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Q2 2024 earnings
Business, Logistics, Private, Global Freight

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon workers

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

Haleluya Hadero | Associated Press
August 1, 2024
Business, For-Hire

XPO Q2 Profit Jumps as LTL Shipments Rise 4.5%

XPO truck

XPO profit jumped in the second quarter as revenue increased 8% on the back of a 4.5% increase in North American LTL shipments and 7.4% rise in the return obtained for those shipments.

Keiron Greenhalgh | Staff Reporter
August 1, 2024
Business, Logistics

C.H. Robinson Profit Jumps on Higher Seaborne Prices

C.H. Robinson containers

C.H. Robinson Worldwide profit in Q2 jumped 29.7% year over year as a result of higher seaborne services pricing, a bigger margin on truckload and LTL shipments and a decrease in head count.

Keiron Greenhalgh | Staff Reporter
August 1, 2024
Business, For-Hire, Top 100

Landstar Q2 Profits Dip Amid Dry Van Market Softness

Landstar trailer hitched to a tractor

Profit and revenue at Landstar System Inc. fell in the second quarter of 2024, largely on the back of truckload market weakness.

Keiron Greenhalgh | Staff Reporter
August 1, 2024
Business, Logistics, Global Freight, TCA

Sluggish Global Economy Weighs on Germany’s DHL in Q2

DHL truck

FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.

dpa | Hamburg, Germany
August 1, 2024
Business, Logistics, Global Freight

Maersk Boosts Full-Year Guidance

Maersk containership

A.P. Moller-Maersk, a bellwether for global trade, increased its full-year guidance due to higher freight rates caused by supply chain disruptions following attacks in the Red Sea.

Christian Wienberg | Bloomberg News
August 1, 2024
Business, Equipment

Daimler Truck Cuts Outlook on Weaker Demand in Europe, Asia

Daimler trucks

Daimler Truck Holding AG lowered its outlook for 2024, following other truck makers that have trimmed forecasts on softening sales as demand in Europe and Asia weakens.

Wilfried Eckl-Dorna | Bloomberg News
August 1, 2024
Business, Logistics, For-Hire, Top 100

Werner Spots Signs of Hope Despite Disappointing Q2

Werner tractor on the road

Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.

Keiron Greenhalgh | Staff Reporter
July 31, 2024
Business, Fuel

Toyota First-Half Sales Fall Even as Hybrids Gain in US

Toyota logo on a Prius plug-in hybrid electric vehicle

Toyota Motor Corp.’s global sales and output fell in the first half with sizable declines in Japan and China canceling out a resurgence of hybrids in North America.

Nicholas Takahashi | Bloomberg News
July 30, 2024
Business, Fuel

BP to Hand Shareholders $7 Billion on Stock Buybacks

BP logo

LONDON — Oil giant BP said it will reward shareholders to the tune of $7 billion this year through the purchase of its own stock, even as it reported a 30% decline in profits in the first half of 2024.

Associated Press
July 30, 2024

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