Quarterly Business Update — Q2 2026
Delivering capacity and reliability across North America and Europe. This update covers financials, operational KPIs, strategic initiatives, and actions moving into Q3.
Key topics for today's update
Overview & traction
Network: North America & Western Europe. Fleet: 1,120 tractors; 6,400 trailers; 88 distribution centers.
Diversified customer base across retail, manufacturing, and ecommerce. Continued contract renewals with major retail partners.
Revenue & margin trends
Revenue grew 6.5% QoQ driven by increased ecommerce volumes and optimized routing in the Southeast corridor.
Expecting modest revenue acceleration in Q3, seasonal peak planning underway; focus on margin improvement through yield management and fuel optimization.
Performance vs targets
| Metric | Q2 Actual | Target | Change QoQ |
|---|---|---|---|
| On-time Delivery | 95.2% | 94.0% | +1.4 pts |
| Average Transit Time (days) | 2.8 | 3.0 | -0.2 |
| Damage Rate | 0.18% | 0.20% | -0.02 pts |
| Capacity Utilization | 94% | 92% | +2 pts |
| CO2 Intensity (kg/ton-km) | 0.48 | 0.50 | -0.02 |
Comparing core service tiers
| Feature | Express | Standard | Economy |
|---|---|---|---|
| Transit time | 1-2 days | 2-4 days | 4-7 days |
| On-time target | 98% | 95% | 92% |
| Average cost / shipment | $42.00 | $28.50 | $18.20 |
| Ideal use case | Time-sensitive retail & replenishment | General retail & B2B | Non-urgent, bulk freight |
| Carbon intensity | 0.58 kg/ton-km | 0.48 kg/ton-km | 0.42 kg/ton-km |
Note: Economy shows lowest cost and carbon intensity due to consolidated routing, but longer transit times. Standard is the primary revenue driver for Q2.
Progress & next milestones
Pilot of next-gen tractors completed; fuel efficiency up 7% in pilot lanes. Rolling out across core network in Q3.
Warehouse automation pilot reduced handling time by 19% at DC-07. Goal: 8 DC rollouts by year-end.
New cross-dock hubs in Southeast re-route 12% of volumes to more direct lanes; expected savings of $3.2M annually.
On track to 15% reduction in CO2 intensity by 2027; accelerate electrification pilots in urban last-mile.
Top near-term risks and actions