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Earnings in the fourth quarter were $2.38 a share, topping the $2.21 average of analyst estimates. Sales of $24.5 billion also beat expectations.

GM’s new guidance rests on selling more of its largest trucks and SUVs such as its GMC Sierra and Cadillac Escalade — and fewer electric vehicles.

Knight-Swift expressed optimism that capacity reductions will help improve market conditions, though the truckload carrier posted a net loss attributable to itself of $6.8 million in Q4.

The competitive landscape in the railroad business could change drastically in the next few years if Union Pacific's proposed $85 billion acquisition of Norfolk Southern is approved. 

J.B. Hunt handled fewer longhaul, coast-to-coast shipments during the quarter, with intermodal volumes shifting toward shorter hauls in the eastern U.S.

Costco Wholesale Corp. reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value.

Consumers are cutting back on restaurant spending as they cope with economic uncertainties, causing Sysco to forecast annual sales at the lower end of its target range, CEO Kevin Hourican said.

FedEx reported gains in fourth-quarter revenue and earnings on the heels of a profitability initiative that helped counter market headwinds, but cut its guidance amid trade worries.