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November 11, 2015 - Industry News

Earnings Watch: Meritor Reports Loss, Westport Sees More Red Ink

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

Earnings Watch: Cummins, Paccar

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

Earnings Watch: Volvo Doubles, Landstar Sets New Record

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

Earnings Watch: Daimler, Dana and Rush Enterprises

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 Posts $28 Million Loss in Most Recent Quarter

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 Profit Increases, Meritor up on Adjusted Basis

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

Cummins Profit Increases 6%, Paccar Jumps 40%

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

Accuride Increases Second Quarter Profit

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 Watch: Daimler, Landstar Profit Moves Higher; Dana's Declines

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

Earnings Lower for Forward Air, Hub Group, Rush Enterprises

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

North America Helps Drive Volvo Profit Higher

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 Profit Up Slightly, Short of Expectations

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

Alcoa Reports Higher Profit

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 Q2 Results Reveal Narrower Loss, Big Gain in Sales

International ProStar Class 8 on-highway tractor. Photo: Navistar

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

Westport Reports Smaller Financial Loss

The Cummins Westport ISX12 G natural gas engine. Photo: Westport

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

Quality Distribution to Sell for About $800 Million

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

Patriot Transportation Reports Slight First Quarter Loss

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 Reports First 1st Quarter Profit in 8 Years

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

XPO Logistics Halves Loss, Acquires Bridge Terminal Transport

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

May 4, 2015 - Industry News

ArcBest Reports Best First Quarter in Years

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 Reports $62.5 Million First Quarter Profit

Photo courtesy ODFL

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 Profit Jumps to Nearly $22 Million

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.

April 29, 2015 - Industry News

Saia Profit Up Despite Lower Revenues

File photo by Evan Lockridge

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

Celadon Group More Than Doubles First Quarter Profit

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

April 28, 2015 - Industry News

UPS First Quarter Profit Tops $1 Billion

U.S. domestic package first quarter revenue increased 3.8% as daily package volume improved 2.4%. Photo: UPS

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



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