As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the air freight and logistics industry, including United Parcel Service (NYSE: UPS) and its peers.

The growth of e-commerce and global trade continues to drive demand for expedited shipping services, presenting opportunities for air freight companies. The industry continues to invest in advanced technologies such as automated sorting systems and real-time tracking solutions to enhance operational efficiency. Despite the advantages of speed and global reach, air freight and logistics companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies’ offerings while fuel costs can influence profit margins.

The 6 air freight and logistics stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was 0.8% below.

Luckily, air freight and logistics stocks have performed well with share prices up 13.1% on average since the latest earnings results.

United Parcel Service (NYSE: UPS)

Trademarking its recognizable UPS Brown color, UPS (NYSE: UPS) offers package delivery, supply chain management, and freight forwarding services.

United Parcel Service reported revenues of $21.42 billion, down 3.7% year on year. This print exceeded analysts’ expectations by 2.5%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

“I want to extend my gratitude to all UPSers for their dedication and steadfast commitment to serving our customers,” said Carol Tomé, UPS chief executive officer.

Interestingly, the stock is up 13% since reporting and currently trades at $100.97.

Is now the time to buy United Parcel Service? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Expeditors (NYSE: EXPD)

Expeditors (NYSE: EXPD) offers air and ocean freight as well as brokerage services.

Expeditors reported revenues of $2.89 billion, down 3.5% year on year, outperforming analysts’ expectations by 8.6%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates.

Expeditors delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 24% since reporting. It currently trades at $151.91.

Is now the time to buy Expeditors? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: GXO Logistics (NYSE: GXO)

With notable customers such as Nike and Apple, GXO (NYSE: GXO) manages outsourced supply chains and warehousing for various companies.

GXO Logistics reported revenues of $3.40 billion, up 7.5% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a significant miss of analysts’ organic revenue estimates and revenue guidance for next quarter missing analysts’ expectations.

As expected, the stock is down 4.2% since the results and currently trades at $53.03.

Read our full analysis of GXO Logistics’s results here.

FedEx (NYSE: FDX)

Sporting one of the largest air cargo fleets in the world, FedEx (NYSE: FDX) is a global provider of parcel and cargo delivery services.

FedEx reported revenues of $23.47 billion, up 6.8% year on year. This number beat analysts’ expectations by 3%. It was an exceptional quarter as it also put up an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.

The stock is up 2% since reporting and currently trades at $292.82.

Read our full, actionable report on FedEx here, it’s free for active Edge members.

C.H. Robinson Worldwide (NASDAQ: CHRW)

Engaging in contracts with tens of thousands of transportation companies, C.H. Robinson (NASDAQ: CHRW) offers freight transportation and logistics services.

C.H. Robinson Worldwide reported revenues of $4.14 billion, down 10.9% year on year. This result missed analysts’ expectations by 2.1%. Aside from that, it was a strong quarter as it produced an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.

C.H. Robinson Worldwide had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is up 23.2% since reporting and currently trades at $159.41.

Read our full, actionable report on C.H. Robinson Worldwide here, it’s free for active Edge members.

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