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
April 28, 2015 - Industry News
Truckload carrier Celadon Group Inc., reported its profit in the first quarter of the year more than doubled from the same time a year ago.
Tags: Celadon Trucking Services, Earnings
Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
Tags: UPS, Earnings, UPS Freight, LTL
Cummins Inc. reported its first quarter profit increased 14% from the same time a year ago, totaling $387 million, driven by stronger demand in on-highway markets and distributor acquisitions in North America.
Tags: Cummins, Earnings, Engines
April 27, 2015 - Industry News
Swift Transportation Co. tripled its net income in the first quarter of the year, totaling $37.8 million, or diluted earnings per share of 26 cents, compared to $12.3 million, or 9 cents per share a year earlier.
Tags: Earnings, Swift Transportation
Truck component supplier Accuride Corp. nearly broke even the first quarter of the year after losing more money a year earlier.
Tags: Accuride, Earnings, Wheels, Gunite
April 24, 2015 - Industry News
The holding company for trucking companies Covenant Transport and others moved to a profit from a loss in the first quarter of the year.
Tags: Earnings, Covenant Transportation Group
Landstar System reported record first quarter diluted earnings per share of 67 cents on record first quarter revenue of $762 million.
Tags: Earnings, Landstar System
April 23, 2015 - Industry News
A big jump in truck sales helped push profits higher in the first quarter for the network of dealerships under the Rush Enterprises banner.
Tags: Truck Sales, Rush Enterprises, Dealers, Earnings
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