Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/23/2014 8:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Rush’s Second-Quarter Income Rises as Truck Sales Jump 74%


Rush Enterprises Inc.

Truck-dealer chain Rush Enterprises Inc.’s net income increased in the second quarter, and Class 8 sales jumped 74%.

Profit grew to $19.8 million, or 49 cents a share, from $5.6 million, or 14 cents, a year earlier, Rush said in a July 23 statement. Revenue increased to $1.18 billion from $790 million in the prior year’s quarter.

“During March, we began to see the positive impact of a steady economy and improvements in freight movement in our Class 8 truck sales, and this trend continued throughout the second quarter,” Chairman and CEO W.M. Rush said in a statement.

“In particular, sales of our new Class 8 stock trucks significantly increased as independent operators and smaller vocational fleets required work-ready equipment to take advantage of increased activity in energy, construction and refuse segments,” Rush said.

The company had a $2 million charge for a deal with 3M to provide Rush with compressed natural-gas fuel tanks and intellectual property for development of a new fuel system.

Rush sells Peterbilt Motors Co. and Navistar International Corp. brand heavy trucks in addition to medium-duty trucks from Hino, Isuzu and Ford.

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

© 2014, 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

TFM

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