XPO Logistics Exceeds Expectations in Q1 2024
XPO Logistics started 2024 on a high note, surpassing first-quarter forecasts and demonstrating robust financial performance.
Landstar Navigates Market Challenges with Optimistic Outlook
Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.
FedEx begin cutting costs after reporting downward Q1 volume
FedEx global volume is reportedly down after the Q1 update, says President and CEO Raj Subramaniam.
Amazon scales back after massive expansion efforts
Amazon admits that it may have gone too far.
Retailers scramble to get rid of excess inventory before holiday season
Retailers are struggling with excess inventory and rushing to get it off the shelves before the holiday season.
Q1 global trade reports value of $7.7 trillion
This growth is spurned by growing commodity prices among inflation concerns and is expected to slow substantially in the 2022 Q2 findings.
Abercrombie Q1 freight spending $15 million over forecast
Apparel company Abercrombie & Fitch's Q1 freight costs were over $15 million more than what was predicted.
Cargo theft value jumped 73% in Q1, according to freight security company, Cargonet
While the number of thefts did not increase, the value of cargo theft skyrocketed.
U.S. Express lays of 5% corporate staff
The Chattanooga, Tennessee-based trucking giant claims the layoffs were made in an attempt to cut back on costs.
Walmart & Target don’t like inflation either
Target & Walmart reported earnings this week and cited inflation as the primary reason for rapidly increasing costs.
Target stock tanks after poor Q1 profit
Regardless of Wall Street’s bet on the retail company, Target revealed a 52% profit decline in Q1.
Q1 Results for Amazon revealed surprising data
For Q1, Amazon has reported a loss of $3.8 billion.
Rivian Q1 earnings expected to show electric vehicle demand rising
Expectations are that the earnings will show an increasing product demand, but consistent ongoing supply chain issues and skyrocketing rates of cash output.
Q1 revenue spike excites J.B. Hunt investors
Its total revenue increased by 33% to $3.49 billion from $2.62 billion the previous year.