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Q3 2024 earnings
Business, Equipment

United Rentals Hits Q3 Revenue High, Faces Margin Pressure

United Rentals pickup truck

United Rentals Inc. set a quarterly revenue record in Q3 on surging demand in its specialty rentals segment, but the company faced margin pressure on bottom-line results.

Transport Topics
October 28, 2024
Business, Equipment

International Motors Q3 Profit Almost Doubles as Sales Soar

International LT

Profit at International Motors almost doubled year on year in Q3 as the OEM cleared a delivery backlog caused by a Q2 fire at a mirror supplier, with truck sales jumping more than 40%.

Keiron Greenhalgh | Staff Reporter
October 28, 2024
Business, Logistics

Universal Reports Year-Over-Year Growth Amid Weak Market

Universal Logistics intermodal

Universal Logistics Holdings inched up third-quarter revenue and earnings despite weak market conditions, the company reported Oct. 24.

Connor D. Wolf | Staff Reporter
October 28, 2024
Business, For-Hire

Saia Reports Q3 Revenue Growth Amid Network Expansion

Saia truck

Saia Inc. reported Oct. 25 that it was able to post record-high third-quarter revenue amid an ongoing effort to expand its operational footprint.

Connor D. Wolf | Staff Reporter
October 25, 2024
Business, Logistics, Global Freight, TCA

German Shipping Giant Hapag-Lloyd Posts Higher Profits

Hapag-Lloyd ship

HAMBURG, Germany — The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.

dpa | Hamburg, Germany
October 25, 2024
Business, Logistics, For-Hire, Top 100

Ryder Q3 Profit Slides Even as Acquisitions Boost Revenue

Ryder truck

Looking forward, Chief Financial Officer John Diez said Ryder expects earnings growth in the fourth quarter as a result of its contractual portfolio.

Keiron Greenhalgh | Staff Reporter
October 24, 2024
Business, Logistics, For-Hire, Top 100

Mullen Group Q3 Earnings Dip Despite Revenue Growth

Mullen Group trucks

The Okotoks, Alberta-based company posted net income of C$38.3 million, or 41 cents a diluted share, for the three months ending Sept. 30.

Connor D. Wolf | Staff Reporter
October 24, 2024
Business, For-Hire

Knight-Swift Reports Nearly $1.9B in Revenue for Q3

Knight-Swift trucks

Knight-Swift Transportation Holdings experienced a 49.4% decline in earnings year over year during the third quarter of 2024, the company reported Oct. 23.

Connor D. Wolf | Staff Reporter
October 24, 2024
Business, For-Hire

UPS Sees Profit Growth for First Time in Nearly Two Years

UPS logo

UPS Inc. posted a year-over-year increase in revenue during the third quarter of 2024 despite challenging market conditions, the company reported Oct. 24.

Connor D. Wolf | Staff Reporter
October 24, 2024
Business, Logistics

Union Pacific’s Profit Grows 9%

Union Pacific train

OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

Josh Funk | Associated Press
October 24, 2024

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