Trucking components maker Meritor Inc. Thursday named Tim Bowes head of its commercial truck unit and said that Carsten Reinhardt, formerly its chief operating officer, has left the company.
July 21, 2011Business
USA Truck’s Second-Quarter Profit Declines
USA Truck reported a second-quarter profit of $600,000, or 6 cents per share, compared with earnings of $900,000, or 9 cents, a year ago.
July 21, 2011Business
Werner’s Second-Quarter Earnings Rise 31%
Werner Enterprises’ second-quarter earnings jumped 31% despite sluggish freight demand in the first two months of the quarter, the truckload carrier said Wednesday.
July 20, 2011Business
Marten’s Second-Quarter Profit Improves
Marten Transport’s second-quarter profit rose 20.1% on improved performance in its truckload and logistics sectors, along with higher fuel surcharge revenue.
July 20, 2011Business
Heartland’s 2Q Profit Rises 35%
Truckload carrier Heartland Express said its second-quarter profit rose 35.3% from a year ago on higher freight demand, while citing concerns over tight driver availability and rising fuel prices.
July 19, 2011Business
Analysts Predict Strong Results When Fleets Report 2Q Earnings
Rising freight rates and effective cost controls are expected to push many publicly traded second-quarter freight industry earnings to their highest levels since 2008, with three companies likely to post record profits for any quarter.
July 18, 2011Business, Logistics
TransForce’s 1Q Earnings Decline
Canadian transporter TransForce Inc. said its first-quarter net earnings fell to C$14.9 million, or 15 Canadian cents a share, from C$26.1 million, or 27 cents, in a year earlier.
May 19, 2011Business
Volvo Says Quarterly Earnings Rose 143% on Growing Demand for Trucks Worldwide
Benefiting from increased global demand for its trucks, Volvo AB reported a 143% jump in first-quarter earnings from a year earlier, driven by a 22% increase in revenue, the company said April 27.
May 2, 2011Business
UPS Reports Higher 1Q Profit; Boosts Full-Year Earnings Forecast
UPS Inc. said Tuesday its first-quarter improved as its supply chain and freight unit’s operating profit jumped 44%.
April 26, 2011Business
Higher Fuel Costs Lower 1Q Earnings, But Many Fleets Top Year-Ago Results
Sharply higher fuel prices put a significant dent in first-quarter earnings for truckload fleets, but seven of the eight companies that have reported thus far still managed to top year-earlier results.
April 25, 2011