While the country’s economic recovery is still progressing a little too slow for most of us, there are signs that better times are on the horizon for the trucking industry. For example, in spite of a largely stale economy in the final quarter of 2012 (combined with ever-rising fuel costs) three major publically-traded motor carriers posted higher-than-expected profits for October, November, and December according to the Jan 28 print edition of Transport Topics.
J.B. Hunt Transport Services, Swift Transportation Co., and Caledon Group, who maintain fleets consisting of International trucks, all reported favorable earnings in 2012’s fourth quarter. J.B. Hunt experienced record profit for the quarter with a 15.7% rise in income.
Swift Transportation increased its net income by 27.3% and Celadon Group experienced a 35.3% increase over the previous year’s earnings for the period.
While the economy still seems sluggish, at least it appears that we’re beginning to move in the right direction!
For further detail, visit: http://bit.ly/VK7GaD
J.B. Hunt Transport Services, Swift Transportation Co., and Caledon Group, who maintain fleets consisting of International trucks, all reported favorable earnings in 2012’s fourth quarter. J.B. Hunt experienced record profit for the quarter with a 15.7% rise in income.
Swift Transportation increased its net income by 27.3% and Celadon Group experienced a 35.3% increase over the previous year’s earnings for the period.
While the economy still seems sluggish, at least it appears that we’re beginning to move in the right direction!
For further detail, visit: http://bit.ly/VK7GaD
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