Quarterly Earnings

Business

Marten Transport’s Net Income up 8.7% as Revenue Hits High

Marten Transport truck on highway 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.

Jim Stinson | Staff Reporter
October 17, 2019
Government, Business

Second-Quarter Growth Revised Down to 2%

Economic growth 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.

Jeff Kearns | Bloomberg News
August 29, 2019
Business, Logistics

Maersk Plunges as Investors Dump Trade Icon on Trump’s Tweets

Maersk 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.

Christian Wienberg | Bloomberg News
August 2, 2019
Business, Technology

Tesla Plunges on Profit Doubts, Co-Founder J.B. Straubel’s Surprise Exit

Tesla 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.

Dana Hull | Bloomberg News
July 25, 2019
Business, Technology

Volvo Quarterly Earnings Surge as North America Deliveries Jump

Volvo 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.

Niclas Rolander | Bloomberg News
July 18, 2019
Business, Logistics

Home 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.

Matt Townsend | Bloomberg News
May 21, 2019
Business

Daseke Reports 32% Increase in 1Q Revenue to $433 Million

Daseke flatbed 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.

Dan Ronan | Associate News Editor
May 6, 2019
Business, Equipment, Logistics

Ryder System Posts Robust First Quarter, Boosts Profit Forecast for 2019

Ryder truck 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.

Daniel P. Bearth | Senior Staff Writer
May 3, 2019
Government, Business, Technology, Fuel, Editorial

Editorial: 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, 2019
Government, Business, Technology, Logistics

Amazon’s Profit Surges on Cloud Computing, Advertising Gains

Amazon flag 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.

Matt Day | Bloomberg News
April 25, 2019

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