Overview
- Adjusted EPS came in at $1.40 versus the $1.30 consensus as the adjusted operating margin widened by 680 basis points to 31.3%.
- Income from operations increased 22.6% even as total revenue declined 10.9% to $4.1 billion, with Global Forwarding revenue down 31%.
- North American Surface Transportation posted resilience, with combined truckload and LTL volume up about 3% and segment revenue up 1.1%.
- Operating expenses fell 12.6% and headcount decreased 10.8%, with AI tools automating quoting, scheduling, and shipment tracking to boost productivity.
- Cash generated rose to $275.4 million, full-year 2026 operating-income guidance was lifted to $965 million–$1.04 billion, and the stock jumped more than 20% intraday to a record high.