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Fleet Earnings

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February 2, 2016 - Industry News

Earnings Watch: UPS, USA Truck, Ryder Report Profit Gains

UPS Inc. reported its profit skyrocketed in the fourth quarter of the year, totaling $1.33 billion compared to $453 million a year earlier as the company also beat an earnings forecast. USA Truck and Ryder also saw higher profits.

Tags: Economy, UPS, Ryder System, USA Truck, UPS Freight, Fleet Earnings

January 29, 2016 - Industry News

Earnings Watch: Paccar Record Annual Income, Werner Profit Rises

UPDATED -- Truck and engine manufacturer Paccar on Friday reported record annual revenue of $19.12 billion and record net income of $1.60 billion for 2015, but fell short of analysts’ expectations in the final quarter of the year.

Tags: Kenworth, Paccar, Peterbilt, Paccar Financial, Paccar Parts, Quarterly Earnings, Fleet Earnings, Werner Enterprises

January 28, 2016 - Industry News

Earnings Watch: Landstar Beats Fourth Quarter Expectations

The asset-light trucking and logistics provider Landstar Thursday reported a decline in its fourth quarter profit, but it was higher than expected, and the company also improved its annual performance.

Tags: Economy, Landstar, Landstar System, Fleet Earnings

January 27, 2016 - Industry News

Earnings Watch: Lower Fourth Quarter Profits for Knight, Celadon

UPDATED -- Net income for two trucking and logistics companies experienced pullbacks in the fourth quarter of the year, according to earnings reports released Wednesday.

Tags: Economy, Celadon Trucking Services, Celadon Group, Knight Transportation, Fleet Earnings

January 27, 2016 - Industry News

Earnings Watch: Heartland Profit Drops, Patriot Moves Higher

Earnings for the trucking company Heartland Express Inc. (NASDAQ: HTLD) declined in both the final quarter of 2015 and all of last year due to less business while Patriot Transportation Holding Inc. (NASDAQ: PATI) saw an improvement due in large part to a legal settlement.

Tags: Florida, Economy, Patriot Transportation, Heartland Express, Fleet Earnings

January 26, 2016 - Industry News

Marten Transport Increases Annual Profit Nearly 20 Percent

The trucking company Marten Transport Ltd. (NASDAQ: MRTN) on Tuesday announced slightly lower earnings for the fourth quarter of the year while seeing a 19.8% increase in its annual profit compared to a year earlier.

Tags: Economy, Marten Transport, Fleet Earnings

January 25, 2016 - Industry News

Earnings Watch: Swift Beats Expectations, Covenant Numbers Mixed

One of the nation’s largest trucking companies reported improved earnings for the final quarter of last year and beating its expectations for all of 2015 while another publicly held fleet's latest three-month numbers failed to live up to its annual performance.

Tags: Economy, Covenant Transport, Swift Transportation, Covenant Transportation Group, Fleet Earnings

January 22, 2016 - Industry News

Earnings Season Begins with J.B. Hunt Profit Increase

Although many analysts are expecting generally lower fourth-quarter earnings for the nation’s publicly held companies, J.B. Hunt kicked off the earnings season for trucking on Thursday by reporting a 6% increase in profit.

Tags: Economy, Intermodal, JB Hunt, Fleet Earnings

November 4, 2015 - Industry News

Earnings Watch: XPO Losses, Revenue Grow; USA Truck Profit Falls

XPO Logistics, which closed this week on its purchase of Con-Way Inc., reported more revenue but a bigger loss in its third-quarter earnings report, while the mainly truckload fleet USA Truck showed a smaller profit.

Tags: Economy, USA Truck, Con-way Inc., XPO Logistics, Fleet Earnings

October 30, 2015 - Industry News

Earnings Watch: Celadon, ODFL, YRC Worldwide, ArcBest, Hub Group

More trucking companies have released their third quarter financial earnings, showing improvements from a year earlier or at least maintaining their ground, despite complaints about the recent freight-hauling environment.

Tags: Celadon Trucking Services, Celadon Group, ABF, YRC Worldwide, YRC Freight, Hub Group, ArcBest Corp., Fleet Earnings, Economy, Old Dominion Freight Line, LTL

October 28, 2015 - Industry News

Earnings Watch: Saia, Heartland Report Lower Profits

One trucking company serving mainly the less-than-truckload market and another in the truckload sector have both reported lower third quarter earnings.

