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The parent to less-than-truckload carrier ABF Freight and other trucking and logistics operations reported that its fourth quarter net income fell in both the final quarter of 2016 and all of last year.
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The parent of less-than-truckload carrier YRC Freight and others managed to reduce its losses in the final quarter of 2016 while a truckload carrier reported a loss for both the final three months of last year and all of 2016.
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Two less-than-truckload fleets and a multi-modal and logistics provider reported slightly lower fourth quarter earnings.
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Fleet earnings reported this week so far are varying widely, ranging from record numbers at one carrer to another barely eking out a profit, and one carrier delayed in reporting due to an investigation into its accounting practices.
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Despite increased revenue and freight volume, parcel delivery and trucking company UPS Inc. on Tuesday reported a loss in the fourth quarter of 2016.
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Earnings for trucking and logistics company Werner Enterprises Inc. took a bit of a dive in not just the final quarter of last year but for all of 2016 as it said it continued to make a significant investment in its business.
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Earnings reports from three more trucking fleets rolled in late Thursday afternoon, all showing lower earnings in the fourth quarter compared to the same time a year ago.
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The latest batch of fleet earning reports from the fourth quarter are in, with three major fleets reporting revenue dips and a fourth signaling that it will have similar news when its formal report is released next month.
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J.B. Hunt Thursday reported higher profits for the final quarter of 2016 and for all of last year, driven by growth in its brokerage and dedicated segments.
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Third-quarter financial reports from fleets and equipment makers continue to reflect a tepid freight environment.
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