Eaton, Meritor Report Higher Earnings; Meritor Appoints CEO
Component makers Eaton Corp. and Meritor Inc. reported higher earnings for their most recent fiscal quarters, with both companies citing a strong North American truck market, and Meritor appointed a new CEO.
April 29, 2015Wabash Reports Higher 1Q Earnings, Record Order Backlog
Trailer maker Wabash National Corp. reported higher first-quarter earnings and a record order backlog as demand for new equipment remained strong.
April 28, 2015UPS Earnings Rise 13% to $1.03 Billion
UPS Inc. raised net income 13% to $1.03 billion, or $1.12 per share, in the first quarter as profitability improved in the package, international and supply chain units.
April 28, 2015Four Fleets Post Higher 1Q Profits, Citing Demand, Rates, Fuel Prices
Four of five trucking companies announced improved first-quarter profits last week that rose with help from factors such as stronger demand, higher rates and lower fuel prices.
April 27, 2015April 23 Earnings Roundup: Covenant, Landstar, Hub Group,TransForce, Mullen
Truckload operators Covenant Transportation Group Inc. and Landstar System Inc. reported improved first-quarter results, while third-party logistics provider Hub Group Inc.’s earnings declined.
April 23, 2015West Coast Port Gridlock Hampers Union Pacific Earnings
Union Pacific Corp., the largest U.S. railroad, posted first-quarter profit and sales below estimates as West Coast port congestion and slack coal demand caused carloads to decline.
April 23, 2015April 22 Earnings Roundup: Werner, Knight, Forward Air, Ryder, Heartland Express
Werner Enterprises and Knight Transportation reported an increase in first-quarter earnings with help from higher freight rates, while Forward Air's profit fell because of acquisition-related costs.
April 22, 2015Paccar’s 1Q Earnings Rise 38%
Paccar Inc. reported first-quarter income rose 38% from a year go on higher truck sales, and the company predicted higher industrywide U.S. and Canadian heavy-duty truck sales for this year.
April 21, 2015March 3 Earnings Roundup: TransForce, Accuride, Clean Energy
TransForce Inc. more than tripled fourth-quarter net income, Accuride Corp. reported a fourth-quarter loss but said revenue improved on higher sales and Clean Energy posted a fourth-quarter profit.
March 3, 2015USA Truck’s Earnings in 4Q Highlight Firm’s Turnaround
USA Truck Inc.’s strongest quarterly earnings report in nine years helped the company complete a turnaround in 2014 that saw it post its first full year of per-share profits since 2008.
March 2, 2015