Revenues, profits at large truckload carriers remain strong in the first quarter

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Updated May 14, 2018

Revenues and profits of large publicly traded trucking companies started the year off with strong upward momentum in the first quarter of the year, as the freight market held strong and rates remained elevated. 

Continuing the trend seen in the last half of 2017, nearly all carriers who publicly release earnings statements reported boosts in both top line and bottom line numbers compared to the same period in 2017:

Covenant Transportation

Covenant Transport Semi-Truck

Revenue
1Q 2018: $173.6 million
1Q 2017: $158.7 million

Income
1Q 2018: $4.4 million
1Q 2017: $39,000

Diluted earnings per share
1Q 2018: 24 cents
1Q 2017: 0 cents

Heartland Express

Heartland Express Semi-Truck

Revenue
1Q 2018: $156.7 million
1Q 2017: $129.9 million

Income
1Q 2018: $13.4 million
1Q 2017: $14 million

Diluted earnings per share
1Q 2018: 16 cents
1Q 2017: 17 cents


J.B. Hunt

 

J.B. Hunt 18-Wheeler

Revenue
1Q 2018: $1.94 billion
1Q 2017: $1.63 billion

Income
1Q 2018: $118.1 million
1Q 2017: $102.7 million

Diluted earnings per share
1Q 2018: $1.07
1Q 2017: 92 cents

Knight-Swift Transportation

Knight Refrigerated Truck

Notes on Knight-Swift: The companies merged last year in September, meaning there’s no prior first quarter to measure them against. These figures also do not include any revenue or income related to the company’s acquisition of Abilene Motor Express in March.

Revenue
1Q 2018: $1.271 billion

Income
1Q 2018: $70 million

Diluted earnings per share
1Q 2018: 39 cents

Landstar Systems

Landstar Semi-Truck

Revenue
1Q 2018: $1.05 billion
1Q 2017: $780.9 million

Income
1Q 2018: $57.5 million
1Q 2017: $32.4 million

Diluted earnings per share
1Q 2018: $1.37
1Q 2017: 77 cents

Marten Transportation

Marten Transportation Truck

Revenue
1Q 2018: $187 million
1Q 2017: $173.2 million

Income
1Q 2018: $10.3 million
1Q 2017: $8.2 million

Diluted earnings per share 
1Q 2018: 19 cents
1Q 2017: 15 cents

P.A.M. Transportation

P.A.M. Transportation 18-Wheeler
Revenue
1Q 2018: $119.5 million
1Q 2017: $109.4 million

Income
1Q 2018: $1.4 million
1Q 2017: $2.3 million

Diluted earnings per share 
1Q 2018: 22 cents
1Q 2017: 36 cents

Schneider

Schneider National Truck and Trailer

Revenue
1Q 2018: $1.14 billion
1Q 2017: $1 billion

Income
1Q 2018: $47.6 million
1Q 2017: $22.6 million

Diluted earnings per share
1Q 2018: 27 cents
1Q 2017: 15 cents

USA Truck

USA Semi-Truck

Revenue
1Q 2018: $125 million
1Q 2017: $101.7 million

Income
1Q 2018: $1 million
1Q 2017: ($4.9 million)

Diluted earnings per share 
1Q 2018: 13 cents
1Q 2017: (61 cents)

Werner

Werner Truck and Trailer

Revenue
1Q 2018:  $562.7 million
1Q 2017: $501.2 million

Income
1Q 2018: $27.8 million
1Q 2017: $16 million

Diluted earnings per share
1Q 2018: 38 cent
1Q 2017: 22 cents