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Parcel and trucking giant FedEx posted a big gain in profits during its most recent quarter, while Daseke, the owner of several flatbed and specialized carriers, moved from a loss to a profit in both the final quarter of 2017 and for all of last year.
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Trucking company Heartland Express Inc. on Monday reported higher profits for the final quarter of 2017 and for all of last year, but that was not enough to move its operating income higher.
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The fourth quarter 2017 earnings reporting season continued on Thursday with another three fleets – Old Dominion Freight Line, Hub Group, and Radiant Logistics – reporting increased profits, due not only to more business and better rates, but also to tax reform.
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Most trucking companies so far this earnings reporting season are reporting big gains in profits in both the fourth quarter of last year as well as for all of 2017. This is due in large part to tax reform legislation, and numbers released Wednesday were no exception.
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Two of the biggest names in trucking, one in the shipping business and the other in the manufacturing sector, reported their fourth quarter 2017 and full-year earnings on Thursday morning and both showed big gains.
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More trucking companies on Wednesday reported surging fourth-quarter earnings and higher profits for the year, including Landstar and ArcBest.
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Truckload carrier Knight-Swift Transportation Tuesday reported the biggest gain in earnings seen so far this earnings season, while third-party logistics provider C.H Robinson Worldwide reported a more modest increase in profits.
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Two major trucking companies on Monday announced huge increases in their earnings for the final quarter of 2017 and for all of last year, both due to changes made by Congress in federal tax laws.
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Refrigerated trucking company Marten Transport Ltd. on Thursday reported sharply higher profits for the final quarter of 2017 and for the full year.
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Trucking, intermodal and logistics services provider J.B. Hunt Transport Services Inc. kicked off the fourth quarter 2017 and full-year earnings season in the trucking industry on Thursday when it reported big gains in profits for both periods, due in large part to the recent tax law changes approved by Congress late last year.
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