Forward Air Reverses Second-Quarter Net Loss in 2016, Posts Nearly $20 Million in Profits
Forward Air Corp. recovered strongly after a $10 million loss one year ago, posting a profit of $19.6 million or 64 cents per share for the three-month period ending June 30.
Knight Transportation Profits Down 28%, Match Forecasts After Adjustments for Swift Merger
Knight Transportation Inc. profits declined 28% in the second quarter, the latest in a series of unfavorable earnings reports from truckload carriers matching what was anticipated to be a tough first half of 2017.
Patriot Transportation Struggles to Remain Profitable as Earnings Decline Sharply
Patriot Transportation Holding Inc., a tank truck carrier, announced sharply declined profits due to a significant loss of business, plunging 67% for its fiscal third quarter.
Norfolk Southern Profits Surge 23%, Completing Red-Hot Second-Quarter Rail Results
Norfolk Southern Corp. completed a red-hot second quarter for rail freight carriers, posting a 23% increase in profits and a 15% increase in operating income reversing a lackluster year in 2016.
Covenant Profits Plunge 58% in Second Quarter, Still Beat Low Analyst Forecast
Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.
Werner Enterprises Profits Jump 27% on Strong Truckload Performance
Werner Enterprises Inc. scored a rare win for the truckload industry as profits increased 27% in the second quarter, easily surpassing the growth in the consensus forecast of industry analysts.
Kansas City Southern Profits Up Nearly 12%, Continuing Streak of Wins for Rail
Kansas City Southern continued the red-hot results from railroad freight carriers in the second quarter, with its profit growing 11.9%, slightly beating the consensus analyst forecast.
J.B. Hunt Purchases Special Logistics for $136 Million; Deal to Boost Final-Mile Deliveries
J.B. Hunt Transport Services Inc. announced it will acquire Houston-based Special Logistics Dedicated for $136 million.
Marten Bucks the Trend With a 7.2% Increase in Profits, Beats Forecast
Marten Transport announced that profits rose 7.2% in the second quarter, easily beating the forecast from industry analysts and shifting the momentum after J.B. Hunt Transport Services’ disappointing results on July 17.
Truck Drivers in New York Ratify Contract With United Natural Foods
Truck drivers in Montgomery, N.Y., voted to ratify a collective bargaining agreement with private carrier United Natural Foods Inc., the first contract since they joined the International Brotherhood of Teamsters in 2016.