GXO Logistics posts record quarterly revenue of $3.16B
GXO Logistics Inc. reported record quarterly performance Monday, with revenue surging 28% year over year to $3.16 billion.Adjusted third-quarter earnings per sh...
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Stonepeak to buy air cargo company ATSG for $3.1B
Private equity firm Stonepeak has agreed to buy Air Transport Services Group, a leading lessor of mid-size cargo jets that also provides flying and other servic...
BNSF reports higher profits as volume grows and costs fall
This story originally appeared on Trains.com. OMAHA, Neb. — BNSF Railway’s profits, revenue and volume all increased for the third quarter, thanks to su...
How global trade actors are turning to fintech to tackle fraud
With billions of dollars processed every day, cross-border trade payments have become increasingly complex. Companies must navigate a range of banks, clearingho...
ONE Q2 earnings: First look
Ocean Network Express (ONE) said revenue was $5.9 billion for the fiscal second quarter, up 65% from the same quarter a year ago. Net profit was $2 billion, up ...
Trinity Industries Q3 earnings: First Look
Third-quarter revenue declined but operating profit improved for railcar builder Trinity Industries.Revenues were $799 million for the third quarter ended Sept....
The most violent and profitable industry in 2024: ion cloud mining
Cloud mining platforms, which have emerged in recent years, aim to provide a convenient way to mine cryptocurrencies without technical expertise or large equipm...
ONE reports nearly US$2 billion in profit for Q2 FY2024
Singapore-headquartered container carrier Ocean Network Express (ONE) released its financial results for the period July-September 2024, which is the second qua...
Hub Group’s total revenue down 3.7% on weak Q3 market
Hub Group Inc.’s third-quarter revenue and profit fell year over year due to ongoing weakness in the freight market.The company reported third-quarter revenue...
C.H. Robinson’s model increasingly validated with another solid quarter
(A summary of key financial numbers at C.H. Robinson in the third quarter can be found here.)Third-quarter earnings at 3PL giant C.H. Robinson, in tandem with t...
Greenbrier Q4 rolls on higher railcar deliveries
Higher new railcar deliveries helped Greenbrier (NYSE: GBX) post sales of $1.05 billion, up 3.5% y/y for the fourth fiscal quarter and full year ended Aug. 31.N...
XPO Q3 earnings: First look
Less-than-truckload carrier XPO reported third-quarter adjusted earnings per share of $1.02, 11 cents better than the consensus estimate and 14 cents higher yea...