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The first quarter earnings reporting season has kicked off in trucking on a high note with J. B. Hunt Transport Services, which announced net earnings of $73.3 million compared to $67.7 million the same time a year ago.
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The parent of trucking companies YRC Freight and others, YRC Worldwide, has posted its first positive yearly numbers in six years, but things overall still need improvement in order to forget the company coming close to bankruptcy more than once in recent years.
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Three more carriers released their earnings reports. Con-way's fourth quarter profit took a big decline but was up for the year, while Roadrunner Transportation broke through the $1 billion revenue barrier in 2012 and Old Dominion Freight Line posted record numbers.
Read More →Recent financials from two different fleets show very different results, but both mentioned their success in adding drivers and cutting down on unseated trucks.
Read More →Covenant Transportation Group, Chattanooga, Tenn., saw its revenue rise nearly 10% over last year's fourth quarter and its net income turn positive compared to a loss.
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