Trucking Industry Grapples With Q4 Slowdown
Motor carriers experienced a financial slowdown in the final months of 2022, as trends that indicate a return to normalized levels of business for the year ahead took hold, industry analysts said.
Stellantis Earnings Rise as EV Push Drives Sales
AMSTERDAM — Automaker Stellantis on Feb. 22 reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales.
February 22, 2023XPO’s Mario Harik Touts Strong Q4, Full-Year Performance
XPO Inc. CEO Mario Harik on Feb. 8 discussed how his company reached over a billion dollars in revenue during the fourth quarter despite a business spinoff and softening freight market.
Nissan Reports Better Profit as Chip Crunch Eases
TOKYO — Nissan reported a 55% jump in its October-December profit on Feb. 9, as the Japanese automaker gears up for a less-bumpy journey with its French alliance partner Renault.
Toyota Keeps Conservative Profit View as CEO Transition Looms
Toyota Motor Corp. posted third-quarter profit that topped estimates, but kept its conservative outlook for the year intact.
Paccar Reports Strong Q4 Revenue, Income
Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.
Union Pacific Profit Disappoints After Costly Winter Storms
Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.
FedEx Profit Tops Estimates as Higher Prices Offset Decline in Shipments
FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.
Walmart’s Grocery Gains Power Sales Beat and Stock Jump
Walmart Inc. jumped Nov. 15 after the retail giant reported strong quarterly results and boosted its annual forecast, putting its shares on pace to erase this year’s losses.
Nikola Posts Earnings Beat, Skips Electric Truck Update
Nikola Corp. posted quarterly sales above expectations as production of its battery-electric trucks ramped up, but didn’t provide updated guidance on its previous goal of delivering at least 300 trucks this year.