Q4 2024 earnings News Updates

Business, Equipment

Schneider Q4 Profit Rises 19% on Improved OR, Cowan Deal

A 19% gain in fourth-quarter profit at Schneider was propelled by the boost its dedicated operations received from the carrier’s acquisition of Cowan Systems, as well as improvements in its operating ratios.

January 31, 2025
Business, Technology, Equipment, Safety, Fuel, Autonomous

Tesla Completes Wall, Roof Construction at Semi Factory

Tesla’s previously announced production timeline for the Semi remains on schedule, with the first tractors expected to be built by the end of the year and manufacturing ramping up in 2026.

January 30, 2025
Business, Equipment

United Rentals Q4 Profit, Revenue Rise

The Stamford, Conn.-based company posted a 1.5% increase in Q4 net income to $689 million from $679 million. Revenue increased nearly 10%.

January 30, 2025
Business, Equipment

Lower Truck Sales, Higher Costs Hurt Volvo Q4 Profits, Margins

A decrease in truck sales in North America and Europe plus increased production costs in the U.S. dragged on Volvo Group AB profits in the fourth quarter of 2024, the company said Jan. 29.

January 30, 2025
Business, Technology, Logistics, Top 100

C.H. Robinson Reports 382% Earnings Jump for Q4

The Eden Prairie, Minn.-based logistics and shipping company on Jan. 29 posted net income of $149.3 million, or $1.22 a diluted share, for the three months ending Dec. 31.

January 30, 2025
Business, Logistics, For-Hire, Global Freight, Top 100

UPS Posts 1.5% Revenue Growth; Shares Fall on Amazon Deal

UPS Inc. experienced revenue and earnings growth despite a tougher freight market in the fourth quarter of 2024, the parcel delivery company reported Jan. 30.

January 30, 2025
Business, Equipment

Caterpillar Forecasts Lower Revenue This Year

Caterpillar Inc. warned that revenue will be “slightly lower” in 2025 as demand concerns weigh on the outlook of the heavy equipment maker.

January 30, 2025
Government, Business, Safety

Norfolk Southern CEO Optimistic About 2025

Norfolk Southern’s solid fourth quarter — combined with the support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.

January 29, 2025
Business, Technology, Equipment, Safety

Paccar Q4 Profit Falls but Leaders Predict Better 2025

The Bellevue, Wash.-based truck maker posted a profit of $872 million or $1.66 per diluted share in the fourth quarter of 2024, down 38.5% compared with $1.42 billion, $2.70, in 2023.

January 28, 2025
Business, Equipment

GM Reports Q4 Loss on Charges Related to China

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

January 28, 2025