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Earnings

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October 24, 2013 - Industry News

Old Dominion Boosts Third Quarter Profit Nearly 18%

The less-than-truckload carrier Old Dominion Freight Line has announced revenue was $616.5 million for the third quarter of this year, a 12.0% increase from $550.5 million for the third quarter of 2012.

Tags: Old Dominion Freight Line, Earnings

October 23, 2013 - Industry News

Swift Profit Falls Despite More Revenue

Photo: Evan Lockridge

Profit for Arizona-based Swift Transportation fell in the third quarter of the year despite doing more business.

Tags: Earnings, Swift Transportation, Central Refrigerated Transportation

October 23, 2013 - Industry News

Knight Transportation Third Quarter Profit Slips

Knight says inflationary cost pressures exceeded the improvement in its revenue per total mile. (Photo by Deborah Lockridge)

Truckload carrier Knight Transportation has reported slightly higher third quarter revenue while income is lower from the same time a year earlier.

Tags: Fleets, Earnings, USA Truck, Knight Transportation, Fleet Financials

October 18, 2013 - Industry News

Werner Profit Falls 15% During the Third Quarter

Photo: Evan Lockridge

Nebraska-based truckload fleet Werner Enterprises reported a drop in its third quarter profit amid just a slight increase in business, noting that hours of service rules changes that took effect in July negatively impacted miles per truck by 2% to 3%.

Tags: Werner Enterprises, Fleets, Earnings

October 18, 2013 - Industry News

Covenant Transportation Income Doubles

The parent company of the carrier Covenant Transport and others, Covenant Transportation Group, has announced third quarter net income of $2 million compared with $1 million the same time a year ago. Company officials cited a higher unseated truck percentage and new hours of service regulations as factors.

Tags: Fleets, Fleet Financials, Earnings, Covenant Transport

October 17, 2013 - Industry News

USA Truck Nearly Breaks Even in Third Quarter

The Arkansas-based fleet USA Truck has improved financial results for the third quarter and the first nine months of the year, with a 13.5% increase in revenue and a much smaller net loss than a year ago.

Tags: Fleets, Earnings, USA Truck, Knight Transportation, Fleet Financials

October 16, 2013 - Industry News

Heartland Express Profit Increases Nearly 28%

Photo: Evan Lockridge

Iowa-based trucking company Heartland Express has reported net income increased $3.4 million to $15.9 million in the third quarter of the year compared to $12.4 million in the 2012 period, a 27.6% increase.

Tags: Fleets, Earnings, Heartland Express

October 16, 2013 - Industry News

Marten Transport Posts Record Quartely Profit

Marten Transport has reported its best profit of any quarter in the company’s history. It improved 22.4% to $8 million, for the third quarter of this year, up from $6.5 million for the third quarter of 2012.

Tags: Fleets, Earnings, Marten Transport

October 15, 2013 - Industry News

J.B. Hunt Posts Higher Third Quarter Profit

Credit: DangApricot via Wikimedia Commons

J. B. Hunt Transport Services has announced third quarter 2013 net earnings of $89.5 million, compared to third quarter 2012 net earnings of $78.2 million.

Tags: J.B. Hunt, Fleets, Earnings

October 9, 2013 - Industry News

Knight Expects Lower Third and Fourth Quarter Business

Kevin Knight, Knight Transportation, chairman and CEO. Photo: Knight Transportation

A number of factors negatively impacted the third quarter of 2013, it said in a release, which has resulted in expected earnings below original estimates.

Tags: Fleet Financials, Earnings, Knight Transportation

September 17, 2013 - Industry News

Cummins Shares Plans for Profitable Growth With Investment Community

Senior leaders of Cummins Inc. Tuesday shared their five-year plans for profitable growth, emphasizing the opportunities presented by tightening emissions regulations in many parts of the world and the acquisition of its distributors in North America.

Tags: Cummins, Earnings, Engines

September 4, 2013 - Industry News

Navistar Moves to Cut Jobs as Third Quarter Loss Widens

Truck and engine manufacturer Navistar International announced a fiscal third quarter 2013 net loss of $247 million compared to third quarter 2012 net income of $84 million. Earlier this month, the company began implementing new cost-reduction initiatives, including a reduction in its workforce.

