Swift Transportation Co. said its third-quarter and full-year results will lag analyst forecasts and its own profit guidance because of costs from past accidents and weaker freight volumes in the fourth quarter.
September 25, 2015BusinessLogistics
Universal Earnings to Trail Expectations, Guidance
Universal Truckload Services Inc. said it expects third-quarter earnings will lag year-earlier results and come in below analysts expectations due to weakening customer demand for truckload services in certain industrial sectors.
September 30, 2015BusinessLogistics
Maersk Earnings Show Company Defying Market Headwinds
A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said profit exceeded estimates despite a slump in freight rates.
August 13, 2015BusinessEquipment
Wabash Reports Higher 2Q Earnings, Trailer Shipments
Wabash National Corp. said second-quarter earnings jumped 76% as trailer shipments increased from a year ago.
July 28, 2015Business
Paccar Reports Record Earnings in 2Q
Paccar Inc. reported a record profit in the second quarter as truck sales continued to rise in North America and Europe.
July 28, 2015Business
Rate Gains Help Most TL Firms to Boost Second-Quarter Profits
Several of the nation’s largest truckload fleets last week reported higher second-quarter earnings, benefiting from higher prices as industrywide rates stand at record levels.
July 27, 2015Business
Volvo, Daimler Post Stronger 2Q Results as Truck Sales Climb in North America
The global truck divisions of Daimler and Volvo posted improved financial results for the second quarter, driven by North America’s surging truck sales.
July 27, 2015Business
Landstar, Ryder, TransForce Earnings Rise; Universal Falls 3%
Truckload carrier Landstar System Inc., leasing specialist Ryder System Inc. and diversified North American carrier TransForce Inc. reported higher second-quarter earnings, but net income fell 3% at Universal Truckload Services Inc.
July 23, 2015Business
Two Transport Firms, Truck Dealer Report Lower Second-Quarter Profits
Two transport companies and a major truck dealer reported lower second-quarter results.
July 21, 2015Business
Volvo's Net Income Doubles in Second Quarter
Volvo Group doubled net income for the second quarter to 5.19 billion Swedish krona ($597 million), led by stronger profits and rising sales in its truck business.
July 17, 2015