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Earnings for the parent of the mainly less-than-truckload carrier YRC Freight and others turned in a smaller third quarter numbers late Thursday, while one logistics operator also reported its profit is down from a year ago.
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The week wrapped up with more fleets reporting their second-quarter earnings. Like many that have already advised, profits for three were lower, while the largest trucking company in the nation and another a few years ago that was on the brink of extinction showed improvements.
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UPDATED -- Another day, another raft of earnings reports on Thursday from the nation’s publicly owned trucking companies. Continuing a trend this first quarter, the companies' numbers are as varied as the services they offer.
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YRC Freight is offering a new accelerated service with shipment times that are one or two days faster than standard shipment times.
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XPO Logistics Freight is suing rival less-than-truckload carrier YRC Freight for allegedly hiring employees from the company in order to obtain important trade secrets.
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Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.
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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.
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Trucking operation YRC Worldwide turned its business around in the third quarter of the year, going from a $44.1 million net loss a year ago to a net profit of $1.2 million.
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CORRECTED -- UPS Freight is expanding its Density-Based Rating (also known as dimensional weight pricing) pricing option to all its customers.
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YRC Freight has upgraded three of its terminals to full distribution center status to increase network capacity for its customers and reduce congestion at some facilities.
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