With trucking economic indicators pointing toward record-tight capacity and record-high rates, carriers were able to capitalize in the first half of 2018, according to earnings reports from the country’s largest publicly traded carriers.
Of the nine carriers highlighted below, all saw their revenue and profits climb significantly from the same time period — Jan. 1 to June 30 — in 2017. Publicly traded companies Schneider National and U.S. Xpress have not yet released their earnings reports for the second quarter. I’ll follow up with their numbers when they’re released this week.
Here’s a look at carriers’ top line numbers, denoted by revenue (which includes fuel surcharge), and their bottom-line profits, listed as income. These numbers are for the first six months of 2018, compared to the months in 2017. The same publicly traded carriers have mostly seen strong revenue and income growth since the third quarter of last year.
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Revenue
2018: $369.9 million
2017: $323.1 million
Income
2018: $14.4 million
2017: $1.5 million
