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J.B. Hunt Transport Services announced fourth quarter net earnings of $88.7 million were down compared to last year’s $385.3 million, but revenues were up for the year by 20%.
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Despite “robust organic growth” thanks to e-commerce and freight brokerage, XPO Logistics’ third-quarter earnings came in lower than analysts’ expectations, as the company cut its earnings forecast due to the collapse of a large UK customer.
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Old Dominion Freight Line benefited from the strong economy with a record-setting quarter. The North-Carolina-based less-than-truckload carrier reported on Oct. 25 that its third-quarter revenue rose 21.2% to $1.06 billion and that its diluted earnings per share grew by 71% to $2.12.
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Truckload giant U.S. Xpress recently went public again. HDT's Deborah Lockridge talks to President and CEO Eric Fuller about the IPO, its first quarterly financial report, the driver shortage and other challenges and opportunities facing the carrier and the industry.
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Transportation provider Saia has posted a record second quarter earnings per share of $1.15, up from 68 cents a year ago.
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In its first earnings report since going public, U.S. Xpress reported substantial improvements in revenue, operating income, and operating ratio compared to a year earlier.
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Trucking fleets Old Dominion, Covenant Transport, and Knight Swift all reported higher profits for the second quarter.
Read More →Werner and Heartland, two major truckload carriers, reported second quarter earnings that showed increased profit and revenue compared to the same time a year ago.
Read More →Second-quarter profit for the Sweden-based truck and engine manufacturer Volvo Group rose 59% from a year ago.
Read More →Marten Transport Ltd. has reported a near 50% improvement in net income for the second quarter of the year compared to a year ago.
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