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Fleet Earnings

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February 12, 2018 - Industry News

Earnings Watch: Heartland Express Annual Profit Swells to $75 Million

Trucking company Heartland Express Inc. on Monday reported higher profits for the final quarter of 2017 and for all of last year, but that was not enough to move its operating income higher.

Tags: Heartland Express, Fleet Earnings

February 8, 2018 - Industry News

Earnings Watch: Old Dominion, Hub Group, Radiant Logistics Profits Move Higher

The fourth quarter 2017 earnings reporting season continued on Thursday with another three fleets – Old Dominion Freight Line, Hub Group, and Radiant Logistics – reporting increased profits, due not only to more business and better rates, but also to tax reform.

Tags: Old Dominion Freight Line, Intermodal, Hub Group, Radiant Logistics, Fleet Earnings

February 7, 2018 - Industry News

Earnings Watch: Better Profits for XPO, Forward Air, Echo Global Logistics

Most trucking companies so far this earnings reporting season are reporting big gains in profits in both the fourth quarter of last year as well as for all of 2017. This is due in large part to tax reform legislation, and numbers released Wednesday were no exception.

Tags: Forward Air, XPO Logistics, Echo Global Logistics, Fleet Earnings

February 1, 2018 - Industry News

Earnings Watch: UPS, Daimler Record Big Profits

Two of the biggest names in trucking, one in the shipping business and the other in the manufacturing sector, reported their fourth quarter 2017 and full-year earnings on Thursday morning and both showed big gains.

Tags: UPS, Freightliner, Western Star, Daimler, Daimler Trucks North America, UPS Freight, Quarterly Earnings, Fleet Earnings, Global

January 31, 2018 - Industry News

Earnings Watch: Landstar Reports Record Quarterly Revenue, ArcBest Profit Improves

More trucking companies on Wednesday reported surging fourth-quarter earnings and higher profits for the year, including Landstar and ArcBest.

Tags: ArcBest Corp., Landstar System, Fleet Earnings

January 30, 2018 - Industry News

Earnings Watch: Knight-Swift, C.H. Robinson Report Better Profits

Truckload carrier Knight-Swift Transportation Tuesday reported the biggest gain in earnings seen so far this earnings season, while third-party logistics provider C.H Robinson Worldwide reported a more modest increase in profits.

Tags: Swift Transportation, Knight Transportation, C.H. Robinson, Fleet Earnings, Knight-Swift

January 29, 2018 - Industry News

Earnings Watch: Werner, Covenant Profits Leap Due to New Tax Laws

Two major trucking companies on Monday announced huge increases in their earnings for the final quarter of 2017 and for all of last year, both due to changes made by Congress in federal tax laws.

Tags: Werner Enterprises, Covenant Transport, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

January 25, 2018 - Industry News

Earnings Watch: Marten Transport Profits Balloon

Refrigerated trucking company Marten Transport Ltd. on Thursday reported sharply higher profits for the final quarter of 2017 and for the full year.

Tags: Marten Transport, Fleet Earnings

January 18, 2018 - Industry News

Earnings Watch: J.B. Hunt Profit More Than Triples

Trucking, intermodal and logistics services provider J.B. Hunt Transport Services Inc. kicked off the fourth quarter 2017 and full-year earnings season in the trucking industry on Thursday when it reported big gains in profits for both periods, due in large part to the recent tax law changes approved by Congress late last year.

Tags: Intermodal, J.B. Hunt, Fleet Earnings

December 19, 2017 - Industry News

FedEx Quarterly Profit Jumps to $775 Million

Trucking and parcel delivery company FedEx Corp. released on Tuesday its fiscal second quarter numbers showing significant hikes in both earnings and revenue.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, FedEx

November 13, 2017 - Industry News

Earnings Watch: Daseke Returns to Profitability in Third Quarter

Flatbed and specialized trucking company operator Daseke Inc. moved back into the black during the third quarter after reporting a loss during the same time in 2016.

Tags: Fleet Earnings, Daseke Inc.

November 7, 2017 - Industry News

Earnings Watch: Schneider National Profits Hit by Costs, Hurricanes

Trucking giant Schneider National Inc. on Tuesday reported increased costs and severe weather in parts of the country kept its third quarter profit from rising significantly when compared to a year earlier.

Tags: Schneider National, Fleet Earnings

November 6, 2017 - Industry News

Earnings Watch: Knight-Swift Affected by Merger Costs, Driver Shortage

Truckload and logistics provider Knight-Swift Transportation Holdings Inc. released third quarter earnings on Monday that showed a big drop in profit compared to a year ago, but the numbers do not paint an entirely accurate picture following the merger of the two truckload companies.

