481Read More...Despite a lower operating ratio and higher revenue and net profits in the third quarter, Canadian National Railway (NYSE: CNI) said it plans to lower its guidance for 2019 amid sluggish rail volumes and a softer North American economic outlook. The railroad now expects its adjusted diluted...
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Boeing's Q3 Earnings Release To Be Dominated By 737 MAX Troubles
Tuesday, October 22, 2019 - 4:59pm | 1302Read More...Boeing Company's stock (NYSE: BA) has fallen 32% since documents turned over to Congress and the U.S. Federal Aviation Administration on Oct. 17 revealed that a former Boeing test pilot kept quiet in 2016 about problems he encountered with the 737 MAX's flight control system since blamed in two...
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Kuehne + Nagel Q3 Ocean Growth Offsets Air Decline
Tuesday, October 22, 2019 - 12:40pm | 725Read More...Kuehne + Nagel's ocean freight and land transport units both made third-quarter gains, helping to offset volatile air freight markets that hit earnings. The Swiss forwarder's third-quarter earnings before interest and tax (EBIT) rose 16% year-on-year to CHF283 million ($287.2 million), while net...
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Barber's Retirement Overshadows UPS Third-Quarter Results
Tuesday, October 22, 2019 - 12:38pm | 428Read More...UPS Inc. (NYSE: UPS) beat analysts' bottom-line expectations in the third quarter, though revenue came in a little light compared to what analysts had forecast. But the big news was made in the executive suite, where Jim Barber, the company's chief operating officer (COO) and considered by many...
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Monday's Market Minute: Another Big Week Ahead…
Monday, October 21, 2019 - 9:39am | 312Read More...This week, earnings and geopolitical events will be the focus for traders and investors alike. With 24% of the S&P 500 companies reporting quarterly results this week, ecodata, the European Central Bank, and ongoing Brexit negotiations, markets are on edge. First, Brexit talks are coming to a...
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Boeing And Lockheed Martin To Report Q3 Earnings, With 737 MAX Still Key
Friday, October 18, 2019 - 2:49pm | 2116Read More...As if there weren’t enough drama already surrounding Boeing Co (NYSE: BA), the company reports Q3 earnings Wednesday with investors waiting to hear more about why BA’s board ousted CEO Dennis Muilenburg from the chairman post earlier this month. It was a move Muilenburg told the media...
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Netflix Misses On Domestic Subscribers But Beats Earnings Estimates
Friday, October 18, 2019 - 9:09am | 1014Read More...What a relief took place on Wednesday after the bell, causing Netflix Inc's (NASDAQ: NFLX) stock to jump 8% after its third quarter earnings results were released. Netflix managed to beat earnings estimates and exceeded expectations when it comes to its international segment. But the streaming-...
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Prologis Posts Solid Third-Quarter Numbers As Macro Tailwinds Continue
Tuesday, October 15, 2019 - 4:38pm | 529Read More...The Prologis, Inc. (NYSE: PLD) earnings train rolled on in the third quarter seemingly impervious to the economic and geopolitical uncertainty around it. The world's largest logistics real estate owner, developer and operator reported October 14 that core funds from operations came in at 97 cents...
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Week 40 Picks Up Where Third Quarter Left Off
Wednesday, October 9, 2019 - 5:50pm | 541Read More...Carloads on the railroads remained under water in the first week of the fourth quarter 2019, which ended on October 5. Total traffic on U.S. railroads declined 7.1% to 515,061 carloads compared to the same week in 2018 according to the Association of American Railroads (AAR). A weaker industrial...
















