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The asset-light trucking and logistics service provider, Roadrunner Transportation Systems, has reported a small increase in its second quarter profit while revenue gained 36.6%.
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Accuride Corp. says its Fix and Grow strategy is working, reporting operating income for the second quarter doubled year over year. The first half of 2014 is the first time it's reported positive net income since 2007.
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YRC Worldwide Inc. cut it second quarter net loss to $4.9 million, or 16 cents per share, from $15.1 million, or $1.72 per share, from the same time a year ago.
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It totaled nearly $118.6 million compared to almost $111.9 while net revenue increased 10.2% to $521 million for the Minnesota-based company.
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Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.
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Peterbilt and Kenworth parent, Paccar, reported increased revenues and net income for the second quarter of 2014.
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Truck engine manufacturer Cummins has reported results for the second quarter of 2014, showing revenue of $4.8 billion increased 7% from the same quarter in 2013.
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Dry van truckload carrier P.A.M. Transportation Services has reported a sharp upturn in profit for the second quarter of the year despite a small drop in revenue.
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Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.
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Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.
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