Earnings

Quarterly revenue—at $21.9 billion—was down 10.3% annually, and adjusted operating income—at $1.8 billion—fell 21%. Adjusted earnings per share came in at $4.94, down 28% annually and topping Wall Street expectations, at $4.85.

Freight demand did not pick up toward the second half of the first quarter, as it usually does in the LTL sector.

Quarterly revenue—at $1.91 billion—was up 1% annually, and adjusted earnings per share—at $0.56—rose $0.22 annually, topping Wall Street estimates, at $0.46. Operating income came in at $58 million, down from $63 million a year ago, which XPO said reflected higher transaction costs related to its previous spin-off of RXO. Adjusted EBITA—at $210 million—was up 12%.

Yellow, which controls about 10% of the $58 billion less-than-truckload (LTL) market, suffered a first quarter loss of $54.6 million on revenue of $1.159 billion. That was nearly twice the loss of $27.5 million on $1.26 billion revenue in the year-ago period.

Quarterly revenue—at $22.9 billion—was off 6% annually, and adjusted earnings per share—at $2.20—fell 27.9%, for the same period. Consolidated quarterly operating profit came in at $2.5 billion, which was off 22.8% annually on an adjusted basis.

Quarterly revenue—at $22.2 billion—was off 6% annually, and net income—at $865 million was below the $1.22 billion recorded a year ago. Diluted earnings per share—at $3.41—fell 7.4%.

Revenue came in at $1.83 billion, for a 3.3% annual increase, and adjusted earnings per share, at $0.98, topped the $0.64 recorded for the same quarter a year ago. XPO officials cited various growth drivers that factored into its quarterly earnings growth, including growing volumes, pricing, margins, and earnings, in what is called a “challenging macro environment,” and growing its shipment count and tonnage, outperforming negative trends in the industry and typical seasonality.

Quarterly revenue—at $27.0 billion—was down 2.7% annually, and adjusted earnings per share—at $3.62—up 0.8% annually, topping Wall Street expectations of $3.59 per share. Quarterly operating profit came in at $3.2 billion, which was off 17.9% annually.

Quarterly revenue—at $22.8 billion—was off 3% annually, and net income—at $788 million—fell 25%. Operating income—at $1.176 billion—was off 26%. Diluted earnings per share—at $3.07—dropped 21%, topping Wall Street estimates of $2.83.

Quarterly revenue—at $24.161 billion—increased 4.2% annually, and adjusted earnings per share—at $2.99—increased 10.3% annually and beat Wall Street estimates at $2.89 per share. Quarterly operating profit rose 7% to $3.113 billion.

XPO said it expects to report $3.04 billion in quarterly revenue and operating income to come in between $181 million-to-$185 million, with EBITDA pegged at $348 million-to-$352 million.

Quarterly revenue—at $22 billion—increased 6% annually, and operating income—at $1.23 billion—fell 17.4% annually, with adjusted net income—at $905 million—falling 23.9%. Diluted earnings per share—at $3.44—was down 21.3% and short of Wall Street estimates of $5.48.

Fiscal year (FY) 2022 third quarter earnings for the United States Postal Service (USPS) saw total revenue post a 1.4% annual increase, to $18.741 billion. And it had an adjusted quarterly loss of $459 million compared to an adjusted loss of $41 million, for the same quarter last year, while posting $59.7 billion in net income, compared to a $3.0 billion FY 2021 second quarter loss.

New records were hit for quarterly revenue—at $3.23 billion—up 1.2% annually (and up 11% when excluding the March sale of its intermodal business), with net income—at $141 million—up 19.9%. Operating income—at $230 million—was up 17%. Adjusted EBITDA—at $405 million—increased 18.5% annually, the highest in XPO’s history, well ahead of previous guidance, at $360 million-to-$370 million. And earnings per share—at $1.81—were up compared to $1.00 for the second quarter of 2021, marking the highest for the second quarter ever for XPO. Free cash...

Yellow posted second quarter operating revenue of $1.424 billion and operating income of $99.2 million, which included a $3.2 million net gain on property disposals. In comparison, operating revenue in the 2021 second quarter was $1.313 billion and operating income was $27 million. Yellow’s net income for second quarter was $60 million, compared with a net loss of $9.4 million in the second quarter of 2021.