TopNews

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

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

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

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

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

Tags: Financials, Saia

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

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

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

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

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

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

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

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