Q1 2024 earnings News Updates

Business, Private

ADM Shares Fall as CEO Cites Transition From Boom Years

Archer-Daniels-Midland Co.’s shares slumped as the agribusiness giant warned of pressured margins for the remainder of the year, even as quarterly earnings beat estimates.

April 30, 2024
Business, Equipment, TCA

Stellantis Shipments Fall Amid Transition to New Vehicles

Stellantis NV said its first-quarter revenue decreased 12% to $44.7 billion compared to last year as the company transitions to making a number of next-generation vehicles.

April 30, 2024
Business, Equipment

Traton Profit Rises on Higher Prices, 'Favorable' Markets

Profits for global truck manufacturer Traton rose in the first quarter on momentum from favorable market conditions and higher prices, including for the International Trucks brand.

April 29, 2024
Business, Equipment

Labor Deal Signing Bonuses Dampen Record Allison Sales

Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.

April 26, 2024
Business, For-Hire

TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market

Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.

April 26, 2024
Business, Logistics

Universal Logistics Reports 12.5% Revenue Boost for Q1

Universal Logistics Holdings well surpassed expectations with both revenue and earnings increasing year-over-year during the first quarter of 2024, the company reported.

April 26, 2024
Business, Equipment

Truck, Trailer Reefer Weakness Hurts Carrier Global Profits

Carrier Global profits dropped in the first quarter of 2024, with results hurt by weaker North American truck and trailer refrigeration sales, the company said April 25.

April 25, 2024
Business, Logistics

Landstar Reports Revenue Decline for Q1

Landstar System Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 24.

April 25, 2024
Business, For-Hire

Knight-Swift Reports Earnings Drop Amid Revenue Growth

Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.

April 25, 2024
Business, For-Hire

Mullen Group Reports Lower Revenue for Q1

Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.

April 25, 2024