Top 100

Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.

UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.

Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.

UPS Inc. reported solid second-quarter growth in revenue and profits despite charges taken for its voluntary retirement plan and efforts to upgrade the firm.

Carriers in the tank/bulk sector posted modest gains in revenue as firms dealt with positive and negative market trends. Higher prices slowed demand for fuel shipments, while increases in oil and gas drilling and production of petrochemicals boosted demand for tankers.

Heartland Express reported second-quarter net income of $17.8 million, or 22 cents per share, a 22% increase from $14.6 million, or 18 cents, recorded in the second quarter of 2017.

JB Hunt Transport Services Inc. Chairman James K. Thompson sold $1.98 million of shares, according to a filing with the U.S. Securities & Exchange Commission.

More than three dozen managers and front-office employees at C.R. England Inc. have taken classes to earn a commercial driver license at the request of CEO Chad England, who said he believes the experience of learning to drive big rigs will help the company be more responsive to the needs of drivers.

The nation’s largest for-hire carriers are embracing new technologies and doing more to foster innovation with the goal of reducing the cost of moving freight and providing new service capabilities.

Leaders at prominent less-than-truckload carriers are optimistic about the future as their companies adapt and expand services to capitalize on favorable long-term trends, such as the move toward smaller shipments and the growth of e-commerce.