J.B. Hunt Transport Services Inc. announced that profits more than tripled in the fourth quarter, although, as will be the case across multiple industries, the results were bolstered by a significant tax credit related to the Tax Cuts and Jobs Act signed last month.
January 18, 2018Business
Heartland Express Profits Drop 37% After Added Expenses From IDC Acquisition
Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.
October 27, 2017Business
TFI Income Falls Despite Revenue Rise
Montreal-based truckload carrier TFI International Inc. reported third quarter net income of C$48.8 million, down nearly 9% from $53.5 million in the same period a year ago.
October 27, 2017Business
Universal Logistics Holdings Reports First Loss Since Going Public in 2006
One week after Universal Logistics Holdings Inc. warned investors to expect a sizable hit to earnings due to a court case, the carrier announced a net loss for the first time since becoming a publicly traded company in late 2006.
October 27, 2017Business
Dana Reports Higher 3Q Net Income, Revenue
Dana Inc. reported third-quarter gains in net income and revenue, with a third-quarter net income of $73 million, or 46 cents per share, compared with $61 million, or 39 cents, in the same period last year.
October 26, 2017BusinessEquipment
Haldex 3Q Earnings Mixed; Renews Ties to US Truck Makers
Commercial vehicle supplier Haldex AB reported net income fell and revenue inched up in the third quarter compared with a year earlier.
October 26, 2017Business
Covenant, Werner Report Strong Third-Quarter Earnings
Three publicly traded carriers reported results on Oct. 19 with two reporting profits better than 2016 and one with a decline in the third quarter.
October 19, 2017Business
J.B. Hunt Revenues Rise on Higher Freight Volumes
J.B. Hunt Transport Services Inc. profits fell 8.3% in the third quarter, the company announced Oct. 13, coming up short of the Bloomberg News consensus forecast of analysts.
October 13, 2017BusinessLogisticsTCA
FedEx Outlook Rosy Despite Ongoing Threats From Cybercrime, Trade Restrictions
FedEx “has never been stronger,” although cybercrime and threats to restrict trade pose challenges, company founder Frederick Smith said Sept. 25
September 26, 2017BusinessLogisticsTCA
FedEx Chief Cites Investment, Integration, Innovation as Driving Record Results
FedEx chief Frederick Smith’s annual letter to shareholders credits three I’s — investments, integration and innovation — for exceptional results in fiscal 2017 and the promise of even better future performance.
August 16, 2017