Publicly traded carriers continue to rake in revenues, profits

With 2018 being described as one of the strongest years in history for trucking companies, earnings reports from large publicly traded carriers continue to show zooming revenue and profits.

Those gains continued in the third quarter, with nearly all of the publicly traded trucking companies highlighted below seeing big gains year to date through September when compared to the same nine-month stretch in 2017, as well as big gains comparing 2018’s third quarter to 2017’s.

Below are the numbers on revenue, net income and earnings per share for each of the publicly traded carriers both year to date (YTD) and for the third quarter (3Q).

Covenant Transportation

Covenant Transport Semi-Truck

Revenue

2018 YTD: $613 million
2017 YTD: $501 million

2018 3Q: $243.3 million
2017 3Q: $178.6 million

Income

2018 YTD: $26 million
2017 YTD: $6.1 million

2018 3Q: $11.6 million
2017 3Q: $4.6 million

Diluted earnings per share

2018 YTD: $1.41
2017 YTD: 63 cents

2018 3Q: 34 cents
2017 3Q: 25 cents

Heartland Express

Heartland Express Tractor Trailer

Revenue

2018 YTD: $463.8 million
2017 YTD: $441.6 million

2018 3Q: $151.3 million
2017 3Q: $182.1 million

Income

2018 YTD: $50.2 million
2017 YTD: $36.6 million

2018 3Q: $19.1 million
2017 3Q: $7.9 million

Diluted earnings per share

2018 YTD: 61 cents
2017 YTD: 44 cents

2018 3Q: 23 cents
2017 3Q: 9 cents

J.B. Hunt

J.B. Hunt 18-Wheeler

Revenue

2018 YTD: $6.3 billion
2017 YTD: $5.2 billion

2018 3Q: $2.21 billion
2017 3Q: $1.84 billion

Income

2018 YTD: $401 million
2017 YTD: $301 million

2018 3Q: $131.1 million
2017 3Q: $100.4 million

Diluted earnings per share

2018 YTD: $3.63
2017 YTD: $2.71

2018 3Q: $1.19
2017 3Q: 91 cents

Knight-Swift Transportation

Swift Transportation Semi-Truck

Revenue

2018 YTD: $3.95 billion
2017 YTD: $1.06 billion

2018 3Q: $1.35 billion
2017 3Q: $521.6 million

Income

2018 YTD: $267.6 million
2017 YTD: $36.7 million

2018 3Q: $105.9 million
2017 3Q: $3.8 million

Diluted earnings per share

2018 YTD: $1.50
2017 YTD: 41 cents

2018 3Q: 60 cents
2017 3Q: 4 cents

Landstar Systems

Landstar Systems Truck

Revenue

2018 YTD: $3.43 billion
2017 YTD: $2.59 billion

2018 3Q: $1.2 billion
2017 3Q: $943.4 million

Income

2018 YTD: $187 million
2017 YTD: $112 million

2018 3Q: $67 million
2017 3Q: $42.4 million

Diluted earnings per share

2018 YTD: $4.50
2017 YTD: $2.67

2018 3Q: $1.63
2017 3Q: $1.01

Marten Transport

Marten Transport Tractor Trailer

Revenue

2018 YTD: $583.6 million
2017 YTD: $515.3 million

2018 3Q: $199.6 million
2017 3Q: $170.7 million

Income

2018 YTD: $39.3 million
2017 YTD: $25.2 million

2018 3Q: $15.3 million
2017 3Q: $7.9 million

Diluted earnings per share

2018 YTD: 71 cents
2017 YTD: 46 cents

2018 3Q: 28 cents
2017 3Q: 14 cents

P.A.M. Transport

P.A.M. Transport Semi-Truck

Revenue

2018 YTD: $395.1 million
2017 YTD: $326.9 million

2018 3Q: $140.3 million
2017 3Q: $108.9 million

Income

2018 YTD: $17.9 million
2017 YTD: $7.3 million

2018 3Q: $9.2 million
2017 3Q: $3.4 million

Diluted earnings per share

2018 YTD: $2.89
2017 YTD: $1.14

2018 3Q: $1.52
2017 3Q: 54 cents

Schneider National

Schneider National 18-Wheeler

Revenue

2018 YTD: $3.66 billion
2017 YTD: $3.19 billion

2018 3Q: $1.28 billion
2017 3Q: $1.11 billion

Income

2018 YTD: $184.1 million
2017 YTD: $106 million

2018 3Q: $70.7 million
2017 3Q: $36.9 million

Diluted earnings per share

2018 YTD: $1.04
2017 YTD: 63 cents

2018 3Q: 40 cents
2017 3Q: 21 cents

USA Truck

USA Truck Tractor Trailer

Revenue

2018 YTD: $393 million
2017 YTD: $323.7 billion

2018 3Q: $132.6 million
2017 3Q: $114.2 million

Income

2018 YTD: $12.5 million
2017 YTD: (7.6 million)*

2018 3Q: $5.8 million
2017 3Q: $1.8 million

Diluted earnings per share

2018 YTD: 84 cents
2017 YTD: (91 cents)*

2018 3Q: 40 cents
2017 3Q: 5 cents

*loss

U.S. Xpress

U.S. Xpress 18-Wheeler

Revenue

2018 YTD: $1.33 billion
2017 YTD: $1.12 billion

2018 3Q: $460.2 million
2017 3Q: $390.1 million

Income

2018 YTD: $17.9 million
2017 YTD: ($13.6 million)*

2018 3Q: $16.1 million
2017 3Q: ($675,000)*

Diluted earnings per share

2018 YTD: 76 cents
2017 YTD: ($2.12)*

2018 3Q: 33 cents
2017 3Q: (11 cents)*

*loss

Werner Enterprises

Werner Enterprises Truck

Revenue

2018 YTD: $1.81 billion
2017 YTD: $1.55 billion

2018 3Q: $629.7 million
2017 3Q: $528.6 million

Income

2018 YTD: $113.6 million
2017 YTD: $61.8 million

2018 3Q: $47.5 million
2017 3Q: $22.5 million

Diluted earnings per share

2018 YTD: $1.57
2017 YTD:  85 cents

2018 3Q: 66 cents

2017 3Q: 31 cents