Transportation & Logistics Services Industry Update Q2 2024
Read more about M&A activity and trends in this sector
Transportation & Logistics Services Sector Update
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Q2-2024 Logistics Providers Earnings Summary
Select Commentary from Recent Earnings Releases
| Company | Earnings Date | M&A Sentiment | Management M&A Commentary |
|---|---|---|---|
C.H. Robinson
| May 1 | Pause | Management has paused pursuing acquisitions and is focusing on driving growth through organic opportunities |
| ArcBest Corporation | April 30 | Active | The company is actively pursuing strategic M&A opportunities, particularly in the areas of technology services and real estate
|
Werner Enterprises
| April 30 | Pause | Management has halted the company’s M&A activity and is focused on strategic reinvestment in the business and returning capital to shareholders |
| TFI International | April 26 | Active | Management is actively pursuing small M&A tuck-ins within its truckload division
|
| Hub Group | April 25 | Active | The company maintains a robust acquisition pipeline and intends to pursue M&A within its intermodal division, focusing on its asset-light logistics platform and brokerage segments |
| Landstar System | April 25 | Pause | Management has paused inorganic growth opportunities and will continue to re-invest internally in technology solutions |
| Knight-Swift Transportation | April 24 | Active | Plans to pursue both organic and inorganic strategies to expand its geographical presence within the LTL market |
| J.B. Hunt Transport | April 16 | Opportunistic | Management continues to invest in organic growth initiatives, though noted they are open to reviewing impactful tuck-in opportunities |
Logistics Providers Index Stock Performance
Recently reported Logistics Providers had mixed performance on an earnings per share (EPS) and revenue basis
Footnotes:
Source: Market statistics sourced from Capital IQ and based on 6/30/2024. All figures in USD and in millions (except share price data), where applicable, converted at rates as of 6/30/2024
(1) Normalized EPS that excludes the effects of exceptional items to standardize the metric across the peer group
(2) Select Logistics Provides include those defined in the table above
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Transportation & Logistics Services Sector Update
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