Tags: Swift Transportation, Knight Transportation, Fleet Earnings, Knight-Swift

November 3, 2017 - Industry News

Earnings Watch: ArcBest Rises, YRC Plummets, USA Ekes Out Profit

Trucking and logistics provider ArcBest reported third quarter numbers showing net income improved a little more than 14.5% to $14.8 million, or 56 cents per share, 2 cents below Wall Street expectations.

Tags: USA Truck, ABF, YRC Worldwide, YRC Freight, ArcBest Corp., Fleet Earnings

November 2, 2017 - Industry News

Earnings Watch: XPO Sets Record High; C.H. Robinson, Hub Group Post Declines

Trucking and logistics provider XPO Logistics Inc. on Wednesday reported income and revenue hit a record-high of any quarter during the third quarter of 2017. C.H. Robinson and Hub Group, however, did not fare as well.

Tags: XPO Logistics, C.H. Robinson, Hub Group, Fleet Earnings

October 26, 2017 - Industry News

Earnings Watch: ODFL Earnings Increase Almost 20%, UPS Profit Remains Strong

The mainly less-than-truckload fleet Old Dominion Freight Line Inc. has reported its profit rose nearly 20% in the third quarter of the year, due in part to a better overall economy and freight rates.

Tags: UPS, Old Dominion Freight Line, UPS Freight, Fleet Earnings

October 19, 2017 - Industry News

Earnings Watch: Werner, Covenant See Double-Digit Gains; Marten Nearly Unchanged

Three trucking fleets issued their third quarter earnings reports on Thursday, with two showing profits increasing significantly from the same time a year earlier, while the third was healthy but nearly the same as it was a year earlier.

Tags: Werner Enterprises, Covenant Transport, Marten Transport, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

October 16, 2017 - Industry News

Earnings Watch: J.B. Hunt Third Quarter Profit Slips

Profits for multi-modal freight transportation provider J.B. Hunt Transport Services fell a little more than 8% in the third quarter of the year despite increased revenue, with increased driver recruiting and retention costs part of the reason.

Tags: Intermodal, J.B. Hunt, Fleet Earnings

September 19, 2017 - Industry News

Earnings Watch: FedEx Profit Falls Due to Cyberattack, Hurricane Harvey

FedEx earnings during its fiscal 2018 first quarter fell 17% from a year ago as a result of a cyberattack and Hurricane Harvey, despite a slight improvement in revenue.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, Hurricane Harvey, FedEx

August 9, 2017 - Industry News

Daseke Reports Second Straight Loss Since Going Public

One of the largest owners of flatbed and specialized trucking services providers moved from a profit to a loss in the second quarter of the year while reporting its second straight quarterly loss since becoming a publicly traded company early in 2017.

Tags: Fleet Earnings, Daseke Inc.

August 3, 2017 - Industry News

Earnings Watch: YRC Worldwide Profit Falls, Heartland Profit Slips

Profit for less-than-truckload provider YRC Worldwide Inc. fell nearly 30% in the second quarter from a year earlier, despite increased tonnage per day moved at both its national and regional operations. Heartland Express saw profit and revenue drop, though its operating ratio was the best in two years.

Tags: YRC Worldwide, Heartland Express, Fleet Earnings

August 2, 2017 - Industry News

XPO Profit Jumps As It Mulls More Acquisitions, USA Truck Losses Grow

XPO Logistics' profit during the second quarter was 11.7% higher than a year ago, as a separate report said the company is looking to greatly expand its business in the next year or two. In contrast, USA Truck saw its second quarter loss more than double as revenue declined.

Tags: XPO Logistics, Fleet Earnings

August 1, 2017 - Industry News

Earnings Watch: Schneider Profit Rises 5.2%

Trucking, intermodal and logistics services provider Schneider National Inc. on Tuesday reported its second quarter profit increased 5.2% from a year earlier while revenue improved 8.1%.

Tags: Schneider National, Fleet Earnings

July 20, 2017 - Industry News

Marten Transport Pushes Second Quarter Profit Higher

Marten Transport Ltd. on July 20 reported its second quarter net income increased 7.2% from a year earlier to $9.1 million, or 17 cents per share, which is 2 cents better than analysts' expectations.

Tags: Marten Transport, Fleet Earnings

July 19, 2017 - Industry News

Earnings Watch: C.H. Robinson Earnings Fall 22.4% from Year Earlier

Multi-modal freight transportation services and third-party logistics provider C.H. Robinson Worldwide Inc. reported its second quarter net income fell 22.4% from a year ago despite a 12.4% hike in total revenue.

Tags: C.H. Robinson, Fleet Earnings

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