June 10, 2013 - Industry News
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
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
April 30, 2013 - Industry News
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
April 29, 2013 - Industry News
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
March 7, 2013 - Industry News
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
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
February 14, 2013 - Industry News
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
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
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
February 4, 2013 - Industry News
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 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
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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