Daseke Inc. officials said the freight market may have bottomed out in the second quarter, as the company reported year-over-year (y/y) declines in revenue and earnings per share. “Today, Daseke’s updated outlook now assumes no improvement in current freight market conditions in the second half of the year,” CEO Jonathan Shepko told analysts during a…
Werner Enterprises missed second-quarter expectations Thursday and said the third quarter presents a challenge as pricing on another 25% of its contracts will be renewed, most with lower rates. On a call with analysts, management said there was slight improvement in the middle of June and the level was held through July. It is hopeful…
Trimble Inc. posted second-quarter earnings that beat analyst expectations as the technology company reported year-over-year (y/y) growth in its buildings/infrastructure and transportation units. “In transportation, the market remains challenging with the soft freight market pressuring carriers to streamline their operations for cost savings to increase asset utilization and increase the productivity of their nondriver workforce,”…
Every week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. This article comes from the May 1991 issue of American Shipper and celebrates the launch of what at the time was a cutting-edge technology — radio frequency. The article is…
Amazon.com Inc. (NASDAQ: AMZN) on Thursday posted second-quarter earnings per diluted share of 65 cents, blowing past estimates of 35 cents per share and more than tripling the second-quarter 2022 results. Revenue year on year rose 11% to $134.4 billion. Operating income jumped to $7.7 billion from $4.4 billion. Net income was $6.7 billion, compared…