Ryder’s 2023 profitability forecast assumes lower numbers due to falling used truck prices.
There were ‘no surprises’ in GXO’s quarterly report, according to CFO Baris Oran.
Carrier Pam Transportation saw margin pressure in the fourth quarter as peak season didn’t materialize.
HMM acknowledged that “freight rates in most key trade lanes have been under downward pressure since H1 2022.”
Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.
Radiant Logistics pushed back financial filings once again as it works to correct inaccurate timing of revenue and expenses in prior periods.
Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.
The Postal Service is hit by higher costs, slowing package volumes.
XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.
Shares are trading down sharply after Forward Air reported shipping fewer pieces per shipment than expected in the fourth quarter.
