October 22, 2014
With strong demand and tight capacity continuing, Knight Transportation's third-quarter profits are up more than 66% over a year ago, thanks to higher revenue per tractor and per loaded mile and fewer empty miles.
The decline was not surprising with the company announcing last month it was hit with a multi-million dollar judgment.
October 21, 2014
According to Werner, freight market dynamics began showing year-over-year improvement for the company in mid-November 2013, and that trend has continued for the last eleven months, including the first three weeks of October.
October 15, 2014
Trucking company Marten Transport Ltd. has reported net income of $7.7 million, or 23 cents per diluted share, for the third of the year, down slightly from $8 million, or 24 cents per diluted share, from the same time a year ago.
October 14, 2014
J.B. Hunt Transport Services announced third quarter 2014 net earnings of $102.4 million, or diluted earnings per share of 87 cents compared to third quarter 2013 net earnings of $89.5 million, or 75 cents per diluted share.
September 29, 2014
Swift Transportation has affirmed earlier expectations for a third-quarter performance of 33 cents to 37 cents adjusted earnings per share, saying its driver wage increase is having desired results.
September 17, 2014
YRC Freight CEO James Welch said while business in the first half of the year kept pace with its forecast, improvements are taking longer than originally anticipated at the national less-than-truckload carrier.
Net income totaled $606 million or $2.10 per share, up 37% from last year’s $1.53 per share. Revenue was $11.7 billion, an increase of 6% from the same time a year earlier.
September 15, 2014
The parent company to trucking operations including Covenant Transport and others has issued expectations for its upcoming third quarter financial results.
September 3, 2014
The North Carolina-based operation also affirmed its previously announced expectations for growth in its LTL revenue per hundredweight.
August 6, 2014
The trucking operation Celadon Group Inc. more than doubled its net income in the second quarter of the year while revenue increased 21.4%.
July 31, 2014
YRC Worldwide Inc. cut it second quarter net loss to $4.9 million, or 16 cents per share, from $15.1 million, or $1.72 per share, from the same time a year ago.
Accuride Corp. says its Fix and Grow strategy is working, reporting operating income for the second quarter doubled year over year. The first half of 2014 is the first time it's reported positive net income since 2007.
The asset-light trucking and logistics service provider, Roadrunner Transportation Systems, has reported a small increase in its second quarter profit while revenue gained 36.6%.
Sales were down slightly for Meritor in its third fiscal quarter, but partly thanks to a settlement of an antitrust suit with Eaton, it saw net income of $234 million, compared to a net loss of $38 million in the same period last year.
“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.
Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
Trucking company and logistics parent Con-way Inc. has reported second-quarter net income of $53.7 million, or 93 cents per diluted share. This compares to second-quarter 2013 net income of $42.9 million, or 75 cents per diluted share.
July 30, 2014
It totaled nearly $118.6 million compared to almost $111.9 while net revenue increased 10.2% to $521 million for the Minnesota-based company.
July 29, 2014
Peterbilt and Kenworth parent, Paccar, reported increased revenues and net income for the second quarter of 2014.
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