Earnings News Updates

Benefiting from increased global demand for its trucks, Volvo AB reported a 143% jump in first-quarter earnings from a year earlier, driven by a 22% increase in revenue, the company said April 27.

Sharply higher fuel prices put a significant dent in first-quarter earnings for truckload fleets, but seven of the eight companies that have reported thus far still managed to top year-earlier results.

Most trucking companies are expected to post a fifth consecutive quarter of better earnings because freight volumes and rates are rising, but sharply higher fuel prices likely will put a dent in the increases, analysts said.

Swift Transportation Co. said March 29 that its first-quarter earnings will be 5 to 8 cents per share, due to bad weather and high fuel costs at the start of the year.

Ceva Logistics on Monday reported higher revenue and earnings for the fourth quarter and full year.

TransForce Inc., Canada's largest trucking company, said Friday it had a forth-quarter profit of C$35.6 million on higher revenue from its package delivery and specialized service segments, Reuters reported.

Logistics and intermodal firm Hub Group’s fourth-quarter profit jumped 25.7% to $12.5 million, or 34 cents a share, from $10 million, or 26 cents, a year earlier.