Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/25/2012 10:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Rush’s Income Jumps on Higher Truck Sales

Truck dealership Rush Enterprises said its first-quarter profit jumped, led by a doubling of its heavy-duty truck sales.

Net income rose to $15.9 million, or 40 cents a share, from $7.3 million, or 19 cents, a year ago. Revenue rose 74.2% to $777.3 million.

Rush’s Class 8 retail sales more than doubled, outpacing the U.S. Class 8 truck market, which rose by 48%.

The big-rig sales gain “was primarily the result of continued strong activity in the energy sector, replacement truck deliveries to larger fleets, increased stock truck sales and delivery of natural gas trucks sales to several large refuse fleets,” CEO W. M. “Rusty” Rush said in a statement.

Rush delivered 2,738 new heavy-duty trucks in the quarter, up from 1,345 a year ago; 1,556 new medium-duty trucks, up from 811; and 1,252 used trucks, up from 1,107.

Aftermarket services accounted for about 61% of its profit, while parts, service and body shop revenue rose 35% to $196.6 million, a quarterly high.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement