Rising rates and falling fuel prices should drive higher second-quarter earnings in the trucking sector when results begin to roll in this week, analysts said.
July 13, 2015Business
Greenbrier Earnings Rise as Deliveries Increase
Intermodal and freight car manufacturer Greenbrier Cos. raised net income 27% to $42.8 million, or $1.33 per share, in its fiscal third quarter ended May 31 as railcar deliveries increased.
July 2, 2015Business
Four Fleets Improve First-Quarter Earnings
Four fleets reported improved first-quarter earnings, topped by a 69% increase at Con-way Inc. and 47% better results at Saia Inc.
April 29, 2015Business
Eaton, Meritor Report Higher Earnings; Meritor Appoints CEO
Component makers Eaton Corp. and Meritor Inc. reported higher earnings for their most recent fiscal quarters, with both companies citing a strong North American truck market, and Meritor appointed a new CEO.
April 29, 2015BusinessEquipment
Wabash Reports Higher 1Q Earnings, Record Order Backlog
Trailer maker Wabash National Corp. reported higher first-quarter earnings and a record order backlog as demand for new equipment remained strong.
April 28, 2015Business
UPS Earnings Rise 13% to $1.03 Billion
UPS Inc. raised net income 13% to $1.03 billion, or $1.12 per share, in the first quarter as profitability improved in the package, international and supply chain units.
April 28, 2015Business
Four Fleets Post Higher 1Q Profits, Citing Demand, Rates, Fuel Prices
Four of five trucking companies announced improved first-quarter profits last week that rose with help from factors such as stronger demand, higher rates and lower fuel prices.
April 27, 2015Business
April 23 Earnings Roundup: Covenant, Landstar, Hub Group,TransForce, Mullen
Truckload operators Covenant Transportation Group Inc. and Landstar System Inc. reported improved first-quarter results, while third-party logistics provider Hub Group Inc.’s earnings declined.
April 23, 2015BusinessLogistics
West Coast Port Gridlock Hampers Union Pacific Earnings
Union Pacific Corp., the largest U.S. railroad, posted first-quarter profit and sales below estimates as West Coast port congestion and slack coal demand caused carloads to decline.
April 23, 2015Business
April 22 Earnings Roundup: Werner, Knight, Forward Air, Ryder, Heartland Express
Werner Enterprises and Knight Transportation reported an increase in first-quarter earnings with help from higher freight rates, while Forward Air's profit fell because of acquisition-related costs.
April 22, 2015