U.S. Xpress Laying Off 100 in Tennessee, Georgia
Truckload carrier U.S. Xpress Enterprises said it is laying off 100 employees — all nondrivers — at two southeastern locations, citing a change in “company focus.”
UPS Global 2Q Revenue Rises 7.7%; Net Income Jumps 9.1%
UPS Inc. generated 7.7% more global revenue during the second quarter and improved net income by 9.1% year-over-year based on “balanced performance across all segments."
Landstar Tops Second-Quarter Forecasts With Net Income, Revenue
Truckload carrier and logistics provider Landstar System produced broad-based improvement among its services and generated second-quarter increases in net income and revenue, topping the consensus estimate of analysts by 2 cents a share.
Ryder Sets 2Q Revenue Record, Even as Net Income Slides 30%
Truck leasing and logistics company Ryder System brought in 5.25% more revenue, enough to set a second-quarter record, but poor used-truck pricing and higher expenses diminished earnings by 30.4%, year-over-year.
Daimler Second-Quarter Revenue Increases, Profits Flat; Truck Unit Sputters
Daimler AG reported higher revenue and flat profits during the second quarter, with a strong performance from its Mercedes-Benz car division but sputtering results from the global truck unit.
Hub Group Net Income Falls More Than 50% Even as Revenue Rises
Intermodal, trucking and logistics provider Hub Group had to wrestle with margin compression and acquisition-related expenses that caused second-quarter net income to plummet 53.8% even as revenue expanded by 8.1%.
Wabash Second-Quarter Results Decline Compared With Best-Ever Levels Last Year
Diversified trailer maker Wabash National Corp. reported second-quarter net income and revenue declined.
Paccar’s Net Income Down in Second Quarter Despite Revenue Surge
Second-quarter net income declined for truck maker Paccar Inc., even though revenue increased for the Bellevue, Wash.-based parent of Kenworth Trucks and Peterbilt Motors.
Swift Posts Decline in Profits, Freight Revenue for Second Quarter
Swift Transportation Co., North America’s largest truckload carrier, saw its profits and freight revenue decrease during the second quarter compared with the same time in 2016.
Consumer Goods, Housing Stable, Expected to Expand in Economy, Analysts Predict at Seminar
The consumer goods and housing sectors of the U.S. economy are on stable footing and should continue to expand moderately through at least 2018, as long as the nation can avoid self-manufactured traps, according to panelists at a trucking industry seminar on the economy.