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January 7, 2014 - Industry News

YRC Worldwide Looking to Borrow More Than $1 Billion to Stay Afloat

The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.

Tags: Fleet Financing, Fleets, financials, Teamsters, YRC Worldwide

October 30, 2013 - Industry News

Saia Third Quarter Profit Jumps 34%

Photo: Evan Lockridge

Multi-regional, less-than-truckload carrier Saia has reported third-quarter revenue of $293 million, an increase of 5.4% from the same time in 2012.

Tags: Fleets, financials, Saia

October 8, 2013 - Industry News

Navistar to Offer $200 Million in Notes, Credit Rating Lowered by S&P

UPDATED--Navistar International has announced its latest financial move to prop up its money-losing operations, but a major credit rating agency doesn't seem that impressed, despite truck order numbers increasing.

Tags: Navistar, financials

August 2, 2013 - Industry News

Con-way Reports Net Income is Up

Con-way Inc. reported 2013 second-quarter net income of $42.9 million, or 75 cents per diluted share. The results compare to second-quarter 2012 net income of $41.8 million, or 74 cents per diluted share.

Tags: financials, Con-Way

August 2, 2013 - Industry News

Westport Reports Net Loss of $33.9 million

Westport Innovations Inc. reported financial results for the second quarter ended June 30, 2013 and provided an update on operations. Westport revenue, excluding joint ventures' revenues, for the quarter ended June 30, 2013 was $34.9 million compared with $49.1 million for the same period last year. The prior quarter period included $14.1 million of service and other revenue recognized under OEM development agreements, including a one-time license revenue of $8.0 million.

Tags: financials, Westport Innovations

August 1, 2013 - Industry News

Meritor Reports 3rd Quarter Fiscal Year Sales Down

For the third quarter of fiscal year 2013, Meritor posted sales of $993 million, down 11% from the same period last year. This decrease was primarily due to lower sales in North America, the company's military business and China.

Tags: Meritor, financials

July 28, 2013 - Industry News

Rush Enterprises Reports Second Quarter Net Income Decreased Y-o-Y

Rush Enterprises Inc., which operates the largest network of commercial vehicle dealerships in North America, announced that for the quarter ended June 30, 2013, the company's net income was $5.6 million, or $0.14 per diluted share, compared with net income of $17.4 million, or $0.44 per diluted share, in the quarter ended June 30, 2012.

Tags: Rush Enterprises, financials

June 10, 2013 - Industry News

Navistar Reports 2Q Loss of $374 Million, Strong Increase in May Orders

Navistar International Corp. announced a second quarter net loss of $374 million, or $4.65 per diluted share, compared to a second quarter 2012 net loss of $172 million, or $2.50 per diluted share. At the same time, it said it has seen a strong increase in May Class 8 orders and announced it will start adding SCR aftertreatment to its medium-duty trucks.

Tags: Navistar, SCR, financials

May 3, 2013 - Industry News

First Quarter Revenues for Cummins Decreased Y-o-Y

Cummins Inc. reported first quarter revenues of $3.9 billion decreased 12% from the first quarter of 2012. Revenues in North America declined by 15% and international revenues declined by 10% as the company experienced weaker demand in most major geographies and end markets.

Tags: Cummins, financials

May 3, 2013 - Industry News

Con-way Reports Loss in Y-o-Y First Quarter Net Income

Con-way Inc. reported 2013 first-quarter net income of $14 million, or 25 cents per diluted share. The results compare to first-quarter 2012 net income of $25.6 million, or 46 cents per diluted share.

Tags: financials, Con-Way

April 30, 2013 - Industry News

Arkansas Best Corp. Announces First Quarter Net Loss

Arkansas Best Corp. reported a first quarter 2013 net loss despite continued encouraging trends in its emerging businesses. Year-over-year revenue and tonnage growth at LTL carrier ABF Freight System, Inc., were offset by higher wage and benefit costs for employees represented by the International Brotherhood of Teamsters.

Tags: financials, Arkansas Best, Teamsters, Fleet news

April 30, 2013 - Industry News

Meritor Reports Sales Down 22%

Meritor Inc. reported financial results for its second fiscal quarter ended March 31, 2013, which included that its sales were $908 million, down $252 million or 22 percent, from the same period last year.

Tags: Meritor, Aftermarket, financials, Earnings

April 29, 2013 - Industry News

Saia Reports Increased Revenues

Saia Inc. reported improved first quarter 2013, which include revenues which total $274 million, an increase of 1.9%.

