Landstar Profit Jumps on Record Revenue
Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.
July 26, 2018Covenant Profits Jump on 20% Revenue Rise
Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.
July 26, 2018Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue
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, 2018Amazon Helps Grow Rockford Airport, Cargo Carriers
The growth of Amazon.com and e-commerce in general is bolstering the fortunes of Rockford, Ill.’s Chicago Rockford International Airport (RFD) and two air cargo carriers that use the airport, elevating the profile of a facility that must compete for air traffic with the Windy City’s dominant O’Hare International Airport.
July 25, 2018UPS Reports Steady 2Q Income, Revenue
UPS Inc. reported solid second-quarter growth in revenue and profits despite charges taken for its voluntary retirement plan and efforts to upgrade the firm.
July 25, 2018Tonnage Rises 7.8% in June, Up 8% in First Half of 2018
Truck tonnage continued its powerful run in June, rising 7.8% compared with year-ago levels and up nearly 8% through the first half of 2018, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index.
July 24, 2018Volvo Profits Jump 47% on Sales Growth
Volvo AG reported second-quarter operating income of $1.4 billion, or 50 cents a share, a 47% increase from $939 million, or 32 cents, in the same period a year ago.
July 19, 2018Marten Transport Income Rises 50% in 2Q
Marten Transport reported a strong jump in profits and revenue in the second quarter, spurred by a rise in operating income at all four of its major divisions.
July 17, 2018Stay Metrics Analysis Finds New Drivers Spur Higher Turnover Rates
More than 70% of driver turnover occurs in the first year of employment, and 36% of drivers leave a firm within their first three months on the job, according to an analysis from Stay Metrics, the South Bend, Ind.-based driver turnover and retention consultant to carriers.
July 16, 2018J.B. Hunt Profits Power Up 55% in 2Q; Revenues Rise 24%
J.B. Hunt Transport Services reported second-quarter net earnings of $151.7 million, or $1.37 a share, up 55% from $97.9 million and 88 cents per share in the second quarter of 2017.
July 16, 2018