Quarterly Earnings
Marten Transport’s Net Income up 8.7% as Revenue Hits High
Marten Transport
Marten Transport saw record revenues lead to an 8.7% increase in net income, up to $16.6 million, from $15.3 million in the third quarter of 2018, according to an earnings report released Oct. 17.
October 17, 2019Second-Quarter Growth Revised Down to 2%
Andrew Harrer/Bloomberg News
U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trump’s trade actions are weighing more heavily on the pace of expansion.
August 29, 2019Maersk Plunges as Investors Dump Trade Icon on Trump’s Tweets
Chris Ratcliffe/Bloomberg News
Shares in A.P. Moller-Maersk A/S, the world’s largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China.
August 2, 2019Tesla Plunges on Profit Doubts, Co-Founder J.B. Straubel’s Surprise Exit
Bloomberg News
Tesla Inc. shares plummeted after a worse-than-expected loss and yet another major management change cast fresh doubts on the electric car maker’s future.
July 25, 2019Volvo Quarterly Earnings Surge as North America Deliveries Jump
Krisztian Bocsi/Bloomberg News
Volvo Group’s second-quarter earnings beat analyst expectations, as truck deliveries rose and the company increased its market forecasts for North America and Europe this year.
July 18, 2019Home Depot Results Mixed as Wet Weather, Calendar Shift Weigh on Shares
Luke Sharrett/Bloomberg News
The Home Depot Inc. failed to fully rebound from a lackluster end to last year, with the company saying a calendar adjustment added to the drag from wet weather. Tariffs also weighed on the stock, with the company saying that a recent increase in duties isn’t included in its guidance.
May 21, 2019Daseke Reports 32% Increase in 1Q Revenue to $433 Million
Daseke's Central Oregon Truck Co. tractor transports a flatbed load. In the flatbed division, revenue increased 84.8% to $269.7 million compared with $184.9 million a year ago. (Daseke Inc.)
Flatbed and specialized carrier Daseke Inc. reported May 6 that first-quarter revenue increased 32% to $433 million, compared with $327.6 million in the same period last year, but posted a decline in earnings due to increased investments.
May 6, 2019Ryder System Posts Robust First Quarter, Boosts Profit Forecast for 2019
Ryder says it expects earnings for the full year to be in the range of $5.28 to $5.58 a share, an increase from previous forecasts. (John Sommers II for Transport Topics)
Ryder System posted higher earnings and strong sales growth in its dedicated and supply chain solutions businesses for the first quarter of 2019.
May 3, 2019Editorial: Old Man Winter Can’t Stop Freight
With quarterly earnings underway, we’re getting a look at how the industry fared during the first three months of 2019, a year which some have predicted could mark the beginning of a cooldown from last year’s red-hot freight market. Turns out the start of this year for freight haulers wasn’t marked so much by a cooldown as it was cold and snowy weather.
April 25, 2019Amazon’s Profit Surges on Cloud Computing, Advertising Gains
The Amazon.com logo is displayed outside the company's fulfillment center in Kenosha, Wis. (Jim Young/Bloomberg News)
Amazon.com reported quarterly profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud computing, advertising and other high-margin businesses continues to pay off.
April 25, 2019