Daimler Truck reported higher second-quarter profits and revenue, but like OEMs reporting earlier, the market leader saw incoming orders fall. The German truck and bus maker said net profit rose to 1 billion euros ($1.1 billion) from 946 billion euros in the second quarter of 2022. Revenue increased to 13.88 billion euros from 12.1 billion….
DHL Group overcame weak economic conditions and reported decent second-quarter results, the German conglomerate announced Tuesday. Revenue of $22.1 billion was down year over year from $26.4 billion. Operating profit was about the same from the first quarter at $1.9 billion. The company raised the low end of its 2023 earnings before interest and taxes…
TFI International expects to benefit from Yellow Corp.’s bankruptcy proceedings, potentially adding thousands of daily shipments at a time when its own overall income has plunged. TForce Freight — formed […]
The head of international transport and logistics company TFI International (NYSE: TFII) said Tuesday that the company’s U.S. less-than-truckload operation, TForce Freight, has picked up about 3,000 shipments per day since it became clear that LTL rival Yellow Corp. was going out of business. Alain Bedard, chairman, president and CEO, said the U.S. LTL unit…
Uber Freight’s second-quarter earnings before interest, taxes, depreciation and amortization, the key financial metric at the digital brokerage, recorded a large decline from a year ago but improved sequentially. Even with the addition of Transplace, Uber Freight has now had three consecutive quarters of negative EBITDA after three consecutive quarters of barely positive EBITDA. EBITDA…