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
Freight transportation provider Forward Air Corp.'s first quarter profit fell more than 50% from a year earlier on 20% higher revenue.
Tags: Earnings, Forward Air
April 22, 2015 - Industry News
Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.
Tags: Werner Enterprises, Earnings
Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.
Tags: Earnings, Knight Transportation
April 21, 2015 - Industry News
Echo Global Logistics Inc. Tuesday announced an agreement to purchase one of the largest privately owned truckload brokers and non-asset based freight transportation providers in the U.S. The company also reported improved Q1 earnings.
Tags: Earnings, Mergers & Acquisitions, Echo Global Logistics
Paccar Inc. reported first quarter earnings of $378.4 million, a 38% gain from the same time a year ago, while net sales and financial services revenue increased 10% to $4.83 billion.
Tags: Paccar, Earnings, Global, DAF, Kenworth, Peterbilt
April 15, 2015 - Industry News
Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.
Tags: Earnings, Marten Transport
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