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Fleet Earnings

New England Motor Freight Files for Bankruptcy

LTL carrier New England Motor Freight and its subsidiaries have voluntarily filed for Chapter 11 bankruptcy in New Jersey, intending to facilitate an orderly wind down of its operations.

What Will Earnings Look Like for Fleets This Year?

With our 2019 economics and truck volume forecast in place, where should that take us in terms of earnings, and where are we in the course of the earnings cycle for truckers? Commentary from the February issue of Heavy Duty Trucking magazine.

Swift Improvements Help Drive Knight-Swift Earnings

Knight-Swift Transportation Holdings is growing its profits through more efficient operations, rather than by adding trucks to increase capacity, as it reported fourth-quarter 2018 results that were better than analysts expected, especially in Swift Truckload.

XPO Logistics Earnings Miss Expectations

Despite “robust organic growth” thanks to e-commerce and freight brokerage, XPO Logistics’ third-quarter earnings came in lower than analysts’ expectations, as the company cut its earnings forecast due to the collapse of a large UK customer.

Earnings Watch: ODFL Boosts Q3 Revenue 21.2% to $1.06 Billion

Old Dominion Freight Line benefited from the strong economy with a record-setting quarter. The North-Carolina-based less-than-truckload carrier reported on Oct. 25 that its third-quarter revenue rose 21.2% to $1.06 billion and that its diluted earnings per share grew by 71% to $2.12.