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Fleet Earnings

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July 29, 2016 - Industry News

Earnings Watch: UPS, YRC, Saia, ArcBest, Universal

The week wrapped up with more fleets reporting their second-quarter earnings. Like many that have already advised, profits for three were lower, while the largest trucking company in the nation and another a few years ago that was on the brink of extinction showed improvements.

Tags: Economy, UPS, ABF, YRC Worldwide, YRC Freight, Saia, UPS Freight, Universal Truckload, ArcBest Corp., Fleet Earnings, Universal Logistics Holdings

July 27, 2016 - Industry News

Earnings Watch: Covenant, Knight, Roadrunner See Lower Profits

Phrases such a “challenging freight market” and a freight environment that’s “less attractive” continued to be some of the buzz words Wednesday as another raft of second quarter corporate earnings washed ashore, while one company defied the trend with its net income soaring more than 300%.

Tags: Economy, Covenant Transport, Roadrunner Transportation, Knight Transportation, Echo Global Logistics, Covenant Transportation Group, Fleet Earnings

July 26, 2016 - Industry News

Earnings Watch: Hub, C.H. Robinson, Wabash National, Rush Enterprises

The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.

Tags: Economy, Truck Sales, 3PL, Rush Enterprises, Earnings, Wabash National, C.H. Robinson, Hub Group, Fleet Earnings

July 22, 2016 - Industry News

Earnings Watch: Werner, Swift Profits Fall; Forward Air Reports Loss

Profits for two trucking companies turned lower in the second quarter of the year while a third moved into the red, according to newly released earnings reports.

Tags: Economy, Werner Enterprises, Forward Air, Swift Transportation, Freight Rates, Fleet Earnings

July 20, 2016 - Industry News

Landstar Profit Sinks 20%, Falls Short of Expectations

Asset-light trucking and related services provider Landstar System reported a 20% second quarter decline in earnings due to lower revenue and a big insurance claim.

Tags: Economy, Landstar, Landstar System, Fleet Earnings

July 19, 2016 - Industry News

Earnings Watch: Marten Profit Bumps 2% Higher

Temperature-controlled carrier Marten Transport reported an increase in its second quarter earnings. Although it's another small gain, it did beat analysts' expectations.

Tags: Economy, Marten Transport, Fleet Earnings

July 18, 2016 - Industry News

Earnings Watch: J.B. Hunt Improves Second Quarter Profit by 2%

Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.

Tags: Economy, 3PL, Intermodal, J.B. Hunt, Earnings, Fleet Earnings, Dedicated Fleets

July 8, 2016 - Industry News

Earnings Watch: Universal Truckload Latest to Lower Expectations

Universal Logistics Holdings is projecting lower second-quarter earnings, just the latest trucking operation indicating it will fall short of analysts' expectations in a challenging business environment.

Tags: Fleet Financials, Fleet Earnings

June 22, 2016 - Industry News

Earnings Watch: Covenant Latest to Lower Second Quarter Outlook

Covenant Transportation Group Inc. has lowered expectations for its second quarter earnings report due to the current freight market as well as internal issues it’s facing.

Tags: Economy, Covenant Transport, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

June 21, 2016 - Industry News

Earnings Watch: FedEx Narrows Loss, Werner Lowers Expectations

FedEx Corp. cut much, but not all, of its second quarter losses compared to a year earlier, while a preview of Werner Enterprises Inc. second quarter earnings sent heartburn throughout trucking and Wall Street amid concerns about second quarter trucking profits.

Tags: Economy, Werner Enterprises, FedEx, FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings

May 16, 2016 - Industry News

Earnings Watch: Radiant Logistics Moves Into the Red

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. reported on Monday afternoon it swung from a profit to a loss in the first quarter of the year despite a 54.2% increase in net revenue.

Tags: Economy, Earnings, Radiant Logistics, Fleet Earnings

May 5, 2016 - Industry News

Earnings Watch: Roadrunner Profit Dives; XPO, USA Truck Report Losses

Loose capacity and a sluggish economy in the first quarter helped drive down earnings for Roadrunner, XPO and USA Truck.

Tags: Roadrunner Transportation, USA Truck, XPO Logistics, Fleet Earnings

April 29, 2016 - Industry News

Earnings Watch: ABF Parent ArcBest Moves to a First Quarter Loss

The parent to less-than-truckload carrier ABF Freight moved into the red in the first quarter of the year, according to its earnings report released Friday, as many other companies are also reporting weaker performances compared to a year ago

Tags: Economy, Earnings, ABF, ArcBest Corp., Fleet Earnings

April 28, 2016 - Industry News

Earnings Watch: UPS Jumps; YRC Improves; ODFL, Universal Lower

UPDATED -- Another day, another raft of earnings reports on Thursday from the nation’s publicly owned trucking companies. Continuing a trend this first quarter, the companies' numbers are as varied as the services they offer.

