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Earnings

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October 24, 2014 - Industry News

Swift Third-Quarter Profit Surges

Photo: Evan Lockridge

With year-over-year profitability improvements in its truckload, intermodal and refrigerated segments, Swift Transportation saw its net income surge to $50.2 million in the third quarter, compared to $30 million a year ago.

Tags: Fleets, Earnings, Swift Transportation

October 24, 2014 - Industry News

Forward Air Third Quarter Income Higher

Photo: Evan Lockridge

Net income during the period was $16.7 million compared to $14.2 million in the prior-year quarter or 54 cents per diluted share compared with 46 cents per diluted share.

Tags: Fleets, Earnings, Forward Air

October 24, 2014 - Industry News

UPS Grows Third Quarter Profit

Higher package volume and growth in distribution and UPS Freight business led UPS Inc. to an upswing in third-quarter earnings compared to a year ago.

Tags: UPS, Fleets, Earnings, UPS Freight, LTL

October 23, 2014 - Industry News

Hub Group Profit Posts Big Decline

Photo: Evan Lockridge

The Illinois-based operation reported income of $4.5 million compared to $18.6 million in the third quarter of 2013 with diluted earnings per share of 12 cents compared to 50 cents a year earlier.

Tags: Fleets, Earnings, Hub Group

October 23, 2014 - Industry News

Daimler Profit Up, North American Truck Sales Jump 25%

Daimler AG's headquarters in Germany. Photo: Daimler AG

Daimler AG, the German parent of Daimler Trucks North America, has reported higher third quarter profit and revenue, with record Mercedes-Benz auto sales and a booming North American truck market being partially offset by lower sales in other parts of the world.

Tags: Daimler Trucks, Daimler AG, Earnings, Global

October 23, 2014 - Industry News

Landstar Reports Record Profit, Revenue; Forecasts Higher Numbers

Photo: Evan Lockridge

Freight transportation provider Landstar System has reported record third quarter net income of $36.8 million, or 82 cents per diluted share, on record revenue of $819 million.

Tags: Fleets, Earnings, Landstar System

October 22, 2014 - Industry News

Knight Transportation Profit Leaps More Than 66%

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.

Tags: Fleets, Earnings, Knight Transportation

October 22, 2014 - Industry News

Covenant Transportation Group Profit Falls Slightly

The decline was not surprising with the company announcing last month it was hit with a multi-million dollar judgment.

Tags: Covenant Transport, Earnings, Covenant Transportation Group

October 21, 2014 - Industry News

Werner Enterprises Reports 22% Net Income Increase

Photo: Evan Lockridge

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.

Tags: Werner Enterprises, Fleets, Earnings

October 15, 2014 - Industry News

Marten Transport Profit Falls Slightly

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.

Tags: Intermodal, Fleets, Earnings, Marten Transport

October 14, 2014 - Industry News

J.B. Hunt Profit Increases More Than 14%

Photo: Jim Park

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.

Tags: J.B. Hunt, Fleets, Intermodal, Earnings

September 29, 2014 - Industry News

Swift Affirms Third Quarter Expectations, Seeking Rate Increases

Photo: Evan Lockridge

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.

Tags: Fleets, Earnings, Swift Transportation, Driver Pay, Fleet Utilization

September 17, 2014 - Industry News

YRCW Improving, Expecting Better Profits

Photo: Evan Lockridge

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.

Tags: Fleets, Earnings, YRC Worldwide, LTL

September 17, 2014 - Industry News

FedEx Quarterly Profit Surges 24% to $606 Million

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.

Tags: Earnings, FedEx, Equity Markets

September 15, 2014 - Industry News

Covenant Transportation Group Projects Lower Third Quarter Net Income

The parent company to trucking operations including Covenant Transport and others has issued expectations for its upcoming third quarter financial results.

Tags: Covenant Transport, Fleets, Earnings, Covenant Transportation Group

September 3, 2014 - Industry News

ODFL Raises Third Quarter Expectations

The North Carolina-based operation also affirmed its previously announced expectations for growth in its LTL revenue per hundredweight.

Tags: Old Dominion Freight Line, Fleets, Freight, Earnings

August 6, 2014 - Industry News

Celadon Second Quarter Profit More Than Doubles

The trucking operation Celadon Group Inc. more than doubled its net income in the second quarter of the year while revenue increased 21.4%.

Tags: Celadon Group, Fleets, Earnings

July 31, 2014 - Industry News

YRC Worldwide Posts Smaller Second Quarter Loss

Photo: Evan Lockridge

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.

Tags: Fleets, Earnings, YRC Worldwide, YRC Freight

July 31, 2014 - Industry News

Accuride Reports Strong Second Quarter Results

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.

Tags: Wheels, Accuride, Earnings, Brake Drums

July 31, 2014 - Industry News

Roadrunner Profit Edges Higher to $14.8 Million

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%.

Tags: Fleets, Roadrunner Transportation, Earnings

July 31, 2014 - Industry News

Meritor Reports Profits for Third Quarter

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.

Tags: Meritor, Aftermarket, Earnings

July 31, 2014 - Industry News

USA Truck Reports First Profit Since 2011

“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.

Tags: Fleets, Earnings, USA Truck

July 31, 2014 - Industry News

ODFL Profit Jumps 26.5%, ArcBest Triples

Photo: Evan Lockridge

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.

Tags: Old Dominion Freight Line, Fleets, Earnings, Panther, ABF, ArcBest Corp.

July 31, 2014 - Industry News

Con-Way Reports Record Net Income in Second Quarter

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.

Tags: Fleets, Earnings, Con-Way, Con-way Inc.

July 30, 2014 - Industry News

C.H. Robinson Worldwide Profit Increases 6%

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.

Tags: Fleets, Earnings, C.H. Robinson

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