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Fleet Financials

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January 27, 2014 - Industry News

Swift Transportation Income Up for 2013, Falls in Fourth Quarter

Photo: Evan Lockridge

Trucking company Swift Transportation reported a drop in earnings for the final quarter of 2013 but an increase for all of last year.

Tags: Fleets, Earnings, Swift Transportation, Fleet Financials

December 18, 2013 - Industry News

FedEx Increases Fiscal Second Quarter Profit, Freight Segment Business Up

The FedEx Ground segment reported revenue of $2.85 billion, up 10% from last year and operating income of $424 million, up 3%. Photo: Evan Lockridge

Trucking and parcel delivery provider FedEx has released second quarter fiscal earnings showing gains in both revenue and profit. FedEx is increasing its forecast of full-year earnings per share growth to 8% to 14% above last year's adjusted results.

Tags: Fleets, Earnings, FedEx, Fleet Financials, LTL

December 3, 2013 - Industry News

ODFL Forecasting Fourth Quarter Tonnage Growth

Less-than-truckload carrier Old Dominion Freight Line on Tuesday updated its expectations for growth in tons per day and revenue per hundredweight for the fourth quarter of this year, saying it now expects a larger increase in tons per day.

Tags: Old Dominion Freight Line, Fleets, Freight, Fleet Financials, LTL

November 12, 2013 - Industry News

Arkansas Best, YRC Report Third-Quarter Results

YRC says it's making changes at YRC Freight. Photo by Evan Lockridge

Two of the industry's large, unionized less-than-truckload carriers announced their third quarter results Tuesday, with the non-asset-based Panther Expedited helping Arkansas Best and problems at YRC Freight weighing down YRC Worldwide.

Tags: Fleet Financials, LTL, Arkansas Best, Teamsters, ABF, YRC Worldwide, YRC Freight

October 23, 2013 - Industry News

Knight Transportation Third Quarter Profit Slips

Knight says inflationary cost pressures exceeded the improvement in its revenue per total mile. (Photo by Deborah Lockridge)

Truckload carrier Knight Transportation has reported slightly higher third quarter revenue while income is lower from the same time a year earlier.

Tags: Fleets, Earnings, USA Truck, Knight Transportation, Fleet Financials

October 18, 2013 - Industry News

Covenant Transportation Income Doubles

The parent company of the carrier Covenant Transport and others, Covenant Transportation Group, has announced third quarter net income of $2 million compared with $1 million the same time a year ago. Company officials cited a higher unseated truck percentage and new hours of service regulations as factors.

Tags: Fleets, Fleet Financials, Earnings, Covenant Transport

October 17, 2013 - Industry News

USA Truck Nearly Breaks Even in Third Quarter

The Arkansas-based fleet USA Truck has improved financial results for the third quarter and the first nine months of the year, with a 13.5% increase in revenue and a much smaller net loss than a year ago.

Tags: Fleets, Earnings, USA Truck, Knight Transportation, Fleet Financials

October 9, 2013 - Industry News

Knight Expects Lower Third and Fourth Quarter Business

Kevin Knight, Knight Transportation, chairman and CEO. Photo: Knight Transportation

A number of factors negatively impacted the third quarter of 2013, it said in a release, which has resulted in expected earnings below original estimates.

Tags: Fleet Financials, Earnings, Knight Transportation

September 18, 2013 - Industry News

FedEx Profit Jumps, Freight Division Sees Small Increase

Photo: Evan Lockridge

FedEx has reported increased profits and revenue during the first quarter of its fiscal year that ended August 31.

Tags: Fleet Financials, FedEx

August 9, 2013 - Industry News

Arkansas Best Second Quarter Profit Shrinks, Reports Loss for First Half of 2013

Arkansas Best, has reported second quarter 2013 net income but continued to sustain losses for the first six months of the year as costs for salaries, wages and benefits at less-than-truckload carrier subsidiary ABF Freight System, offset improving revenue...

Tags: Fleet Financials, Earnings, Arkansas Best, Teamsters, Panther, ABF

August 7, 2013 - Industry News

YRC Worldwide Narrows Second Quarter Loss

Photo: Evan Lockridge

The parent to several trucking companies, YRC Worldwide, lost money in the second quarter of the year, but not as much when compared to the same time a year ago.

Tags: Fleet Financials, Earnings, YRC Worldwide

July 26, 2013 - Industry News

Covenant, Pacer, Saia, UTI, P.A.M. Report Financials

More carriers have reported second quarter financial results, with both Covenant Transport and Universal Truckload showing a decline in profit, Pacer showing a slighter bigger one, and Saia and P.A.M. showing increases in both profit and revenue.

