Less-than-truckload carrier XPO reported second-quarter adjusted earnings per share of $1.12 on Thursday ahead of the market open. The result was 11 cents ahead of the consensus estimate and 41 cents higher year over year. The adjusted result excluded transaction and restructuring costs of 22 cents per share as well as a $41 million one-time…
C.H. Robinson posted a second consecutive quarter that exceeded expectations, sent its stock higher in post-market trading and is starting to indicate that Dave Bozeman, roughly one year on the job as CEO, is making changes that are having an impact on the giant brokerage. When C.H. Robinson (NASDAQ: CHRW) released its first-quarter earnings at…
The August 2024 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what to expect in the coming weeks. The data contained within the report provides breakdowns of capacity, volumes and rates as we enter into the first…
The Port of Long Beach received a $7.875 million grant for its data system, which port leaders say will help speed cargo deliveries across the country. Dubbed the Supply Chain Information Highway, the data system will enable users to make scheduling, planning and operational decisions prior to cargo arrival. The grant from the Governor’s Office…
C.H. Robinson last quarter touted its improvement sequentially since the year-on-year comparisons were still negative. But second-quarter earnings show both continued improvement sequentially from the first quarter and from a year ago. The stock price reacted immediately. By 4:15 p.m., C.H. Robinson (NASDAQ: CHRW) was up almost 9% to $97. It closed at $89.05. In…