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The week wrapped up with more fleets reporting their second-quarter earnings. Like many that have already advised, profits for three were lower, while the largest trucking company in the nation and another a few years ago that was on the brink of extinction showed improvements.
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UPDATED -- Another day, another raft of earnings reports on Thursday from the nation’s publicly owned trucking companies. Continuing a trend this first quarter, the companies' numbers are as varied as the services they offer.
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The asset-light freight transportation and logistics provider Universal Truckload Services reported second quarter net income of $13.3 million, down just slightly from $13.6 million a year earlier.
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The logistics and customized freight transportation provider Universal Truckload Services Inc. has reported earnings showing profits declined slightly in the final quarter of last year and for all of 2014.
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Universal Truckload Services named Jeff Rogers as the company’s new CEO succeeding Scott Wolfe who announced his plans to retire earlier this year.
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Scott Wolfe will remain the CEO of Universal for seven months to help Jeff Rogers transition into that position. Scott’s appointment to Universal's Board of Directors ensures that his experience and counsel will continue to benefit Jeff and the company both now and after Scott’s retirement as Universal’s CEO.
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Asset-light freight transportation provider Universal Truckload Services saw improvements in both its yearly and final quarter profit, according to newly released numbers.
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Universal Truckload Services announced Monday that it will acquire Westport Axle Corporation from an international industrial group headed in Brazil by SM Brasil Participações S/A.
Read More →More carriers have reported second quarter financial results, with both Covenant Transport and Universal Truckload showing a decline in profit, Pacer showing a slighter bigger one, and Saia and P.A.M. showing increases in both profit and revenue.
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