Trucking components maker Meritor Inc. Thursday named Tim Bowes head of its commercial truck unit and said that Carsten Reinhardt, formerly its chief operating officer, has left the company.
July 21, 2011Business
Truckload Firms Post Earnings Gains on Tight Capacity, Higher Rates
Six of seven publicly traded large truckload carriers delivered strong second-quarter profit increases last week, as capacity constraints helped to boost rates and margins.
July 25, 2011Business
YRC Says It Will Post Profit During Second Half of 2011
YRC Worldwide Inc. expects to earn its first profit from operations since 2007 in the second half of 2011, the less-than-truckload carrier said.
July 25, 2011Business
Caterpillar’s 2Q Profit Tops $1 Billion
Heavy equipment maker Caterpillar Inc. said Friday its second-quarter profit jumped 44% on higher sales, despite extra expenses from the company's acquisition of Bucyrus.
July 22, 2011Business
USA Truck’s Second-Quarter Profit Declines
USA Truck reported a second-quarter profit of $600,000, or 6 cents per share, compared with earnings of $900,000, or 9 cents, a year ago.
July 21, 2011Business
Werner’s Second-Quarter Earnings Rise 31%
Werner Enterprises’ second-quarter earnings jumped 31% despite sluggish freight demand in the first two months of the quarter, the truckload carrier said Wednesday.
July 20, 2011Business
Marten’s Second-Quarter Profit Improves
Marten Transport’s second-quarter profit rose 20.1% on improved performance in its truckload and logistics sectors, along with higher fuel surcharge revenue.
July 20, 2011Business
Heartland’s 2Q Profit Rises 35%
Truckload carrier Heartland Express said its second-quarter profit rose 35.3% from a year ago on higher freight demand, while citing concerns over tight driver availability and rising fuel prices.
July 19, 2011Business
Analysts Predict Strong Results When Fleets Report 2Q Earnings
Rising freight rates and effective cost controls are expected to push many publicly traded second-quarter freight industry earnings to their highest levels since 2008, with three companies likely to post record profits for any quarter.
July 18, 2011BusinessLogistics
TransForce’s 1Q Earnings Decline
Canadian transporter TransForce Inc. said its first-quarter net earnings fell to C$14.9 million, or 15 Canadian cents a share, from C$26.1 million, or 27 cents, in a year earlier.
May 19, 2011