Burney Simpson

Business, Logistics, Top 100

Landstar Profit Jumps on Record Revenue

Landstar truck Landstar System Inc.

Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Logistics, Top 100

Covenant Profits Jump on 20% Revenue Rise

Covenant truck Daniel Dubois

Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Equipment, Logistics

Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue

Knight Transportation and Swift Transportation cabs Knight Transportation completed its acquisition of Swift Transportation last September. (TT File Photo)

Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.

Burney Simpson | Staff Reporter
July 25, 2018
Business

Amazon Helps Grow Rockford Airport, Cargo Carriers

Amazon RDF Atlas Air cargo planes taxi on the runway. (Pat Bell/Flickr)

The growth of Amazon.com and e-commerce in general is bolstering the fortunes of Rockford, Ill.’s Chicago Rockford International Airport (RFD) and two air cargo carriers that use the airport, elevating the profile of a facility that must compete for air traffic with the Windy City’s dominant O’Hare International Airport.

Burney Simpson | Staff Reporter
July 25, 2018
Business, Logistics, Top 100

UPS Reports Steady 2Q Income, Revenue

UPS tractor-trailer Daniel Acker/Bloomberg

UPS Inc. reported solid second-quarter growth in revenue and profits despite charges taken for its voluntary retirement plan and efforts to upgrade the firm.

Burney Simpson | Staff Reporter
July 25, 2018
Business

Tonnage Rises 7.8% in June, Up 8% in First Half of 2018

JB Hunt J.B. Hunt

Truck tonnage continued its powerful run in June, rising 7.8% compared with year-ago levels and up nearly 8% through the first half of 2018, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index.

Burney Simpson | Staff Reporter
July 24, 2018
Business, Equipment

Volvo Profits Jump 47% on Sales Growth

Volvo VNL A Volvo VNL 860 Sleeper on display at 2017 NACV by John Sommers II for Transport Topics.

Volvo AG reported second-quarter operating income of $1.4 billion, or 50 cents a share, a 47% increase from $939 million, or 32 cents, in the same period a year ago.

Burney Simpson | Staff Reporter
July 19, 2018
Business

Marten Transport Income Rises 50% in 2Q

Marten Transport John Sommers II for Transport Topics

Marten Transport reported a strong jump in profits and revenue in the second quarter, spurred by a rise in operating income at all four of its major divisions.

Burney Simpson | Staff Reporter
July 17, 2018
Business

Stay Metrics Analysis Finds New Drivers Spur Higher Turnover Rates

Driver Getty Images

More than 70% of driver turnover occurs in the first year of employment, and 36% of drivers leave a firm within their first three months on the job, according to an analysis from Stay Metrics, the South Bend, Ind.-based driver turnover and retention consultant to carriers.

Burney Simpson | Staff Reporter
July 16, 2018
Business, Technology

J.B. Hunt Profits Power Up 55% in 2Q; Revenues Rise 24%

J.B. Hunt truck J.B. Hunt

J.B. Hunt Transport Services reported second-quarter net earnings of $151.7 million, or $1.37 a share, up 55% from $97.9 million and 88 cents per share in the second quarter of 2017.

Burney Simpson | Staff Reporter
July 16, 2018

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