UPS Inc. last week said fourth-quarter earnings fell 1.9% from a year earlier because of higher costs to deliver holiday packages, an issue that company officials insisted will be fixed.
February 9, 2015Business, Logistics
Universal Truckload Earnings Drop 7% in 4Q
Universal Truckload Services Inc. said fourth-quarter net income fell 7% to $10.5 million, or 35 cents per share, as profits fell at its logistics business.
February 20, 2015Business
Feb. 5 Earnings Roundup: Cummins, Echo Global Logistics, Old Dominion, YRC
Two large less-than-truckload fleets reported higher fourth-quarter earnings, and net income rose slightly at engine maker Cummins Inc.
February 5, 2015Business
Feb. 4 Earnings Roundup: ArcBest, Con-way, Forward Air, Hub Group, Roadrunner, Wabash, XPO
Four more trucking businesses reported fourth-quarter results, including earnings that more than doubled at Con-way Inc., and increases of 41% at ArcBest Corp. and 10% at Roadrunner Transportation Systems.
February 4, 2015Business
Feb. 3 Earnings Roundup: Heartland, Robinson, Ryder, Eaton
Heartland Express Inc., C.H. Robinson Worldwide Inc., Ryder System Inc. and Eaton Corp. reported increased fourth-quarter earnings as trucking-related business across the industry benefited from an improving economy and growing demand. Â
February 3, 2015Business
UPS Earnings Fall 1.9%, Hurt by Higher Package Costs
UPS Inc. announced 1.9% lower fourth-quarter earnings, excluding one-time charges, of $1.13 billion, or $1.25 per share, that were hurt in both 2014 and the prior year by a miscalculation of peak holiday shipment demand.
February 3, 2015Business
Truckload Profits Increase as Rates Rise, Firms Grow
Five of the nation’s largest truckload carriers last week said quarterly earnings rose sharply, as they capitalized on strong demand by raising rates and running more trucks.
February 2, 2015Business
Jan. 30 Earnings Roundup: Paccar, Saia
Paccar Inc. and Saia Inc. reported higher fourth-quarter earnings.
January 30, 2015Business
Jan. 29 Earnings Roundup: Landstar, Werner Say Profits Rose by About Half
Landstar System Inc. and Werner Enterprises Inc., two of the largest truckload carriers, announced fourth-quarter earnings increases of 53% and 48%, respectively, to continue the positive trend in the sector.
January 29, 2015Business
Jan. 28 Earnings Roundup: Swift, Knight, Marten, Celadon, Canadian National Railway
Four of the nation’s largest truckload fleets, including Swift Transportation Co. and Knight Transportation Inc., announced sharply higher quarterly earnings tied to factors such as higher rates and fleet growth.
January 28, 2015