RXO Posts $6M Q1 EBITDA, Forecasts Up to $37M in Q2 as Rates Recover
The 3PL's gross margin fell 180 basis points as spot rates climbed against lower contract numbers, but the company expects sequential truckload profit-per-load…
#Q1 Earnings
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XPO Q1 Operating Ratio Hits 83.9%, What the Margin Gain Means for Fleet
XPO's North American LTL adjusted OR improved 200 basis points year over year to 83.9 as total revenue climbed 7.3% to $2.1 billion. Leaner costs and network…
Saia Q1 Operating Ratio Ticks Up Despite Revenue Gain
The LTL carrier posted 2.4% revenue growth to $806.2 million, but the operating ratio climbed 60 basis points to 91.7 as costs outpaced top-line gains.
XPO Targets Sub-80% Operating Ratio as Q1 Margin Beats Forecast
Greenwich LTL carrier posts adjusted EPS 13 cents above consensus on leaner cost structure and premium-service uptake. Execs say improving demand could push OR…
XPO Q1 LTL Tonnage and Yield Climb, What the Fleet Numbers Show
XPO's LTL unit posted a 5% revenue gain in Q1 on slight tonnage growth and 4% yield increase ex-fuel. The carrier beat consensus on EPS and revenue as it added…
ArcBest Q1 tonnage up 6.5% as ABF Freight shipment weight climbs
LTL carrier beat tonnage forecast with 5% heavier shipments; asset-based revenue rose 2% per day despite 19-cent y/y EPS drop
ArcBest Reports Q1 Loss but Sees April Rate Firming in LTL and Truckload
The Fort Smith carrier posted a $1 million net loss but beat consensus on adjusted EPS. Executives say pricing is climbing as capacity exits continue and the…
Ryder Q1 Profit Beats Forecast on 6% Jump in Used Tractor Sales
Used tractor volume up 6% year-on-year lifted Ryder's Q1 earnings 27¢ above consensus despite 5% lower pricing and flat total vehicle sales.
Heartland Express Narrows Loss to $4.8M as Operating Ratio Improves
North Liberty truckload carrier posts fourth straight quarter of sequential OR improvement, but CEO says rate recovery may not fully materialize until late…
Covenant Q1 Earnings Miss by 4¢, March Rebound Flags Rate Gains
Chattanooga truckload carrier posted 26¢ per share against 30¢ forecast as winter weather and fuel costs hit margins, but CEO cites improving freight volumes…
TFI Truckload Profit Beats Forecast, LTL Margins Slide in Q1
TFI's truckload division lifted Q1 earnings 8¢ above consensus despite weather delays, while the newly combined LTL group posted weaker margins year-over-year.