Daimler Paves Way to Potential Spinoffs With Separation Plan
Daimler AG, battered by allegations it colluded with other German carmakers for decades, is studying a legal separation of its businesses, including cars, trucks, vans and financial services, in a move that could pave the way for future spinoffs
July 26, 2017Wabash 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.
July 25, 2017Covenant 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.
July 25, 2017Swift 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.
July 24, 2017Wabco Posts Record Quarterly Earnings
Commercial vehicle supplier Wabco Holdings Inc. reported second-quarter and six-months net income and revenue jumped, and posted record quarterly earnings per share.
July 21, 2017Marten 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.
July 20, 2017Rail Hot Streak Continues: Union Pacific Profits Up 19%, Beat Estimates
Freight rail carrier Union Pacific Corp. announced July 20 that profits jumped 19% in the second quarter after CSX Corp. and Canadian Pacific Railway posted strong gains earlier in the week.
July 20, 2017XPO Reports Higher 2Q Revenue, Operating Income; Plans Another Stock Offering
XPO Logistics reported that revenue and operating income will be higher compared to a year ago, in a preview of the formal release of the company’s second-quarter results Aug. 2. Meanwhile, XPO also alerted the U.S. Securities and Exchange Commission that it plans to issue 11 million new shares of stock at a date that it will specify later.
July 17, 2017J.B. Hunt Reports 6.8% Drop in 2Q Profits, Missing Analyst Forecasts
J.B. Hunt Transport Services Inc. kicked off the earnings reporting season on a sour note for the truckload industry, announcing profits dropped 6.8% year-over-year and missing the Bloomberg News consensus forecast of industry analysts.
July 17, 20173PLs Report Freight Volumes Better in 2Q, but Margins Compression Lingered in Peak Season
Each of the six publicly traded third party logistics providers, or 3PLs, is expected to announce revenue growth but only three may generate higher profits than a year ago, according to a Bloomberg News consensus forecast.
July 12, 2017