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Earnings

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October 21, 2014 - Industry News

Werner Enterprises Reports 22% Net Income Increase

Photo: Evan Lockridge

According to Werner, freight market dynamics began showing year-over-year improvement for the company in mid-November 2013, and that trend has continued for the last eleven months, including the first three weeks of October.

Tags: Werner Enterprises, Fleets, Earnings

October 15, 2014 - Industry News

Marten Transport Profit Falls Slightly

Trucking company Marten Transport Ltd. has reported net income of $7.7 million, or 23 cents per diluted share, for the third of the year, down slightly from $8 million, or 24 cents per diluted share, from the same time a year ago.

Tags: Intermodal, Fleets, Earnings, Marten Transport

October 14, 2014 - Industry News

J.B. Hunt Profit Increases More Than 14%

Photo: Jim Park

J.B. Hunt Transport Services announced third quarter 2014 net earnings of $102.4 million, or diluted earnings per share of 87 cents compared to third quarter 2013 net earnings of $89.5 million, or 75 cents per diluted share.

Tags: J.B. Hunt, Fleets, Intermodal, Earnings

September 29, 2014 - Industry News

Swift Affirms Third Quarter Expectations, Seeking Rate Increases

Photo: Evan Lockridge

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

YRCW Improving, Expecting Better Profits

Photo: Evan Lockridge

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

September 17, 2014 - Industry News

FedEx Quarterly Profit Surges 24% to $606 Million

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

Covenant Transportation Group Projects Lower Third Quarter Net Income

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

ODFL Raises Third Quarter Expectations

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

Celadon Second Quarter Profit More Than Doubles

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 Posts Smaller Second Quarter Loss

Photo: Evan Lockridge

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

July 31, 2014 - Industry News

Accuride Reports Strong Second Quarter Results

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

July 31, 2014 - Industry News

Roadrunner Profit Edges Higher to $14.8 Million

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

July 31, 2014 - Industry News

Meritor Reports Profits for Third Quarter

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

July 31, 2014 - Industry News

USA Truck Reports First Profit Since 2011

“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

July 31, 2014 - Industry News

ODFL Profit Jumps 26.5%, ArcBest Triples

Photo: Evan Lockridge

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.

July 31, 2014 - Industry News

Con-Way Reports Record Net Income in Second Quarter

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

C.H. Robinson Worldwide Profit Increases 6%

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

Paccar Income Gains 9%, New Parts Distribution Center Planned

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

July 29, 2014 - Industry News

UPS Net Profit Tumbles, Expectations Lowered

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

P.A.M Second Quarter Profit Jumps More Than 80%

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

July 28, 2014 - Industry News

Cummins Increases Profit in Second Quarter

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

Swift Transportation Profit Falls in Second Quarter

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 Reports Lower Second-Quarter 2014 Results

Dana's booth at the Technology & Maintenance Council meeting earlier this year.

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

July 24, 2014 - Industry News

Covenant Profit Doubles During Second Quarter

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

Heavy Truck Sales Increase of 74% Leads to Record Rush Profit

Photo: Rush Truck Centers Facebook page

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

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