Werner Raises Fourth-Quarter Profit; Landstar Earnings Drop Slightly
Werner Enterprises Inc., which ranks No. 16 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, raised fourth-quarter net income 12% to $36.6 million, or 51 cents per share, and No. 10 Landstar earnings dipped 2% to $37.9 million, or 88 cents.
January 29, 2016J.B. Hunt Earnings Rise; Rail Results Decline
Fourth-quarter trucking earnings reports kicked off with J.B. Hunt Transport Services Inc. posting 5.8% higher earnings of $116.7 million, or $1.01 per share, led by improved profits in its dedicated, over-the-road and brokerage businesses.
January 21, 2016Knight Cuts Fourth-Quarter Earnings Forecast
Knight Transportation Inc. lowered its fourth-quarter earnings estimate by about 15%, citing more moderate rate increases, fewer spot market opportunities, additional driver pay increases and reduced gains on used equipment sales.
December 18, 2015Analysis: Earnings Season Likely to Be Worst Since 2009
This U.S. earnings season is on track to be the worst since 2009 as profits from oil and gas and commodity-related companies plummet.
November 4, 2015UPS 3Q Earnings Increase 3.5% on Stronger Base Freight Rates
UPS Inc. posted a 3.5% increase in third-quarter net income to $1.26 billion, compared with the same three months in 2014, even as quarterly revenue dipped by 0.4% to $14.24 billion.
November 1, 2015Roadrunner Earnings to Fall Short of Expectations
Roadrunner Transportation Systems said third-quarter earnings would be 14 cents to 17 cents per share, far below the 44 cents per share average estimate, citing a combination of one-time costs and a weaker-than-expected freight market.
October 27, 2015Ryder System Lowers Third-Quarter Earnings Expectations
Ryder System Inc. became the third publicly traded trucking industry company to lower third-quarter earnings expectations by announcing that its profits would be 10 cents per share to 13 cents per share below its earlier forecast.
October 13, 2015Universal Earnings to Trail Expectations, Guidance
Universal Truckload Services Inc. said it expects third-quarter earnings will lag year-earlier results and come in below analysts expectations due to weakening customer demand for truckload services in certain industrial sectors.
September 30, 2015Swift Earnings to Trail Forecast, Guidance
Swift Transportation Co. said its third-quarter and full-year results will lag analyst forecasts and its own profit guidance because of costs from past accidents and weaker freight volumes in the fourth quarter.
September 25, 2015Maersk Earnings Show Company Defying Market Headwinds
A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said profit exceeded estimates despite a slump in freight rates.
August 13, 2015