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:
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Covenant Transportation
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
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Heartland Express
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
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J.B. Hunt
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
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Knight-Swift Transportation
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
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Landstar Systems
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
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Marten Transportation
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
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P.A.M. Transportation
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
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Schneider
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
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USA 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)
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Werner
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
