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Earnings

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July 28, 2017 - Industry News

Earnings Watch: Covenant Reports Steep Year-over-Year Earnings Drop

Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) reported on July 25 second quarter earnings of $0.08 per share, marking. That’s down 60% year over year, but according to analysis by Stifel, that result is “right in line with the Street consensus of $0.06.”

Tags: Earnings, Covenant Transportation Group

July 27, 2017 - Industry News

Earnings Watch: Old Dominion Earnings Spike 21.4% in Second Quarter

One of the country’s leading LTL carriers, Old Dominion Freight Line scored high in the second quarter, reporting a 21.4% increase in earnings per diluted share to $1.19 on revenue of $839.9 million.

Tags: Old Dominion Freight Line, Earnings

July 26, 2017 - Industry News

Earnings Watch: In Face of EU Antitrust Probe, Daimler Earnings Rise 15%

Daimler AG, parent of Daimler Trucks North America and Mercedes-Benz Vans USA, reported on July 26 a 15% jump in profit for the second quarter, largely on the strength of its global Mercedes-Benz luxury car business.

Tags: Mercedes-Benz, Daimler, Earnings, Global

July 25, 2017 - Industry News

Paccar Reports ‘Strong’ Q2 Revenues and Profits

Paccar, parent of Kenworth and Peterbilt, has announced that for the second quarter of 2017, it achieved net sales and financial services revenues of $4.70 billion-- compared to $4.41 billion in the same period a year ago.

Tags: Kenworth, Paccar, Peterbilt, Earnings, Global, DAF

July 24, 2017 - Industry News

Earnings Watch: Werner Rises 27%

Trucking and logistics provider Werner Enterprises has reported that its earnings climbed 27% for the second quarter, compared to the same period a year ago.

Tags: Werner Enterprises, Earnings

October 25, 2016 - Industry News

Earnings Watch: Swift Profit Up 4.7%, Paccar Down Nearly 20%

At a time when many trucking companies are reporting lower third quarter earnings, Swift Transportation bucked the trend, but truck and engine maker Paccar saw its earnings fall.

Tags: Kenworth, Paccar, Peterbilt, Earnings, Paccar Financial, Swift Transportation, DAF, Fleet Earnings

October 21, 2016 - Industry News

Earnings Watch: Volvo Profit Falls While Daimler Gains

Earnings for two of the world’s biggest truck makers varied greatly in the third quarter, according to figures released on Friday, and both had a dim view of upcoming sales in the North American market.

Tags: Volvo Trucks, Freightliner, Western Star, Mack Trucks, Daimler, Earnings, Daimler Trucks North America, Dana Incorporated

September 8, 2016 - Industry News

Earnings Watch: Navistar Third Quarter Loss Grows, Revenue Declines

Navistar International Corp. released fiscal third quarter financials on Thursday morning showing its losses grew in the third quarter of the year while revenue fell 18%, following news on Tuesday that Volkswagen is taking a minority interest in the Illinois-based company.

Tags: Economy, Volkswagen, Navistar, Earnings

July 26, 2016 - Industry News

Earnings Watch: Hub, C.H. Robinson, Wabash National, Rush Enterprises

The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.

Tags: Economy, Truck Sales, 3PL, Rush Enterprises, Earnings, Wabash National, C.H. Robinson, Hub Group, Fleet Earnings

July 26, 2016 - Industry News

Paccar Profits Up Despite Slower Truck Sales

UPDATED -- The parent company of truck makers Kenworth and Peterbilt reported an increase in second quarter earnings despite lower revenue, but it's in the red for the first half of the year due to a big fine.

Tags: Earnings, Paccar, Truck Sales

July 21, 2016 - Industry News

Earnings Watch: Daimler Profit Rises 3%, Dana Earnings Fall

Car and truck maker Daimler AG reported a slight increase in its second quarter profit, but it expects significantly lower truck sales for this year. Meanwhile, one supplier is feeling the effects of the slowing North American commercial vehicle market.

Tags: Economy, Detroit Diesel, Freightliner, Western Star, Dana Holding Corp., Daimler, Earnings, Daimler Trucks North America

July 19, 2016 - Industry News

Earnings Watch: Volvo Says Net Profit Falls, Announces Fine in EU Probe

The Swedish parent to truck brands Volvo, Mack and others reported its second quarter profit slid from a year ago due to lower sales in many parts of the world and has downwardly revised its expectations in North America.

Tags: volvo, Economy, Volvo Trucks, Earnings, European Union, Global

July 18, 2016 - Industry News

Earnings Watch: J.B. Hunt Improves Second Quarter Profit by 2%

Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.