Tags: financials, Saia

April 29, 2013 - Industry News

Celadon Reports Decreased Revenues for Fiscal Third Quarter

Celadon Group Inc. reported its financial and operating results for the three months ended March 31, 2013, the third fiscal quarter of the company's fiscal year ending June 30, 2013. Revenue for the quarter decreased 2.4% to $149.6 million in the 2013 quarter from $153.3 million in the 2012 quarter. Freight revenue decreased 1.9% to $118.7 million in the 2013 quarter from $121 million in the 2012 quarter.

Tags: Celadon, financials

March 7, 2013 - Industry News

Navistar Names Troy Clarke CEO, Reports Smaller 1Q Loss

The SCR-equipped ProStar, left, and Troy A. Clarke, who will take over as Navistar CEO April 15.

Citing significant progress in its turnaround plan and announcing a smaller first-quarter loss than it had a year ago, Navistar International has named Troy Clarke president and chief executive officer, with interim CEO Lewis Campbell stepping down April 15.

Tags: Navistar, financials

February 22, 2013 - Industry News

Quality Distribution Posts Larger Yearly Profit, P.A.M. Transportation Back In The Black

Bulk chemical hauler, Quality Distribution, has released numbers showing it increased profit in 2012 compared to the year before, while the dry van truckload carrier, P.A.M. Transportation, posted a profit last year compared to a loss in 2011.

Tags: financials, P.A.M. Transportation, Quality Distribution

February 22, 2013 - Industry News

Dana Posts Record Yearly Profit, Goodyear Profit Shrinks

Supplier to the trucking business and other sectors, Dana Holding Corp. has released financials showing record income last year, despite sales slipping, while the tire maker, Goodyear, reported lower numbers for the same periods.

Tags: Goodyear, Dana Holding Corp., financials

February 14, 2013 - Industry News

Rush Enterprises Reports Fourth Quarter and Year-End Results

Rush Enterprises Inc., which operates the largest network of commercial vehicle dealerships in North America, reported record annual revenues of $3.1 billion compared to $2.6 billion in 2011 and net income of $62.5 million, or $1.57 per diluted share, up 11% over the previous year.

Tags: Rush Enterprises, financials

February 10, 2013 - Industry News

YRC Reports Positive Numbers For A Change

The parent of trucking companies YRC Freight and others, YRC Worldwide, has posted its first positive yearly numbers in six years, but things overall still need improvement in order to forget the company coming close to bankruptcy more than once in recent years.

Tags: Fleet Financials, LTL, YRC, Fleets, financials

February 7, 2013 - Industry News

Con-way, ODFL, Roadrunner Report Financial Results

Three more carriers released their earnings reports. Con-way's fourth quarter profit took a big decline but was up for the year, while Roadrunner Transportation broke through the $1 billion revenue barrier in 2012 and Old Dominion Freight Line posted record numbers.

Tags: Fleet Financials, Old Dominion Freight Line, Roadrunner Transportation, financials, Con-Way

February 7, 2013 - Industry News

Some Truck OEs Offer Cautious Tone In Earnings Reports, but Wabash Predicts Possible Record Year

Several equipment makers released their latest financials this week, with some showing signs of slowing sales and concerns about the future and others at the opposite end of the spectrum. That was the sentiment coming from Cummins, Wabash National, Daimler and Volvo.

Tags: Volvo, Cummins, Daimler Trucks, Daimler AG, Wabash, financials, Global

February 4, 2013 - Industry News

Paccar Announces Fourth Quarter Revenues and Profits

Paccar reported record revenues for 2012 and its 74th consecutive year of net profit. Paccar’s annual revenues of $17.05 billion were the highest in company history and the $1.11 billion of net income was the fourth best in its history.

Tags: Paccar, Revenues, financials

February 1, 2013 - Industry News

Covenant Reports Positive 2012 and Fourth Quarter, Compared to Year-Ago Losses

Covenant Transportation Group, Chattanooga, Tenn., saw its revenue rise nearly 10% over last year's fourth quarter and its net income turn positive compared to a loss.

Tags: Fleet Financials, Fleets, Owner-Operators, financials, Covenant, teams

January 23, 2013 - Industry News

Marten Transport Reports Record Profits

Wisconsin-based Marten Transport has reported its highest income for any quarter as well as any year in its history

Tags: Fleets, financials, Marten

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