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A trucking provider to the air cargo industry, Forward Air, reports both income and revenue during the first quarter of the year moved higher, despite a more challenging operating environment than expected.
Read More →The Iowa-based truckload operation Heartland Express reports it saw a first quarter uptick in profits while revenue was mainly unchanged.
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The first quarter earnings reporting season has kicked off in trucking on a high note with J. B. Hunt Transport Services, which announced net earnings of $73.3 million compared to $67.7 million the same time a year ago.
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Navistar International reported a worse fourth-quarter loss than expected, thanks in part to a spike in warranty costs along with the weakened truck demand affecting all truck makers. The Lisle, Ill.-based truck and engine maker reported a fourth quarter 2012 net loss of $2.8 billion, or $40.13 per diluted share, compared to fourth quarter 2011 net income of $255 million, or $3.48 per diluted share.
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