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Q4 2023 earnings
Business, Logistics

Universal Logistics Beats Q4 Expectations

Universal Logistics trucks

Universal Logistics Holdings beat fourth-quarter expectations despite experiencing a year-over-year decline in revenue and earnings, the company detailed Feb. 15.

Connor D. Wolf | Staff Reporter
February 16, 2024
Business, Equipment

Allison Q4 Profit Rises 21% on Vocational Strength

Allison transmissions

Allison Transmission Holdings Inc. profits increased 21% year-over-year in the fourth quarter of 2023 behind North American Class 8 vocational truck market strength.

Keiron Greenhalgh | Staff Reporter
February 15, 2024
Business, Technology, Logistics, Autonomous

GXO Reports Profit, Revenue Increased in Fourth Quarter

GXO warehouse

GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.

Connor D. Wolf | Staff Reporter
February 14, 2024
Business, Logistics, For-Hire

Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals

Ryder truck

Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.

Keiron Greenhalgh | Staff Reporter
February 14, 2024
Business, Equipment

Goodyear Q4 Loss Soars on Goodwill, Rationalization Charges

Image

Losses nearly tripled at Goodyear in the fourth quarter of 2023 compared with the year-ago period as the tire manufacturer digested restructuring costs and sales slowed, including in the North American commercial vehicle sector.

Keiron Greenhalgh | Staff Reporter
February 13, 2024
Business, Logistics, For-Hire

TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll

TForce Freight truck

Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.

Keiron Greenhalgh | Staff Reporter
February 9, 2024
Business, Technology, Logistics

RXO Closes First Full Year as Company With Q4 Results

RXO brokers

RXO closed out its first full year as a stand-alone company by reporting fourth-quarter earnings gains on a year-over-year revenue decline, the company detailed Feb. 8.

Connor D. Wolf | Staff Reporter
February 8, 2024
Business, For-Hire

ArcBest Reports 31% Earnings Gain Despite Revenue Drop

ArcBest fleet

ArcBest Corp. experienced a 30.7% increase in earnings despite a decline in revenue during the fourth quarter of 2023, the company reported Feb. 6.

Connor D. Wolf | Staff Reporter
February 7, 2024
Business, Logistics

Reefer Unit Powers Carrier Global to 55.6% Q4 Profit Hike

Truck with Carrier Supra Series refrigeration system

Profits at Carrier Global jumped 55.6% year-over-year in the fourth quarter on the back of higher refrigeration unit sales and improved operating margins.

Keiron Greenhalgh | Staff Reporter
February 7, 2024
Business, Logistics

XPO Reports Revenue and Earnings Gains for Q4

XPO camo truck

XPO Inc. reported a year-over-year increase in revenue and earnings despite an overall softer freight environment during the fourth quarter of 2023, the company announced Feb. 7.

Connor D. Wolf | Staff Reporter
February 7, 2024

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