Universal Says Third-Quarter Profit Will Trail Analyst Forecast
Universal Logistics Holdings Inc., the first trucking company to warn that third-quarter earnings would trail Wall Street forecasts, announced that earnings per share would be as much as 50% below the 2015 period.
October 5, 2016FedEx First-Quarter Earnings Climb 12.7%
FedEx Corp. reported net income rose 12.7%, excluding one-time costs, for the first quarter of fiscal 2017 compared with the same period a year ago.
XPO, YRC Post Profits in 2nd Quarter
Second-quarter earnings rose at YRC Worldwide and XPO Logistics’ less-than-truckload unit, but results of other publicly traded carriers slipped along with the struggling U.S. industrial sector.
YRC Earnings Rise 4%
YRC Worldwide Inc. reported that earnings rose 4% in the second quarter due to the decline in expenses outpacing the drop in revenue for the company’s two less-than-truckload divisions.
July 28, 2016Universal, Heartland Earnings Decline in Second Quarter
Universal Logistics Holdings Inc. second-quarter earnings fell 32%, and Heartland Express Inc. net income slipped 30%, consistent with weaker results reported by almost every other truckload carrier.
July 28, 2016Wabco Reports Second-Quarter, Six-Month Gains With Higher Content Per Vehicle
Commercial vehicle supplier Wabco Holdings Inc. reported earnings and revenue rose in the second quarter and in the six-month period as it added market share.
Knight, Covenant, Roadrunner Report Weaker Earnings
Knight Transportation Inc., Covenant Transportation Group Inc. and Roadrunner Transportation Systems reported weaker third-quarter results due to the freight market.
July 27, 2016Echo Global Logistics Reports Stronger Second-Quarter Earnings
Echo Global Logistics reported a jump in second-quarter earnings year-over-year, primarily tied to stronger truckload volume and transactional revenue.
Norfolk Southern, Canadian National Earnings Slip in Second Quarter
Weaker energy-related freight shipments led two more North American railroads to report lower second-quarter earnings, including a decline of 6% at Norfolk Southern Corp. and 3% at Canadian National Railway.
July 27, 2016Rush Earnings, Revenue Fall as Large Fleets Slash Demand
Multistate truck dealership Rush Enterprises Inc. said net income was cut nearly in half and revenue slipped in the second quarter as large fleet customers “severely” reduced demand for new trucks.
July 27, 2016