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The less-than-truckload carrier Old Dominion Freight Line has announced revenue was $616.5 million for the third quarter of this year, a 12.0% increase from $550.5 million for the third quarter of 2012.
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Truckload carrier Knight Transportation has reported slightly higher third quarter revenue while income is lower from the same time a year earlier.
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Profit for Arizona-based Swift Transportation fell in the third quarter of the year despite doing more business.
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The parent company of the carrier Covenant Transport and others, Covenant Transportation Group, has announced third quarter net income of $2 million compared with $1 million the same time a year ago. Company officials cited a higher unseated truck percentage and new hours of service regulations as factors.
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Nebraska-based truckload fleet Werner Enterprises reported a drop in its third quarter profit amid just a slight increase in business, noting that hours of service rules changes that took effect in July negatively impacted miles per truck by 2% to 3%.
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The Arkansas-based fleet USA Truck has improved financial results for the third quarter and the first nine months of the year, with a 13.5% increase in revenue and a much smaller net loss than a year ago.
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Marten Transport has reported its best profit of any quarter in the company’s history. It improved 22.4% to $8 million, for the third quarter of this year, up from $6.5 million for the third quarter of 2012.
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Iowa-based trucking company Heartland Express has reported net income increased $3.4 million to $15.9 million in the third quarter of the year compared to $12.4 million in the 2012 period, a 27.6% increase.
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J. B. Hunt Transport Services has announced third quarter 2013 net earnings of $89.5 million, compared to third quarter 2012 net earnings of $78.2 million.
Read More →Senior leaders of Cummins Inc. Tuesday shared their five-year plans for profitable growth, emphasizing the opportunities presented by tightening emissions regulations in many parts of the world and the acquisition of its distributors in North America.
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