Earnings News Updates

YRC Worldwide reconfirmed Monday that its second quarter adjusted earnings before interest, taxes, depreciation and amortization would be positive, within a range of $35 million to $45 million, as second-quarter tonnage improved.

While Wall Street and economists are fretting about the staying power of the economic recovery, good news is expected to begin arriving this week in the form of sharply higher second-quarter earnings for publicly traded trucking firms.

Third-party logistics provider AutoInfo said its first-quarter earnings rose to $425,000, or 1 cent a share, from $219,000, or 1 cent, last year.

Third-party logistics provider Ceva Logistics reported an increase in first-quarter revenue compared with the same time in 2009.

UPS Inc.’s less-than-truckload unit is headed for a return to profitability in 2010 as part of a companywide increase in earnings, which jumped 32.9% in the first quarter, officials said last week.

Most publicly traded trucking companies have reported improved first-quarter earnings, adding evidence that the economic recovery is moving forward and offering hope that the second quarter will be even stronger.

Union Pacific Corp. said Thursday its first-quarter profit jumped 43% from a year ago as volumes increased.

Logistics, intermodal and brokerage firm Hub Group’s first-quarter profit grew to $8.7 million, or 23 cents a share, from $6.2 million, or 17 cents, a year ago.

Truck maker Paccar Inc.’s first-quarter profit grew to $68.3 million, or 19 cents a share, from $26.3 million, or 7 cents, a year ago.