Tax Reform Benefits Expeditors, Matson in 4Q
Expeditors International of Washington Inc. and Matson Inc. reported fourth-quarter and full-year 2017 results with both seeing boosts from the U.S. Tax Cuts and Jobs Act implemented in December
Patriot Transportation Earns $3.6 Million in Profits
Patriot Transportation Holding Inc. announced $3.6 million in profits in its fiscal first quarter, more than four times the amount one year ago thanks to $3 million in deferred tax benefits tied to the Tax Cuts and Jobs Act.
January 31, 2018Landstar Posts Record Profits, Revenue in 4Q
Landstar System said it reached a key milestone in the fourth quarter of 2017 with revenue topping $1 billion for the first time and earning record profits from its asset-light trucking and freight brokerage operations.
January 31, 2018ArcBest Ends 2017 With Strong Fourth Quarter
ArcBest Corp. ended the year with a strong fourth quarter because of better less-than-truckload pricing and lower expenses than one year ago.
Commercial Vehicle Group Reports Strong Third Quarter
Component supplier Commercial Vehicle Group Inc. reported stronger revenue and net income for the third quarter as its two key segments improved.
November 13, 2017YRC Profits Plunge 78% in Third Quarter
YRC Worldwide CEO James Welch was hopeful three months ago that the third quarter would be in line with the second quarter, but that was before two hurricanes wreaked havoc in Texas and Florida.
E-Commerce Powers XPO’s Rise to Record Revenue, Profits in Third Quarter
XPO Logistics reported profits skyrocketed 316% year-over-year in the third quarter, marking the eighth consecutive quarter in which the company surpassed year-ago levels.
Wabash 3Q Net Income, Revenue Fall Against Prior-Year Record Performance
Trailer maker Wabash National Corp. reported net income and revenue dropped in the third quarter compared with the company’s record-setting third quarter in 2016.
C.H. Robinson, Hub Group Revenues Rise, Profits Fall
Rising contract prices for trucks impacted third-quarter results for logistics firms C.H. Robinson and Hub Group that saw weaker profits despite greater revenues.