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
July 29, 2014 - Industry News
Peterbilt and Kenworth parent, Paccar, reported increased revenues and net income for the second quarter of 2014.
Tags: Kenworth, Paccar, Peterbilt, Earnings, Paccar Financial, Paccar Parts
Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.
Tags: UPS, Fleets, Earnings, UPS Freight
July 28, 2014 - Industry News
Dry van truckload carrier P.A.M. Transportation Services has reported a sharp upturn in profit for the second quarter of the year despite a small drop in revenue.
Tags: Fleets, Earnings, P.A.M. Transportation
Truck engine manufacturer Cummins has reported results for the second quarter of 2014, showing revenue of $4.8 billion increased 7% from the same quarter in 2013.
Tags: Cummins, Earnings
July 25, 2014 - Industry News
Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.
Tags: Fleets, Earnings, Swift Transportation
July 24, 2014 - Industry News
Dana Holding Corp. saw sales and net income fall in the second quarter compared to a year ago, as stronger production levels in the North American light- and commercial-vehicle markets were tempered by slowing demand in South America and India.
Tags: Dana Holding Corp., Earnings
Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.
Tags: Covenant Transport, Fleets, Earnings
July 23, 2014 - Industry News
Net income hit $19.8 million, or 49 cents per diluted share, compared to $5.6 million, or 14 cents per diluted share from the same time a year ago.
Tags: Truck Sales, Rush Enterprises, Earnings
Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.
Tags: Fleets, Earnings, Knight Transportation
Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.
Tags: Fleets, Earnings, Landstar
German truck and automaker Daimler AG reported Wednesday that it’s third quarter underlying profit, along with earnings, both increased in the second quarter of the year.
Tags: Daimler Trucks, Daimler AG, Earnings, Daimler Trucks North America
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