Tags: Cummins, Navistar, SCR, Earnings, Engines

August 9, 2013 - Industry News

Arkansas Best Second Quarter Profit Shrinks, Reports Loss for First Half of 2013

Arkansas Best, has reported second quarter 2013 net income but continued to sustain losses for the first six months of the year as costs for salaries, wages and benefits at less-than-truckload carrier subsidiary ABF Freight System, offset improving revenue...

Tags: Fleet Financials, Earnings, Arkansas Best, Teamsters, Panther, ABF

August 7, 2013 - Industry News

YRC Worldwide Narrows Second Quarter Loss

Photo: Evan Lockridge

The parent to several trucking companies, YRC Worldwide, lost money in the second quarter of the year, but not as much when compared to the same time a year ago.

Tags: Fleet Financials, Earnings, YRC Worldwide

July 26, 2013 - Industry News

Covenant, Pacer, Saia, UTI, P.A.M. Report Financials

More carriers have reported second quarter financial results, with both Covenant Transport and Universal Truckload showing a decline in profit, Pacer showing a slighter bigger one, and Saia and P.A.M. showing increases in both profit and revenue.

Tags: Fleet Financials, Covenant Transport, Earnings, Saia, Pacer Transportation, Universal Truckload, P.A.M. Transportation, Fleets

July 25, 2013 - Industry News

Swift Earnings Increase Due to Pickup in Truckload and Intermodal Operations

The multi-service trucking provider Swift Transportation saw an increase in both earnings and revenue during the second quarter of the year. The Arizona-based operation posted a profit of $42.9 million compared to $33.7 million from the same time a year ago.

Tags: Fleet Financials, Earnings, Swift Transportation, Fleets

July 25, 2013 - Industry News

Landstar Profit and Revenue Falls

Asset-light trucking company Landstar System has reported a second quarter downturn in profit and business but expects a pickup in the current quarter.

Tags: Fleet Financials, Earnings, Landstar, Fleets

July 25, 2013 - Industry News

Old Dominion Profit Soars in Second Quarter

Less-than-truckload carrier Old Dominion Freight Line has reported a big boost in profit and business for the second quarter of the year as well as the first half of 2013.

Tags: Fleet Financials, Old Dominion Freight Line, Earnings, Fleets

July 25, 2013 - Industry News

USA Narrows Loss on Higher Revenue

Arkansas-based USA Truck announced improved year-over-year financial results for the second quarter of the year, with an 7.7% increase in revenue and a lower net loss than the same time last year.

Tags: Fleet Financials, Earnings, USA Truck

July 24, 2013 - Industry News

Knight Profit Edges Downward in Second Quarter

Knight's non-asset service offerings saw revenue growth of 64%, says Kevin Knight, chairman and CEO.

Phoenix-based truckload and logistics services provider Knight Transportation reports profit in the second quarter of the year declined slightly, despite an uptick in revenue.

Tags: Fleet Financials, Earnings, Knight Transportation

July 23, 2013 - Industry News

UPS Profit Falls Slightly in Second Quarter

Parcel and freight transport giant UPS has reported a slight drop in its second quarter profit, falling from $1.79 billion in 2012 to $1.74 billion for the most recent quarter.

Tags: UPS, Earnings, Fleets, Fleet Financials

July 23, 2013 - Industry News

Werner Second-Quarter Profit and Revenue Fall

Werner Enterprises saw its total revenue fall 3% to $506.6 million in the second quarter compared to last year, while net income dropped 16% to $25.8 million. A cold, wet April was the primary culprit.

Tags: Werner Enterprises, Earnings, Fleet Financials, Fleets

July 22, 2013 - Industry News

Heartland Express Reports Improved Second Quarter Profit

Iowa-based truckload carrier Heartland Express announced financial results for the second quarter of the year, showing net income increased $0.9 million to $19.1 million compared to $18.2 million in the 2012 period, a 5% increase.

Tags: Earnings, Heartland Express, Fleet Financials, Fleets, Freightliner, Navistar

June 19, 2013 - Industry News

FedEx Reports Big Decline In Fourth Quarter Earnings, Freight Unit Holds Steady

The trucking, airline and parcel operation FedEx, reports revenue increased during its fiscal fourth quarter while net earnings were sharply lower.

Tags: Earnings, FedEx

May 6, 2013 - Industry News

YRC Reports First Quarter Profit for the First Time in Six Years

For the first time since 2007, YRC Freight reported positive operating income in the first quarter.

YRC Worldwide has done something it hasn’t in quite a while: posted positive first quarter financial numbers.

Tags: Earnings, YRC Worldwide, LTL, Fleet Financials

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