FreightWaves Infographics: Estes to open at least 20 terminals this year
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XPO cruises past Q1 consensus estimate
Less-than-truckload carrier XPO handily beat first-quarter expectations Friday ahead of the market open. XPO (NYSE: XPO) reported adjusted earnings per share of 81 cents for the 2024 first quarter, 14 cents ahead of the consensus estimate and 25 cents higher year over year (y/y). The adjusted result excluded transaction and restructuring costs of 25 cents…
FreightTech Friday: Loadsure takes insurtech solution to Europe
On Monday, London-based insurtech provider Loadsure announced it is massively expanding its presence in Europe, offering its freight insurance and risk management solutions to Germany, France, Denmark, Norway, Finland, Sweden and the Benelux region — Belgium, the Netherlands and Luxembourg. The company also announced its new hire, Ben Brough, will lead the international team as…
RXO, still suffering from weak market, touts Q1 volume growth
RXO’s earnings released Thursday, like those of C.H. Robinson a day before, looked to various data points to show “green shoots” that indicate a market bottom for 3PLs may have been reached and a turnaround has commenced. The focus at C.H. Robinson was on its sequential performance, and investors Thursday liked what they saw a…
Air Canada abandons plans for two Boeing 767 converted freighters
Air Canada has again scaled back growth plans for its startup freighter division, announcing Thursday it has canceled orders with a vendor to convert two Boeing 767-300 passenger jets into freighters. The airline took a one-time charge of US$14.5 million for backing out of reservations for production slots at Israel Aircraft Industries, it said in…