February 4, 2016 - Industry News
Profit for engine maker Cummins fell sharply in the final quarter of last year due to lower global demand, leading it to scale down plans for its new light-duty engines in North America, while Daimler AG saw record profits for 2015,
Tags: Economy, Cummins, Daimler AG, Earnings, Daimler Trucks North America, Global
December 17, 2015 - Industry News
It's looking like a good Christmas for Navistar and FedEx. The truck and engine maker managed to cut back on its losses in its most recent fiscal quarter and likely no longer will have an SEC investigation hanging over its head. Meanwhile, FedEx saw better earnings due to record holiday business.
Tags: Economy, Navistar, Earnings, FedEx, FedEx Freight, FedEx Ground, FedEx Express
November 11, 2015 - Industry News
One truck component supplier moved from a profit to a loss in the third quarter of the year while a natural gas engine provider took on more red ink.
Tags: Economy, Meritor, Earnings, Cummins Westport, Westport Innovations
October 27, 2015 - Industry News
A major OEM announced it is cutting its workforce even though it’s still well in the black as it released third quarter earnings this week while a truck and engine maker reported continued higher numbers.
Tags: Economy, Kenworth, Cummins, Paccar, Peterbilt, Earnings, Paccar Financial
October 23, 2015 - Industry News
One truck maker has reported its third quarter profit doubled and is considering the sale of its used truck business while one of the nation’s largest trucking fleets has reported new records for the period in several areas.
Tags: Economy, Volvo Trucks, Mack Trucks, Earnings, Landstar System, Fleet Earnings
October 22, 2015 - Industry News
Daimler AG, Dana and Rush Enterprises all saw weaker third-quarter financials compared to a year ago, thanks in part to the recession in Brazil and the downturn in the North American oil and gas industry.
Tags: Economy, Daimler Trucks, Daimler AG, Dana Holding Corp., Rush Enterprises, Earnings, Daimler Trucks North America
September 2, 2015 - Industry News
Navistar International Corp. on Wednesday reported its financial losses widened during its fiscal third to $28 million, or a loss of 34 cents per diluted share.
Tags: Navistar, Earnings, International Trucks
July 29, 2015 - Industry News
Wabash's second quarter earnings showed a big leap in profitability from a year ago. Meritor results were hampered by a strong dollar and weak overseas markets but were up on an adjusted basis.
Tags: Economy, Trailers, Earnings, Wabash National, Meritor
July 28, 2015 - Industry News
Truck engine manufacturer Cummins increased both second quarter revenue and net income, while truck and engine maker Paccar reported record quarterly net income.
Tags: Economy, Cummins, Earnings, Paccar, Peterbilt, Kenworth
July 27, 2015 - Industry News
Truck component manufacturer Accuride achieved record profitability in the second quarter of the year and a big improvement from the first quarter.
Tags: Economy, Accuride, Earnings, Wheels
July 23, 2015 - Industry News
Earnings season continued on Thursday, with results reported by the world’s largest truck manufacturer along with results from one component supplier and a major owner-operator trucking company.
Tags: Economy, Daimler Trucks, Daimler AG, Dana Holding Corp., Earnings, Dana, Landstar System, Fleet Earnings
July 21, 2015 - Industry News
Two freight transportation providers, Forward Air and Hub Group, along with dealer group Rush Enterprises, saw second quarter earnings drop.
Tags: Economy, Rush Truck Centers, Rush Enterprises, Earnings, Forward Air, Hub Group, Truck Dealers, Fleet Earnings
July 19, 2015 - Industry News
The parent to Volvo Trucks North America, Sweden’s Volvo Group, saw its second quarter net income double from a year ago, due in part to increased North American sales.
Tags: Economy, Volvo Trucks, Earnings, Volvo Group
July 14, 2015 - Industry News
Marten Transport Ltd. on Tuesday reported a 5.4% increase in net income to $8.4 million, or 25 cents per diluted share, for the second quarter of the year.
Tags: Earnings, Marten Transport, Fleet Earnings
July 8, 2015 - Industry News
The second quarter corporate earnings season kicked off Wednesday afternoon, with numbers from the truck wheel and lightweight metals producer Alcoa Inc. (AA) showing mixed results.
Tags: Earnings, Alcoa
June 4, 2015 - Industry News
Navistar International has reported a second-quarter 2015 net loss of $64 million, which compares favorably to the net loss of $297 million that it incurred for the same period a year ago, and showed a 38% increase in sales of Class 6-8 trucks and buses.
Tags: Navistar, International Trucks, Earnings
May 12, 2015 - Industry News
Natural gas engine provider Westport Innovations Inc. said last week it thinned financial losses in the second quarter of the year despite a 30% drop in revenue.
Tags: Natural Gas Engines, Earnings, Cummins Westport, Westport Innovations, Engines
May 7, 2015 - Industry News
The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.
Tags: Earnings, Quality Distribution, Mergers & Acquisitions, Quality Carriers, Boasso America
May 6, 2015 - Industry News
According to the Florida-based company this was the result of an “intangible asset impairment charge” of just over $2 million, with an with an after tax impact to net income of $1.265 million, relating to its November 2013 purchase of Pipeline Transportation.
Tags: Earnings, Patriot Transportation, Florida Rock & Tank Lines
May 5, 2015 - Industry News
USA Truck turned its finances around in the first three months of the year, reporting a profitable first quarter for the first time since 2007.
Tags: Earnings, USA Truck
May 4, 2015 - Industry News
Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.
Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport
ArcBest Corp. on Monday announced it was back in the black during the first quarter for the first time in seven years, reporting first quarter net income of $700,000 or 3 cents per share.
Tags: Earnings, Panther, ABF, ArcBest Corp.
April 30, 2015 - Industry News
Old Dominion Freight Line saw first quarter net income increase 36.3% from a year earlier, totaling $62.5 million, driven by expansion in its market share and a new record in first-quarter operating ratio for the LTL carrier.
Tags: Old Dominion Freight Line, Earnings
April 29, 2015 - Industry News
Con-way Inc. on Wednesday announced first-quarter 2015 net income surged to $21.8 million, or 37 cents per diluted share, from $12.9 million, or 22 cents per diluted share a year earlier.
Tags: Con-way Freight, Earnings, Con-way Truckload, Con-way Inc.
The mainly less-than-truckload carrier Saia Inc. saw its first quarter profit move higher, according to its earnings report released Wednesday.
Tags: Earnings, Saia, LTL
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