Tags: Economy, Heartland Express, Saia, Fleet Earnings

October 27, 2015 - Industry News

Earnings Watch: Swift, UPS, PAM, Roadrunner

Some of the nation’s largest fleets have reported mixed financial results or expectations as the freight environment in the third quarter has remained soft.

Tags: UPS, Roadrunner Transportation, Swift Transportation, PAM Transport, Fleet Earnings

October 23, 2015 - Industry News

Earnings Watch: Volvo Doubles, Landstar Sets New Record

One truck maker has reported its third quarter profit doubled and is considering the sale of its used truck business while one of the nation’s largest trucking fleets has reported new records for the period in several areas.

Tags: Economy, Volvo Trucks, Mack Trucks, Earnings, Landstar System, Fleet Earnings

October 22, 2015 - Industry News

Earnings Watch: Werner, Knight, Ryder, Forward Air

Two large trucking fleets reported big increases in profits for the third quarter of the year. A fleet management and related services conglomerate also saw a hike, but things slipped for a niche trucking provider.

Tags: Economy, Ryder System, Werner Enterprises, Forward Air, Knight Transportation, Fleet Earnings

October 20, 2015 - Industry News

Marten Transport Profit Improves Nearly 10 Percent

Marten Transport reported a 9.9% increase in third quarter net income from a year earlier, due in part to increased dedicated business.

Tags: Economy, Marten Transport, Fleet Earnings

October 19, 2015 - Industry News

Covenant Transport Reports Strong Earnings Increase

Covenant Transportation Group reported a big gain in third quarter profit. Revenue slipped 2.3% but freight revenue moved higher.

Tags: Economy, Covenant Transport, Fleet Earnings

October 14, 2015 - Industry News

J.B. Hunt Profit Increases to $115 Million

J.B. Hunt's third quarter net earnings exceeded analyst expectations at $115.1 million, or diluted earnings per share of 99 cents, compared to third quarter 2014 net earnings of $102.4 million, or 87 cents per diluted share.

Tags: J.B. Hunt, Freight Rates, Fleet Earnings

October 13, 2015 - Industry News

Ryder is Latest to Revise Earnings Outlook

Ryder System Inc. has become the latest trucking operation to revise downward expectations for its upcoming third quarter earnings.

Tags: Ryder System, Fleet Earnings

September 28, 2015 - Industry News

Radiant Logistics Profit Higher, Revenue Jumps

The third party logistics and multi modal transportation services provider Radiant Logistics Inc. reported a small increase in net earnings following the purchase of three operations earlier this year.

Tags: Fleet Earnings, Radiant Logistics

September 25, 2015 - Industry News

Swift Transportation Revises Profit Expectations

Photo by Evan Lockridge

Swift Transportation has lowered projections for profits for the final two quarters of the year and for the full year, due in large part to at least one accident, legal claims and expected lower freight volume.

Tags: Economy, Swift Transportation, Fleet Earnings

September 16, 2015 - Industry News

FedEx Reports $692 Million Profit, Increases Rates

Weaker LTL industry demand is prompting FedEx to lower its guidance for the year. (Photo courtesy FedEx.)

FedEx Corp.'s profits in its most recent fiscal quarter increased from a year earlier, but the company lowered expectations for the full year.

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

August 10, 2015 - Industry News

Earnings Watch: XPO Logistics, Echo Global Logistics

Two varied freight transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases while the other moved into the red, but only slightly.

Tags: Economy, XPO Logistics, Echo Global Logistics, Fleet Earnings

August 4, 2015 - Industry News

Earnings Watch: Roadrunner Transportation, USA Truck

Roadrunner Transportation Systems Inc. on Tuesday reported increases for both profit and revenue for the second quarter of the year.

Tags: USA Truck, Fleet Earnings, Roadrunner Transportation, Economy

August 3, 2015 - Industry News

ArcBest Reports $20 Million Profit

With record second-quarter revenue, ArcBest's net income rose to $20 million, or 74 cents per diluted share, from $17.2 million, or 64 cents per diluted share a year earlier.

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

July 30, 2015 - Industry News

Earnings Watch: YRC Back in the Black, ODFL Profit Up 16%

UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.

Tags: Economy, Old Dominion Freight Line, Fleet Earnings

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