Daseke Inc. reported March 9 that fourth-quarter revenue increased to $447 million from $257.2 million in the same period last year. The flatbed and specialized carrier said it represents the fifth consecutive quarter that year-over-year revenue growth has exceeded 70%.
March 12, 2019Quarterly Earnings
Business, Logistics
TT File Photo
Daseke Extends Run of 70% Revenue Growth to Five Straight Quarters
TT File Photo
Business, Logistics
Scott Eells/Bloomberg News
Lowe’s Posts Solid 4Q Results as Rival Home Depot Stumbles
Scott Eells/Bloomberg News
It was a cold winter for Lowe’s Cos., but sales largely held up. And now, CEO Marvin Ellison said demand for home improvement goods is starting to heat up, one day after rival Home Depot Inc. reported results that fell short.
February 27, 2019
Business, Fuel, Logistics
Bruce Harmon/Trans Pixs
TravelCenters of America Reports Mixed 4Q, Annual Results
Bruce Harmon/Trans Pixs
TravelCenters of America, the nation’s only publicly traded truck stop network, reported a narrowed loss in fourth-quarter net income but an increase in revenue.
February 26, 2019
Business, Equipment
A Detroit Diesel engine dealer that features Allison transmissions. (Bruce Harmon/Trans Pixs)
Allison Transmission Reports Record Revenue, Net Income for 2018
A Detroit Diesel engine dealer that features Allison transmissions. (Bruce Harmon/Trans Pixs)
Allison Transmission Holdings Inc. reported record annual revenue and net income for 2018 while tax-related and interest expense factors led to mixed fourth-quarter results.
February 26, 2019
Business, Logistics
Patrick T. Fallon/Bloomberg News
Walmart Surges After Reporting Best Holiday Quarter Since 2009
Patrick T. Fallon/Bloomberg News
Walmart Inc. finally gave the U.S. retail sector some good news. The company brushed off the industry’s disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector’s outlook for 2019. Comparable sales for Walmart stores in the United States — a key performance barometer — rose 4.2% in the quarter that included Christmas, beating analysts’ estimates by a full percentage point.
February 19, 2019
Business, Equipment, Logistics
John Sommers II for Transport Topics
Fleet Expansion Generates Record Profits at P.A.M. Transportation Services in 3Q
John Sommers II for Transport Topics
Higher rates and a bigger fleet in a strong freight market produced record profits for P.A.M. Transportation Services in the third quarter.
October 16, 2018
Government, Business
President Donald Trump. (Hans Pennink/AP)
Trump Asks SEC to Look Into Frequency of Corporate Reports
President Donald Trump. (Hans Pennink/AP)
NEW YORK — President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file.
August 17, 2018
Business, Logistics
XPO Logistics CEO Brad Jacobs. (CNBC via YouTube)
XPO Logistics Posts Record Results in Second Quarter
XPO Logistics CEO Brad Jacobs. (CNBC via YouTube)
XPO Logistics posted its best-ever second quarter as a strong economy generated demand for freight hauling and logistics services, and the company was able to capitalize on a shift toward greater outsourcing of transportation by shippers.
August 1, 2018
Business, Equipment, Logistics
Knight Transportation completed its acquisition of Swift Transportation last September. (TT File Photo)
Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue
Knight Transportation completed its acquisition of Swift Transportation last September. (TT File Photo)
Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.
July 25, 2018
Business, Equipment
LT Series on-highway tractor/Navistar
Navistar Posts 2Q Profit
LT Series on-highway tractor/Navistar
Truck and engine manufacturer Navistar International Corp. reported net income of $55 million, or 55 cents per diluted share, for the second quarter of 2018, rebounding from a net loss of $80 million, or 86 cents, in the year-ago period, the company announced
June 6, 2018Pages
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