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Trucking and logistics provider Forward Air increased revenue the first quarter of the year but income fell compared to the same time in 2013.
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The trucking operation Hub Group has reported a 22% drop in first quarter income compared to the same time last year while revenue increased 10%.
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Marten Transport on Tuesday reported net income of $5.3 million, or 16 cents per diluted share, in the first quarter of the year, compared with $7.2 million, or 22 cents per diluted share, in the first quarter of 2013.
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Truckload carrier Knight Transportation has revised upward expectations for its first quarter earnings.
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Multi-mode freight transportation provider J.B. Hunt Transport Services on Monday reported first quarter 2014 net earnings of $68.7 million, or diluted earnings per share of 58 cents, compared to first quarter 2013 net earnings of $73.3 million, or 61 cents per diluted share.
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Trucking company giant Swift Transportation is warning its first quarter earnings will be lower than it previously expected, between 11 cents and 13 cents per share.
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Revenue was $11.3 billion, up 3% from $11 billion the same time a year ago, while net income totaled $378 million, up 5% from last year’s $361 million or $1.23 per share compared to $1.13 per share.
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Truck and engine maker Navistar International reported a wider first quarter loss than expected on Wednesday amid slower sales.
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The parent to several trucking companies including YRC Freight managed to squeeze out a profit in the final quarter of last year, but still lost money for all of 2013.
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The parent company to chemical bulk hauler Quality Carriers and intermodal tank container carrier Boasso America reported a loss in the final quarter of 2013 following a profit a year earlier.
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