Tags: Fleet Financials, Covenant Transport, Earnings, Saia, Pacer Transportation, Universal Truckload, P.A.M. Transportation, Fleets

July 25, 2013 - Industry News

Swift Earnings Increase Due to Pickup in Truckload and Intermodal Operations

The multi-service trucking provider Swift Transportation saw an increase in both earnings and revenue during the second quarter of the year. The Arizona-based operation posted a profit of $42.9 million compared to $33.7 million from the same time a year ago.

Tags: Fleet Financials, Earnings, Swift Transportation, Fleets

July 25, 2013 - Industry News

Landstar Profit and Revenue Falls

Asset-light trucking company Landstar System has reported a second quarter downturn in profit and business but expects a pickup in the current quarter.

Tags: Fleet Financials, Earnings, Landstar, Fleets

July 25, 2013 - Industry News

Old Dominion Profit Soars in Second Quarter

Less-than-truckload carrier Old Dominion Freight Line has reported a big boost in profit and business for the second quarter of the year as well as the first half of 2013.

Tags: Fleet Financials, Old Dominion Freight Line, Earnings, Fleets

July 25, 2013 - Industry News

USA Narrows Loss on Higher Revenue

Arkansas-based USA Truck announced improved year-over-year financial results for the second quarter of the year, with an 7.7% increase in revenue and a lower net loss than the same time last year.

Tags: Fleet Financials, Earnings, USA Truck

July 24, 2013 - Industry News

Knight Profit Edges Downward in Second Quarter

Knight's non-asset service offerings saw revenue growth of 64%, says Kevin Knight, chairman and CEO.

Phoenix-based truckload and logistics services provider Knight Transportation reports profit in the second quarter of the year declined slightly, despite an uptick in revenue.

Tags: Fleet Financials, Earnings, Knight Transportation

July 23, 2013 - Industry News

UPS Profit Falls Slightly in Second Quarter

Parcel and freight transport giant UPS has reported a slight drop in its second quarter profit, falling from $1.79 billion in 2012 to $1.74 billion for the most recent quarter.

Tags: UPS, Earnings, Fleets, Fleet Financials

July 23, 2013 - Industry News

Werner Second-Quarter Profit and Revenue Fall

Werner Enterprises saw its total revenue fall 3% to $506.6 million in the second quarter compared to last year, while net income dropped 16% to $25.8 million. A cold, wet April was the primary culprit.

Tags: Werner Enterprises, Earnings, Fleet Financials, Fleets

July 22, 2013 - Industry News

Heartland Express Reports Improved Second Quarter Profit

Iowa-based truckload carrier Heartland Express announced financial results for the second quarter of the year, showing net income increased $0.9 million to $19.1 million compared to $18.2 million in the 2012 period, a 5% increase.

Tags: Earnings, Heartland Express, Fleet Financials, Fleets, Freightliner, Navistar

July 17, 2013 - Industry News

Marten Transport Increases Second Quarter Income and Revenue

Wisconsin-based temperature-controlled trucking company Marten Transport reported an increase in net income to $7.7 million, for the second quarter ended June 30, compared to $7.6 million from the same time last year.

Tags: Fleet Financials, Marten Transport, Fleets

July 15, 2013 - Industry News

J.B. Hunt Second Quarter Revenue and Profit Improves

J.B. Hunt's intermodal segment saw loads grow by 12%.

J.B. Hunt Transport announced second quarter financials, showing better performance from the same time a year ago, driven by growth in its intermodal, dedicated and logistics operations.

Tags: J.B. Hunt, Fleet Financials, Fleets, Intermodal

June 10, 2013 - Industry News

ODFL Revises Upward Second Quarter Expectations

Less-than-truckload carrier Old Dominion expects growth in tonnage per day to increase in a range of 5.0% to 5.5% compared to the second quarter of 2012, versus its previous expectation of an increase in a range of 4.5% to 5.0%.

Tags: Fleet Financials, Old Dominion Freight Line, LTL, Fleets

May 6, 2013 - Industry News

YRC Reports First Quarter Profit for the First Time in Six Years

For the first time since 2007, YRC Freight reported positive operating income in the first quarter.

YRC Worldwide has done something it hasn’t in quite a while: posted positive first quarter financial numbers.

Tags: Earnings, YRC Worldwide, LTL, Fleet Financials

May 6, 2013 - Industry News

USA, FFE, Covenant, P.A.M. Report First Quarter Losses, Patriot Boosts Profit

Several mainly truckload fleets have released first quarter results, with USA Truck and Frozen Food Express reporting narrower losses from a year ago, while Covenant Transport’s widened, P.A.M. Transportation went from a profit to a loss, and Patriot Transportation showed a bigger profit.

Tags: Covenant Transport, Earnings, USA Truck, Patriot Transportation, P.A.M. Transportation, Frozen Food Express, FFE, Fleet Financials

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