Jonathan S. Reiskin

Business

U.S. Xpress Laying Off 100 in Tennessee, Georgia

U.S. Xpress trucks Kentucky John Sommers II for Transport Topics

Truckload carrier U.S. Xpress Enterprises said it is laying off 100 employees — all nondrivers — at two southeastern locations, citing a change in “company focus.”

Jonathan S. Reiskin | Associate News Editor
August 3, 2017
Business

UPS Global 2Q Revenue Rises 7.7%; Net Income Jumps 9.1%

UPS Worldport sorting John Sommers II for Transport Topics

UPS Inc. generated 7.7% more global revenue during the second quarter and improved net income by 9.1% year-over-year based on “balanced performance across all segments."

Jonathan S. Reiskin | Associate News Editor
July 27, 2017
Business

Landstar Tops Second-Quarter Forecasts With Net Income, Revenue

Landstar in the desert Landstar System

Truckload carrier and logistics provider Landstar System produced broad-based improvement among its services and generated second-quarter increases in net income and revenue, topping the consensus estimate of analysts by 2 cents a share.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Business

Ryder Sets 2Q Revenue Record, Even as Net Income Slides 30%

Ryder rental gate JB Reed/Bloomberg News

Truck leasing and logistics company Ryder System brought in 5.25% more revenue, enough to set a second-quarter record, but poor used-truck pricing and higher expenses diminished earnings by 30.4%, year-over-year.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Business, Equipment

Daimler Second-Quarter Revenue Increases, Profits Flat; Truck Unit Sputters

Daimler Trucks Guenter Schiffmann/Bloomberg News

Daimler AG reported higher revenue and flat profits during the second quarter, with a strong performance from its Mercedes-Benz car division but sputtering results from the global truck unit.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Business

Hub Group Net Income Falls More Than 50% Even as Revenue Rises

Hub Group logo on truck Hub Group

Intermodal, trucking and logistics provider Hub Group had to wrestle with margin compression and acquisition-related expenses that caused second-quarter net income to plummet 53.8% even as revenue expanded by 8.1%.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Business

Wabash Second-Quarter Results Decline Compared With Best-Ever Levels Last Year

Trailer Daniel Acker/Bloomberg News

Diversified trailer maker Wabash National Corp. reported second-quarter net income and revenue declined.

Jonathan S. Reiskin | Associate News Editor
July 25, 2017
Business

Paccar’s Net Income Down in Second Quarter Despite Revenue Surge

New Kenworth and Peterbilt trucks TruckPR

Second-quarter net income declined for truck maker Paccar Inc., even though revenue increased for the Bellevue, Wash.-based parent of Kenworth Trucks and Peterbilt Motors.

Jonathan S. Reiskin | Associate News Editor
July 25, 2017
Business

Swift Posts Decline in Profits, Freight Revenue for Second Quarter

Truck David B./Flickr

Swift Transportation Co., North America’s largest truckload carrier, saw its profits and freight revenue decrease during the second quarter compared with the same time in 2016.

Jonathan S. Reiskin | Associate News Editor
July 24, 2017
Business

Consumer Goods, Housing Stable, Expected to Expand in Economy, Analysts Predict at Seminar

ATA Economic Summit Costello (left), Foster, Riehl, Uhrich and Szakaly (Joseph Terry/Transport Topics)

The consumer goods and housing sectors of the U.S. economy are on stable footing and should continue to expand moderately through at least 2018, as long as the nation can avoid self-manufactured traps, according to panelists at a trucking industry seminar on the economy.

Jonathan S. Reiskin | Associate News Editor
July 20, 2017

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