Swedish truck-maker Volvo AB said it is more than doubling planned job cuts to 4,400 as its fourth-quarter operating income dropped 17% to 996 million kronor ($180.1 million).
February 6, 2014Business
UPS to Bolster Package Network as Holiday Surge Hurts Earnings
UPS Inc. last week outlined new steps to strengthen its domestic package network this year in the wake of an 8.5% decline in profit triggered by an unexpected late surge of holiday shipments.
February 3, 2014BusinessLogistics
Hub Group’s 4Q Earnings Fall
Hub Group Inc. said its net income fell in the fourth quarter of 2013 but increased in the full year.
January 28, 2014Business
J.B. Hunt Transport Earnings Rise
J.B. Hunt Transport Services Inc. reported that its fourth-quarter net income rose 9.4% to $91.9 million, or 77 cents per share, helped by stronger intermodal, brokerage and dedicated freight business.
January 23, 2014BusinessGovernmentSafety
Marten Reports Record Earnings in 2013
Truckload carrier Marten Transport reported 2013 was the best financial year in its history, but fourth-quarter income declined.
January 22, 2014Business
Knight Increases Earnings Forecasts
Knight Transportation Inc. has increased its profit forecasts for the fourth quarter of 2013 and the first quarter of 2014, citing better performance than it had previously expected.
January 21, 2014BusinessSafetyGovernment
Covenant Expects Higher 4Q Earnings
Covenant Transportation Group Inc. said it expects fourth-quarter 2013 net income of 18 cents to 22 cents a share, compared with 10 cents a share in the previous year’s quarter.
January 15, 2014Business
Meritor Reports Higher 4Q Earnings
Truck component maker Meritor Inc. said its fiscal fourth-quarter earnings jumped from a year ago in part on the sale of its stake in Suspensys Sistemas Automotivos.
November 13, 2013Business
YRC Delays Earnings, Plans Teamsters Contract Extension Talks
YRC Worldwide Inc. delayed its scheduled Nov. 7 third-quarter earnings announcement until Nov. 12 to provide more time for contract modification talks with the Teamsters as lenders press the less-than-truckload carrier to lower its costs.
November 7, 2013Business
OEMs Post Mixed Quarterly Earnings
Truck manufacturers Daimler Trucks and Paccar Inc. posted higher third-quarter profits, but Volvo AB reported lower earnings.
November 4, 2013