Fourth-quarter trucking earnings reports kicked off with J.B. Hunt Transport Services Inc. posting 5.8% higher earnings of $116.7 million, or $1.01 per share, led by improved profits in its dedicated, over-the-road and brokerage businesses.
January 21, 2016BusinessLogistics
Saia, Echo Report Lower Fourth-Quarter Earnings
Weaker freight market conditions drove net income down 16% at less-than-truckload carrier Saia Inc., which reported a profit of $11.4 million, or 45 cents a share, and Echo Global Logistics Inc. earnings declined 64% to $1.7 million, or 6 cents a share, hurt by acquisition-related costs.
February 5, 2016Business
Earnings Roundup: C.H. Robinson, ArcBest, Roadrunner, Hub Group, Universal Truckload Services
Improved profit margins produced 12% higher fourth-quarter earnings at broker C.H. Robinson Worldwide Inc. and logistics company Hub Group, where net income rose 37%.
February 3, 2016Business
Ryder, USA Truck Earnings Improve in Fourth Quarter
Two large freight industry companies have reported improved fourth-quarter results, with net income rising 5% at Ryder System Inc. and 11% at USA Truck Inc.
February 2, 2016Business
Werner Raises Fourth-Quarter Profit; Landstar Earnings Drop Slightly
Werner Enterprises Inc., which ranks No. 16 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, raised fourth-quarter net income 12% to $36.6 million, or 51 cents per share, and No. 10 Landstar earnings dipped 2% to $37.9 million, or 88 cents.
January 29, 2016Business
Knight Cuts Fourth-Quarter Earnings Forecast
Knight Transportation Inc. lowered its fourth-quarter earnings estimate by about 15%, citing more moderate rate increases, fewer spot market opportunities, additional driver pay increases and reduced gains on used equipment sales.
December 18, 2015Business
Analysis: Earnings Season Likely to Be Worst Since 2009
This U.S. earnings season is on track to be the worst since 2009 as profits from oil and gas and commodity-related companies plummet.
November 4, 2015Business
UPS 3Q Earnings Increase 3.5% on Stronger Base Freight Rates
UPS Inc. posted a 3.5% increase in third-quarter net income to $1.26 billion, compared with the same three months in 2014, even as quarterly revenue dipped by 0.4% to $14.24 billion.
November 1, 2015Business
Roadrunner Earnings to Fall Short of Expectations
Roadrunner Transportation Systems said third-quarter earnings would be 14 cents to 17 cents per share, far below the 44 cents per share average estimate, citing a combination of one-time costs and a weaker-than-expected freight market.
October 27, 2015Business
Ryder System Lowers Third-Quarter Earnings Expectations
Ryder System Inc. became the third publicly traded trucking industry company to lower third-quarter earnings expectations by announcing that its profits would be 10 cents per share to 13 cents per share below its earlier forecast.
October 13, 2015