Earnings report roundup: Celadon, Saia, UPS, Roadrunner, Old Dominion, Con-way

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Fleets around the country are in the midst of reporting their first quarter earnings. Below are a few more major fleets who have reported. Click here to see an earnings report roundup from last week that includes reports from J.B. Hunt, Marten, Knight, Landstar, Heartland, Werner and Swift.

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CeladonCeladon: Celadon (No. 39 on the CCJ Top 250) saw a 19.9 percent ($38.5 million) increase in revenue for the third quarter of the company’s fiscal year that ended March 30. Freight revenue, which excludes fuel surcharges, increased $46.1 million, or 29.6 percent, to $201.7 million, up from $155.6 million in the same quarter the previous year. Net income increased $5.1 million, or 146.7 percent, to $8.6 million in the 2015 quarter from $3.5 million the same quarter last year. Earnings per diluted share increased 21 cents, or 140 percent, to 36 cents in the March 2015 period.[/gttable]

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Saia: Saia, Inc. (No. 22 on the CCJ Top 250) saw a 2.2 percent decrease in revenue, down to $293 million compared to the first quarter 2014. Operating income increased 39 percent to $21.2 million compared to $15.2 million in the same period last year. Diluted earnings per share were up to 49 cents from 34 cents the previous year. LTL tonnage decreased 6.6 percent as LTL shipments were down 2.8 percent. LTL revenue per hundredweight increased 4.6 percent, even with lower fuel surcharges.[/gttable]

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UPS FreightUPS: UPS (No. 1) saw a 14 percent increase in first quarter 2015 diluted earnings per share, which was $1.12. Operating profit increased 11 percent to $1.7 billion, with all three segments contributing. Total reported revenue of $14 billion was up 1.4 percent over the same quarter last year. Revenue growth was 3.6 percent after adjusting for foreign currency changes. Total company shipments increased 2.8 percent to 1.1 billion packages, led by European export growth of 9.4 percent. Revenue in the supply chain and freight segment increased 1.3 percent to $2.2 billion. UPS Freight revenue was up 2.3 percent resulting from gains in LTL and Ground Freight Pricing products. LTL shipments per day increased 3.5 percent over the prior-year period.[/gttable]

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RoadrunnerRoadrunner: Roadrunner Transportation Systems, Inc. (No. 27) saw its first quarter revenue increase 28 percent to $489 million from the same period in 2014. Operating income increased 39.3 percent to $26.8 million. EBITDA increased 40.4 percent to $33.7 million from $24 million in the same quarter last year. Diluted earnings per share increased 29.6 percent to 35 cents.[/gttable]

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Old DominionOld Dominion: Old Dominion’s (No. 11) first quarter revenue was $696.2 million, a 12.2 percent increase from $620.3 million from the first quarter of 2014. Net income grew 36.3 percent to $62.5 million from $45.9 million. Earnings per diluted share increased 37.7 percent to 73 cents from 53 cents last year. The company saw an 11.4 percent increase in LTL tons per day over the previous year.[/gttable]

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ConwayTruckCon-way: Con-way Inc. (No. 5) saw a first quarter net income of $21.8 million, or 37 cents per diluted share, which is up from $12.9 million or 22 cents per diluted share in the first quarter of 2014. Operating income was $51.9 million, a 57.1 percent increase from the $33.1 million earned in the same period a year ago. Revenue of $1.37 billion for the quarter was a slight increase from last year’s first quarter. Con-way Freight reported revenue of $855.6 million, a nine-tenths of a percent increase over 2014’s $848 million. Con-way Truckload reported revenue of $138.7 million, an 11.1 percent decrease from $156 million in last year’s first quarter. The decline was primarily due to lower fuel surcharge revenue. Excluding the surcharge, revenue was also adversely affected by lower fleet utilization due to fewer seated tractors, which reduced total loaded miles, partially offset by higher revenue per loaded mile.[/gttable]