Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Fleets Report 2Q Financial Results

CORRECTED, UPDATED -- This week saw quarterly financial reports from a number of large publicly traded truck fleets, with truckload and intermodal giant Swift Transportation reporting profits up 72% from a year ago

by Staff
July 19, 2012
2 min to read


CORRECTED, UPDATED -- This week saw quarterly financial reports from a number of large publicly traded truck fleets, with truckload and intermodal giant Swift Transportation reporting profits up 72% from a year ago.
The quarter also saw improved profits at Marten and Werner, while USA Truck and Heartland Express saw earnings fall.

Swift beat market expectations, with profits up 72% from a year ago. Net income rose to $33.7 million, or 24 cents a share, from $19.6 million, or 14 cents a share, a year ago. The company said it expects adjusted earnings growth of 20% this year, including intermodal container growth of 2,000 units from July to November. Weekly tractor revenue rose almost 4% compared with the second quarter of 2011, with net fuel expenses falling 26%.

Marten Transport reported a 22.4% increase in net income to $7.6 million, or 34 cents per diluted share, for the second quarter, from $6.2 million, or 28 cents per diluted share, for 2Q 2011. Operating revenue, consisting of revenue from truckload and logistics operations, increased to $157 million for 2Q 2012 from $151.1 million in the same period in 2011 for the temperature-controlled fleet.

Werner Enterprises, Omaha, Neb., reported only a 1% increase in total revenue of $521.8 million compared to a year ago, but saw an 11% increase year over year in net income, up to $30.7 million, thanks to a seasonally improving freight market, operating margin expansion and logistics growth.

USA Truck Inc., Van Buren, Ark., was not so successful. Revenue of $103.5 million for the quarter fell 4.6% from 2011, and the company had a net loss of $3.5 million for the quarter, compared to net income of $0.6 million for the same quarter of 2011.

Heartland Express saw improved revenue but higher operating costs. Operating revenues for the quarter rose 1.8% to $139.7 million over a year ago, but net income for fell 19% to $18.2 million compared to $22.5 million in the 2011 quarter period. Earnings per diluted share fell 16% to 21 cents from 25 cents reported in the second quarter of 2011. Heartland has also been updating its fleet, noting that it increased its fleet in the second quarter from a year earlier despite driver market challenges.

Corrected 10:15 EDT to correct Werner numbers. We apologize for the error.

Updated 10:25 EDT to add Swift results.

More Drivers

Illustration of trucks parked in lot with Trucker Path app on phone screen superimposed on top
Drivers•by News/Media Release•October 6, 2026

Trucker Path Expands Reserved Parking Network

Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.

Read More →
photo of older driver standing with arms crossed with truck in the background, with a photo illustrating equal opportunity law inset upper left.
Drivers•by Staff•September 28, 2026

EEOC Sues Texas Trucking Company Over Driver Age Limits

The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.

Read More →
Red Nussbaum Class 8 tractor pulling white and red trailer with aero fairings and skirts
Drivers•by Staff•September 23, 2026

Nussbaum, Roehl Announce Second Driver Pay Increase This Year

This year has seen a swath of major truck driver pay increases as freight capacity has tightened.

Read More →
Ad Loading...
Photo of smiling truck driver Harold Perry with arms crossed in front of Southeastern Freight Lines truck
Drivers•September 17, 2026

From One Generation to the Next: How Mentorship Builds Safer Truck Drivers

After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.

Read More →
Illustration with driver behind the wheel, an alert sign, and a laptop
Drivers•by Lauren Fletcher•September 9, 2026

Truck Drivers Need More Than Another Alert

Fleets have more visibility into truck health, safety events, and driver activity than ever. The next challenge is turning all that information into useful guidance for the person who has to decide what to do next.

Read More →
Two men in jackets with Homeland Security indicated on the back, standing in a parking lot looking toward a building with trucks in front of it
Drivers•by Deborah Lockridge•September 1, 2026

FMCSA Removes 110 Truck Driver Training Schools from Certified ELDT List

Federal regulators also are targeting more than 160 additional training providers and launching a nationwide audit of third-party CDL skills testers as part of a broader crackdown on trucking fraud.

Read More →
Ad Loading...
Illustration of tired truck driver, electronic logging device, and traffic congestion

Hours of Service Pilot Programs: FMCSA Readies for 2027 Rollout

Two pilot programs could eventually reshape hours-of-service rules, giving truck drivers options to pause their 14-hour clock or use longer split sleeper rest periods.

Read More →
Illustration with safety cones in background, Roadcheck logo, cargo tiedowns, and officer checking driver logs
Safety & Compliance•by Deborah Lockridge•August 26, 2026

Medical Cards, English Proficiency Reshape Roadcheck Violations

Medical-card violations jumped to the top of the driver out-of-service list during CVSA’s 2026 International Roadcheck, while English-language proficiency violations appeared among the leading violations for the first time.

Read More →
Illustration of data privacy, big brother concept, and truck driver behind the wheel
Safety & Compliance•by Deborah Lockridge•August 17, 2026

Driver Trust Can Make or Break the Success of Fleet Safety Technology

New Teletrac Navman research suggests that onboarding, transparency about driver data, and positive feedback can play a significant role in how commercial drivers respond to safety and coaching technology.

Read More →
Ad Loading...
Illustration incorporating a gavel, the back of a driver training trailer, and art showing a blue female shape standing out in a row of male shapes.
Drivers•by Staff•August 11, 2026

EEOC Sues KLLM Over Alleged Sex Discrimination in Driver Training

KLLM is facing a federal sex-discrimination lawsuit over policies the EEOC alleges put female truck driver trainees at a disadvantage.

Read More →