Hub Group’s revenue and profits fell in the second quarter compared to last year’s record-breaking results. The transportation provider reported second-quarter earnings per share (EPS) of $1.44, 3 cents better than the analysts’ estimate of $1.41 but a 52% year-over-year (y/y) decline compared to the same period in 2022. Revenue for the quarter came in…
Higher combined revenues for the second quarter of 2023 helped boost net profits for Canadian Pacific Kansas City. Revenues for the second quarter were nearly CA$3.2 billion (US$2.4 billion), up 44% year over year (y/y), CPKC said Thursday afternoon. The y/y figure reflects CP’s results in the second quarter of 2022. Canadian Pacific and Kansas…
Like the other Class I railroads reporting earnings this month, Norfolk Southern is looking to cut costs and increase productivity in the second half of 2023 to match anticipated market demand. But unlike the other railroads, NS is also contending with bringing both operating costs and rail service back to normal following the Feb. 3…
The Suez Canal has been extremely important in the world of transportation and supply chains since its creation in 1859. But in 1956, a conflict changed the dynamic of the canal and its impact on countries that use it. Join Deputy Editor Brielle Jaekel and fellow FreightWavesTV host Mary O’Connell as they dive into the…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Frayt. In this issue, Yellow’s bankruptcy; the market shows signs of life; trucking scams; and more. Line goes up SONAR Signs of life — The Southeast and West regions are hitting the freight market with a defibrillator as we move out of a flatline in outbound…