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By Tim Robertson, CEO DHL Global Forwarding Americas The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The logistics industry has undergone significant changes over the years, responding to numerous evolutions in consumer demand. For decades, the logistics industry had a seasonality…
Management from 3PL Radiant Logistics said Thursday it was hopeful for a demand turnaround in the second half of 2024, noting it has seen some lift in ocean container traffic. “We remain optimistic that we are at or near the bottom of this cycle and would expect markets to begin to find their way to…
FleetCor Technologies Inc. announced its fourth-quarter and full-year financial results for 2023 after the market closed Wednesday, reporting increases in revenue and earnings. The business and fuel payments firm’s fourth-quarter revenue increased 6% year over year (y/y) to $937 million, while earnings per share increased 10% y/y to $4.44. FleetCor missed Wall Street quarterly revenue…
Although the financial performance at RXO improved from the third to the fourth quarter of 2023, the year-to-year comparisons showed a stark downturn, which led analyst Brandon Oglenski from Barclays to ask a question on the 3PL’s earnings call with analysts. RXO (NYSE: RXO) management on the call was mostly upbeat. CEO Drew Wilkerson kicked…