Tags: Economy, 3PL, Intermodal, J.B. Hunt, Earnings, Fleet Earnings, Dedicated Fleets

July 11, 2016 - Industry News

Earnings Watch: Daimler’s Adjusted Earnings Beat Forecasts

The second quarter earnings season got underway on Monday with Daimler AG unexpectedly releasing numbers showing its adjusted earnings in the second quarter of the year are “significantly above market expectations” – but the news did not carry over into its truck operations.

Tags: Economy, Detroit Diesel, Freightliner, Western Star, Daimler, Earnings, Daimler Trucks North America

June 7, 2016 - Industry News

Navistar Reports First Quarterly Profit in 3 Years

Orders for new HX vocational trucks and tractors are already at 70% of what was expected for the entire fiscal year, Navistar said. Photo: Navistar International

Strong parts sales offset slumps in other areas, but softening of the North American truck market will make continued profits doubtful, the company said.

Tags: Navistar, Financial Report, Earnings, Quarterly Report, Quarterly Earnings

May 16, 2016 - Industry News

Earnings Watch: Radiant Logistics Moves Into the Red

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. reported on Monday afternoon it swung from a profit to a loss in the first quarter of the year despite a 54.2% increase in net revenue.

Tags: Economy, Earnings, Radiant Logistics, Fleet Earnings

May 9, 2016 - Industry News

Earnings Watch: TravelCenters Posts Near $10 Million Loss

Lower fuel prices propelled truckstop operator TravelCenters of America from a profit to a loss in the first quarter of the year, but that’s not keeping it from going ahead with expansion plans.

Tags: Fuel Prices, Petro Stopping Centers, Truckstops, Travel Centers of America, Earnings

May 3, 2016 - Industry News

Earnings Watch: Accuride Losses Widen, Cummins Profit Declines

Lower North American truck sales led to lower financials compared to a year ago for two Indiana-based companies.

Tags: Economy, Cummins, Accuride, Earnings

April 29, 2016 - Industry News

Earnings Watch: ABF Parent ArcBest Moves to a First Quarter Loss

The parent to less-than-truckload carrier ABF Freight moved into the red in the first quarter of the year, according to its earnings report released Friday, as many other companies are also reporting weaker performances compared to a year ago

Tags: Economy, Earnings, ABF, ArcBest Corp., Fleet Earnings

April 28, 2016 - Industry News

Earnings Watch: UPS Jumps; YRC Improves; ODFL, Universal Lower

UPDATED -- Another day, another raft of earnings reports on Thursday from the nation’s publicly owned trucking companies. Continuing a trend this first quarter, the companies' numbers are as varied as the services they offer.

Tags: Economy, UPS, Old Dominion Freight Line, Earnings, UPS Freight, Universal Truckload, Fleet Earnings, YRC Worldwide, YRC Freight

April 27, 2016 - Industry News

Earnings Watch: Saia, Patriot, Covenant and Celadon

The wave of first quarter earnings reports from the nation’s publicly owned fleets continued on Wednesday, with three out of four lower than a year earlier due mainly to less freight to move.

Tags: Florida, Economy, Celadon Trucking Services, Celadon Group, Covenant Transport, Earnings, Patriot Transportation, Saia, Covenant Transportation Group, Fleet Earnings

April 27, 2016 - Industry News

Wabash National Profit Soars Nearly 163% from Year Ago

Photo: Wabash National

Setting new records in a variety of different categories allowed trailer manufacturer Wabash National Corp. to report more than doubled first quarter profit over a year ago.

Tags: Economy, Trailers, Earnings, Wabash National

April 26, 2016 - Industry News

Earnings Watch: Hub Group Leaps, C.H. Robinson Gains, Heartland Slips

Three more companies offering trucking and related services issued first quarter earnings reports on Tuesday, with each reporting very different results.

Tags: Economy, Earnings, C.H. Robinson, Hub Group, Fleet Earnings, Heartland Express

April 26, 2016 - Industry News

Earnings Watch: Paccar Loss; Allison Profit Falls

A European price-fixing investigation led to a first-quarter loss for truck and engine maker Paccar, while Allison Transmission reported lower numbers.

Tags: Kenworth, Paccar, Peterbilt, Allison Transmission, Earnings

April 22, 2016 - Industry News

Earnings Watch: Daimler, Volvo Profits Lower Amid Slower Truck Sales

Earnings for two of the world’s largest truck makers moved lower in the first quarter, according to earnings reports issued Friday.

Tags: volvo, Economy, Volvo Trucks, Freightliner, Western Star, Truck Sales, Mack Trucks, Daimler, Earnings, Daimler Trucks North America, Global

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