Transportation and logistics companies begin announcing first- quarter results this week, as analysts predict truckload profits will be lower than 2016 and less-than-truckload and third-party logistics companies will have mixed results.
April 17, 2017Business
Universal Logistics Net Income Plummets 71%, But CEO Still Optimistic
Universal Logistics Holdings Inc. reported net income plunged 71% in the fourth quarter of 2016, although the results were in line with the lower adjusted forecast that the company issued in early February.
February 24, 2017TCA
Wabtec Earnings Fall on Slumping Freight Market
Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.
February 21, 2017Business
Radiant Posts Higher Earnings; Echo Global, Forward Air Slip
Three transportation and logistics companies reported quarterly earnings after the market closed Feb. 8, with two that recorded year-over-year declines and one that showed improvement.
February 8, 2017Business
Soft Truck Market Takes Bite Out of Meritor First-Quarter Earnings
Commercial vehicle supplier Meritor Inc. reported lower fiscal first-quarter income and revenue as North American Class 8 production tailed off, it said Feb. 1.
February 1, 2017BusinessEquipment
Wabash Reports Decline in Fourth-Quarter Earnings, Higher Full-Year Profits
Wabash National Corp., North America’s largest trailer maker, saw fourth-quarter profits and revenue slip compared with the 2015 period. Net income, however, rose for the full year on lower revenue, the company reported Jan. 31.
February 1, 2017Business
Truckload Companies Post Lower Profits in 4th Quarter
Several large truckload companies suffered from inconsistent fuel prices and lower freight revenue per truck, leading to steep declines in net income in the fourth quarter, but executives remain cautiously optimistic that industry conditions will improve in the second half of 2017.
January 30, 2017Business
Patriot Transportation Reports Mixed Financial Results for Last Quarter
Patriot Transportation Holding Inc. reported earnings dropped double digits for the three-month period that ended Dec. 31, although it came out ahead when a one-time settlement with gas company BP last year is excluded from the totals.
January 25, 2017Business
YRC Worldwide Preliminary Fourth-Quarter Earnings Fall Short of Expectations
YRC Worldwide Inc. released preliminary figures on its operating income and earnings before interest, taxes, depreciation and amortization for the fourth quarter of 2016 and the entire year, both of which fall short of analysts' estimates.
January 25, 2017Business
Radiant Logistics Reports First Non-Adjusted Profit Since June 2015
Radiant Logistics Inc. reported a profit of $1.35 million on Nov. 9, up from the $172,490 loss it reported one year ago.
November 10, 2016