Norfolk Southern Earnings Rise 25%, Helped by Cost Cuts
Norfolk Southern Corp. reported the best year-over-year improvement in first-quarter rail industry earnings, boosting net income 25% to $387 million, or $1.29 per share, helped by expense reductions and improved results for commodity groups, particularly automotive shipments.
April 22, 2016Forward Air, Marten Earnings Rise, But Profit Slips at Swift
Expedited carrier Forward Air Corp. and refrigerated fleet Marten Transport Ltd. reported higher earnings as the parade of first-quarter truckload results continues, but Swift Transportation Co. net income dipped amid continuing pressure in the dry van freight market.
April 21, 2016Knight, Werner, Landstar Report Lower First-Quarter Earnings
Three major truckload carriers reported weaker first-quarter results in the challenging freight market.
April 20, 2016Little Optimism About 1Q Earnings Due to Economy, Capacity Surplus
A sluggish U.S. economy and a surplus of freight capacity are creating little optimism about first-quarter earnings reports that begin arriving this week from publicly traded carriers, analysts said.
April 11, 2016Analysis: FedEx Earnings and the Amazonian Elephant
Despite the excellent results, FedEx Corp. management still had to answer questions about the e-commerce giant and the potential for it to encroach on the package shipper's territory as Amazon makes plans to build out its own delivery capabilities.
March 18, 20164Q, Full-Year 2015 Earnings Show Shift in Global Marketplace Trends for OEMs
Heavy-duty truck and engine makers reported earnings for the fourth quarter and the year that show the North American market starting to ease, Europe on the rise and the rest of the world showing difficulties.
February 15, 2016Two Suppliers See 4Q Profits Fall, Plan Guarded Approach in 2016
Industry suppliers Rush Enterprises Inc. and Allison Transmission Holdings Inc. said net income and revenue dropped in the fourth quarter and that they were taking a guarded approach to 2016.
February 15, 2016Saia, Echo Report Lower Fourth-Quarter Earnings
Weaker freight market conditions drove net income down 16% at less-than-truckload carrier Saia Inc., which reported a profit of $11.4 million, or 45 cents a share, and Echo Global Logistics Inc. earnings declined 64% to $1.7 million, or 6 cents a share, hurt by acquisition-related costs.
February 5, 2016Earnings Roundup: C.H. Robinson, ArcBest, Roadrunner, Hub Group, Universal Truckload Services
Improved profit margins produced 12% higher fourth-quarter earnings at broker C.H. Robinson Worldwide Inc. and logistics company Hub Group, where net income rose 37%.
February 3, 2016Ryder, USA Truck Earnings Improve in Fourth Quarter
Two large freight industry companies have reported improved fourth-quarter results, with net income rising 5% at Ryder System Inc. and 11% at USA Truck Inc.
February 2, 2016