October 24, 2014 - Industry News
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
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
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
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
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
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
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
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
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
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 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 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
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
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
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
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
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 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
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
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
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
“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
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.
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
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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