Tags: Economy, UPS, Old Dominion Freight Line, Earnings, UPS Freight, Universal Truckload, Fleet Earnings, YRC Worldwide, YRC Freight

April 27, 2016 - Industry News

Earnings Watch: Saia, Patriot, Covenant and Celadon

The wave of first quarter earnings reports from the nation’s publicly owned fleets continued on Wednesday, with three out of four lower than a year earlier due mainly to less freight to move.

Tags: Florida, Economy, Celadon Trucking Services, Celadon Group, Covenant Transport, Earnings, Patriot Transportation, Saia, Covenant Transportation Group, Fleet Earnings

April 26, 2016 - Industry News

Earnings Watch: Hub Group Leaps, C.H. Robinson Gains, Heartland Slips

Three more companies offering trucking and related services issued first quarter earnings reports on Tuesday, with each reporting very different results.

Tags: Economy, Earnings, C.H. Robinson, Hub Group, Fleet Earnings, Heartland Express

April 21, 2016 - Industry News

Earnings Watch: Swift Profits Fall, Forward Air and Marten Improve

UPDATED -- Truckload carrier Swift Transportation Co. saw its net income decline in the first quarter of the year while profit for the time definite surface transportation and logistics provider Forward Air Corp. more than doubled as refrigerated hauler Marten Transport Ltd. reported a boost in two ways.

Tags: Economy, Earnings, Forward Air, Swift Transportation, Fleet Earnings, Marten Transport

April 20, 2016 - Industry News

Earnings Watch: Knight, Landstar and Werner Profits Decline

UPDATED – Three large publicly held trucking fleets reported first quarter earnings on Wednesday with all showing a decline in profits from a year earlier.

Tags: Earnings, Knight Transportation, Landstar System, Fleet Earnings, Werner Enterprises

April 18, 2016 - Industry News

Earnings Watch: J.B. Hunt Profit Increases Nearly 9%

J.B. Hunt Transport Services says its first-quarter profit increased 8.9% from a year earlier as revenue rose by 6%, thanks to volume growth, improved network operations, higher equipment utilization, lower maintenance costs and increased contract pricing.

Tags: Economy, 3PL, Intermodal, Earnings, JB Hunt, Dedicated Fleets, Fleet Earnings

March 16, 2016 - Industry News

Earnings Watch: FedEx Profit Falls, Adjusted Earnings Up

Trucking and parcel delivery company FedEx Corp. on Wednesday reported lower quarterly profits, but adjusted earnings were better than expectations.

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

February 24, 2016 - Industry News

Earnings Watch: XPO Reports Loss of Nearly $63 Million

Despite greatly increased revenue in the final quarter of last year and for all of 2015, the fleet that purchased Con-way last year reported bigger losses.

Tags: Economy, Con-Way, XPO Logistics, Fleet Earnings

February 17, 2016 - Industry News

Earnings Watch: Radiant Reports Net Loss, Adjusted Earnings Increase

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. moved from a fourth quarter profit a year ago to loss in the most recent quarter, but adjusted earnings improved.

Tags: Economy, Radiant Logistics, Fleet Earnings

February 10, 2016 - Industry News

Earnings Watch: Forward Air, Rush Enterprises

A record-setting fourth quarter for trucking company Forward Air Corp. has it looking forward to a banner 2016, while Rush Enterprises is cost-cutting to compensate for the low truck sales in the energy sector in 2015.

Tags: Economy, Equipment, Truck Sales, Rush Truck Centers, Rush Enterprises, Forward Air, Fleet Earnings

February 5, 2016 - Industry News

Earnings Watch: Saia Profit Declines 16%, Beats Estimates

Saia Inc. saw its fourth quarter profit decline to $11.4 million, or 45 cents per diluted share, from $13.6 million, or 53 cents per diluted share a year earlier, beating analysts' estimates.

Tags: LTL, Saia, Fleet Earnings

February 4, 2016 - Industry News

Earnings Watch: Hub Group, Roadrunner, ODFL, YRC Worldwide

Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.

Tags: Economy, Old Dominion Freight Line, Roadrunner Transportation, YRC Worldwide, YRC Freight, Hub Group, Fleet Earnings

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