Q1 2024 earnings News Updates

Business, Private, Global Freight

Walmart Delivers Strong First Quarter

NEW YORK — Walmart Inc. reported another quarter of strong results May 16 as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.

May 16, 2024
Business, Technology, Equipment

Westport Fuel Systems Q1 Loss Widens; Sales Fall, Costs Rise

Losses at Westport Fuel Systems Inc. widened in the first quarter of 2024 on the back of weaker revenue and inflationary cost increases.

May 13, 2024
Business, Equipment

Goodyear Q1 Loss Narrows as Restructuring Plan Takes Effect

Losses at tire manufacturer Goodyear narrowed in the first quarter of 2024 due in part to an ongoing restructuring that won positive reviews from analysts.

May 12, 2024
Business, Logistics

Forward Air Ends Eventful Q1 With Positive Revenue Growth

Forward Air Corp. ended an eventful first quarter with positive revenue growth but a decline in total earnings, the company reported May 8.

May 9, 2024
Business, Fuel

Lion Electric Drops on Revenue Miss, Dwindling Cash Balance

Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.

May 8, 2024
Business, Technology, Equipment, Logistics

Nikola Q1 Loss Narrows; Cost of Truck Production Soars

Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.

May 8, 2024
Business, Logistics

GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1

GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.

May 8, 2024
Business, Fuel

Rivian Sticks With EV Forecast Despite First-Quarter Loss

Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.

May 7, 2024
Business, Equipment

Daimler Truck Q1 Profit Rises Even as Sales Fall

Daimler Truck profits rose year-over-year in Q1 2024, with executives and analysts more optimistic about the company’s North American business than its European operations.

May 6, 2024
Business, Logistics

XPO Posts Q1 Net Income Rise of 294% Despite Tough Market

XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.

May 3, 2024