Radiant Posts Higher Earnings; Echo Global, Forward Air Slip
Three transportation and logistics companies reported quarterly earnings after the market closed Feb. 8, with two that recorded year-over-year declines and one that showed improvement.
February 8, 2017Soft Truck Market Takes Bite Out of Meritor First-Quarter Earnings
Commercial vehicle supplier Meritor Inc. reported lower fiscal first-quarter income and revenue as North American Class 8 production tailed off, it said Feb. 1.
February 1, 2017Wabash Reports Decline in Fourth-Quarter Earnings, Higher Full-Year Profits
Wabash National Corp., North America’s largest trailer maker, saw fourth-quarter profits and revenue slip compared with the 2015 period. Net income, however, rose for the full year on lower revenue, the company reported Jan. 31.
February 1, 2017Truckload Companies Post Lower Profits in 4th Quarter
Several large truckload companies suffered from inconsistent fuel prices and lower freight revenue per truck, leading to steep declines in net income in the fourth quarter, but executives remain cautiously optimistic that industry conditions will improve in the second half of 2017.
Patriot Transportation Reports Mixed Financial Results for Last Quarter
Patriot Transportation Holding Inc. reported earnings dropped double digits for the three-month period that ended Dec. 31, although it came out ahead when a one-time settlement with gas company BP last year is excluded from the totals.
January 25, 2017YRC Worldwide Preliminary Fourth-Quarter Earnings Fall Short of Expectations
YRC Worldwide Inc. released preliminary figures on its operating income and earnings before interest, taxes, depreciation and amortization for the fourth quarter of 2016 and the entire year, both of which fall short of analysts' estimates.
January 25, 2017Radiant Logistics Reports First Non-Adjusted Profit Since June 2015
Radiant Logistics Inc. reported a profit of $1.35 million on Nov. 9, up from the $172,490 loss it reported one year ago.
Westport Fuel Systems Reports Net Loss, Higher Revenue
Westport Fuel Systems Inc. on Nov. 9 reported a net loss and higher revenue for the third quarter, as the recently merged company announced that it continues to review the business and operations to determine additional synergies and efficiencies.
November 10, 2016Swift Lowers Earnings Based on Pending Class-Action Lawsuit
Swift Transportation reversed course after reporting third-quarter earnings were up 4.7% year-over-year to $38 million on Oct. 24, lowering the number to $24 million, or a 34% decline lower than a year ago.
November 1, 2016Third Quarter LTL Results Mixed; YRC Tumbles, Others Gain
Less-than-truckload companies re- ported mixed results in the third- quarter as the carriers battle lower tonnage and shipments compared with a year ago.