Earnings report roundup: UPS, Con-Way, Swift, Knight, Celadon, Heartland, Landstar, Swift, Werner, Saia, Roadrunner

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Fleets around the country are in the midst of reporting their fourth quarter and 2013 earnings. Here are a few notable fleets to report so far:

Mack Pinnacle Axle Back Natural Gas UPSUPS: UPS (No. 1 in the CCJ Top 250) reported fourth quarter revenue of $14.98 billion, up 2.8 percent from 2012’s fourth quarter revenue of $14.57 billion. It also reported a net income of $1.17 billion, up from last year’s $1.75 billion loss in the quarter. Its diluted earnings per share rose to $1.25 in the quarter from last year’s 4Q $1.83 loss per share. The largest carrier in the country said it carried 4.3 billion shipments in the fourth quarter — up 3.9 percent from the prior year’s fourth quarter.

con-wayCon-way: Con-way (No. 4 in the CCJ Top 250) reported a net income of $11.7 million in the quarter with an earnings of 20 cents per diluted share. Each of these was down slightly from 2012’s fourth quarter, when the company reported $11.8 million in net income and 21 cents per share in earnings. Con-way’s revenue in the quarter was $1.36 billion — flat from 2012’s 4Q. For the full year, Con-way reported $99.2 million in net income, down some from 2012’s $104.5 million. Revenue was also down slightly to $5.47 billion from 2012’s $5.58 billion.

12-swift-4-odSwift: Swift (No. 5 in the CCJ Top 250) saw its operating revenue climb to $1.08 billion in the quarter from $1.05 billion in 2012’s 4Q, while its full year operating revenue rose to $4.12 billion from 2012’s $3.98 billion. The company’s EBITDA shrank some in the fourth quarter year over year — to $163.1 million from $169.3 million — but grew in 2013 from 2012 to $600 million from $562.5 million. Its diluted earnings per share in the quarter were also down to 32 cents from 39 cents, but were up in the year to $1.09 from $1.

Landstar1Landstar: Landstar (No. 9) had a total revenue of $692 million in the fourth quarter, up from 2012’s $685 million. The company’s reported diluted earnings per share nearly doubled in the quarter to $1.30 from 73 cents. Landstar’s net income in the fourth quarter rose to $59.56 million from 2012’s 4Q of $33.98 million. For the full year, its revenue fell to $2.66 billion from $2.77 billion, but its net income jumped to $146 million from $129.78 million. For the year, its diluted earnings per share were $3.16, up from 2012’s $2.77.

WernerWerner: Werner (No. 10) reported total revenue int he fourth quarter to be $518 million, up from last year’s $510 million. It’s net income in the quarter was $22.2 million, down 15 percent from 2012’s fourth quarter net income of $26 million. The carrier’s total revenue for all of 2013 was flat at $2.03 billion, but net income dropped 16 percent year over year to $87 million from 2012’s $103 million.

Saia TL Nashville_0209Saia: Saia’ (No. 24) fourth quarter revenue grew 5.8 percent to $280 million, while its diluted earnings per share rose 10 cents to 32 cents in the quarter. Its fourth quarter operating income jumped 46 percent to $14.7 million. For the full year, its revenue rose 3 percent to $1.14 million from 2012’s $1.1 million, and its net income rose 36 percent to $43.6 million. Its operating income in the year grew 27 percent to $74.4 million. Its earnings per diluted share rose to $1.73 in 2013 from $1.29 the year prior.

Knight-TransportationKnight: Knight (No. 25) reported a 3.1 percent increase in revenue in the fourth quarter to $249.7 million and a 13.6 percent increase in net income, up to $20.1 million from $17.7 million. For the full year, the carrier reported a 3.5 percent increase in total revenue to $969.2 million from $936 million. Knight also had an 8 percent increase in net income — $69.3 million from $64.1 million — and a 7.6 percent increase in diluted earnings per share for the year, up to 86 cents from 80 cents. In the fourth quarter, its earnings per diluted share rose 12.8 percent to 25 cents.

RoadrunnerRoadrunner: Roadrunner (No. 31) saw in the quarter an increase in total revenue of 24 percent to $366.97 million from $295.07 million in 2012’s 4Q. Its net income avaialble to common stockholders rose 18 percent in the quarter to $11.2 million from $9.5 million, while its diluted income per share was flat at 29 cents. For the full year, Roadrunner’s total revenue grew 27 percent to $1.36 billion from $1.07 billion, and its net income available to common stockholders rose 30 percent to $49 million from $37.5 million in 2012.

CeladonCeladon: Celadon’s (No. 36) fiscal year beings Oct. 1, so its quarterly report was for the first quarter (2014) of its reporting cycle. The carrier’s revenue in the quarter rose more than 30 percent to $193.6 million from 2013’s first quarter revenue of $148.1 million. Its net income however fell more than 30 percent to $5.1 million from $7.4 million. In the six month period preceding Dec. 31, Celadon’s revenue increased 22 percent to $368.7 million from $301.4 million from the same six-month period a year prior. Its net income in that period, however, also fell 25 percent to $11.7 million from $15.6 million.

Heartland-ExpressHeartland Express: Heartland Express (No. 39) reported a 35 percent increase in operating revenue from the fourth quarter of 2012, rising to $183.3 million from $136.2 million. The company’s net income was also up 11 percent in the quarter to $15.8 million. For the year, Heartland’s operating revenue grew 6.7 percent to $582.3 million, while its 2013 net income grew nearly 15 percent to $70.6 million from $61.5 million.