Jonathan S. Reiskin

Business, Equipment

Cummins First-Quarter Earnings, Revenue Increase Despite Weak North American Truck Market

Luke Sharrett/Bloomberg News

Global manufacturer Cummins Inc. posted first-quarter increases in profits and sales that were driven by demand from construction and mining customers rather than North American truck engines.

Jonathan S. Reiskin | Associate News Editor
May 2, 2017
Business

Daseke Adds Schilli, Big Freight to its Portfolio of Trucking Companies

Daseke

Flatbed carrier Daseke Inc. said May 1 that it has added two more companies to its portfolio of trucking companies: the Schilli Cos. and Big Freight Systems.

Jonathan S. Reiskin | Associate News Editor
May 2, 2017
Business

UPS 1Q Income Rises 2.4%

John Sommers II for TT

UPS Inc. struggled with currency exchange rates but benefited from a new treatment in taxes and wound up with a 2.4% gain in first-quarter net income and a 6.2% surge in global revenue.

Jonathan S. Reiskin | Associate News Editor
May 1, 2017
Business

UPS First-Quarter Profits, Revenue Rise

John Sommers II/Reuters

UPS Inc. struggled with currency exchange rates but benefited from a new treatment in taxes and wound up with a 2.4% gain in first-quarter net income and a 6.2% surge in global revenue.

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

Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group

Hub Group

Sandwiched between “soft pricing” and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased.

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

Echo Global Posts First-Quarter Net Loss Despite Revenue Record

Echo Global Logistics

Third-party logistics provider Echo Global Logistics reported record revenue for a first quarter on April 26, but its small profit from the same quarter a year ago became a net loss, as purchased transportation costs increased and net revenue declined.

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

Daimler's First-Quarter Profits Double, but Trucks Not a Big Factor

Krisztian Bocsi/Bloomberg News

First-quarter business rose and profits doubled for German manufacturer Daimler AG, but new truck sales were generally not part of the equation, and especially not in North America, the company reported April 26.

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

C.H. Robinson First-Quarter Revenue Rises 11.1%

First-quarter revenue for C.H. Robinson Worldwide, North America’s largest freight broker, increased by 11.1%, but profitability was a mixed picture, with operating income declining 5.5% as net income rose 2.6% because of a fall in income taxes.

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

Paccar Revenue Dips in 1Q, but Profits Return

David Schott/Flickr

First-quarter sales for Paccar Inc. dipped 1.9% year-over-year, but the company returned to profitability as it did not have a large, one-time charge as it did in early 2016.

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

Volvo Group First-Quarter Earnings, Sales Rise

Justin Ide/Bloomberg News

Volvo AB posted first-quarter gains in earnings and profitability, most of which was generated by its construction equipment division, as the larger truck division was fairly static compared with the same time in 2016.

Jonathan S. Reiskin | Associate News Editor
April 25, 2017

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