Ground Transportation Stocks: Mixed Q4 Results
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ground transportation stocks reported mixed Q4 results, with revenues missing estimates by 0.8% due to economic cycles and e-commerce shifts. Landstar led the pack, with revenue down 2.9% to $1.18 billion, missing on both top and bottom lines. Despite e-commerce growth, fuel costs and consumer spending squeezed margins. XPO crushed expectations with a 4.7% revenue jump to $2.01 billion, while Werner plummeted 21.6% to $29.70 after missing targets. Knight-Swift and Ryder remained flat, missing estimates slightly. Despite challenges, companies are betting on data analytics and smarter fleets for future growth.
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