John P. Wiehoff – Chairman and CEO Truckload volume growth has slowed from the second quarter “Truckload volume growth has slowed from the second quarter. The holiday timing makes precise comparisons difficult this early in the month but truckload volume … Continued
Navistar International’s (NAV) CEO Troy Clarke Q3 2016 Results Partnership with Volkswagen “And the most recent news is that on Tuesday we announced a wide-ranging partnership with Volkswagen Truck & Bus. This includes a strategic technology alliance, a procurement joint … Continued
C.H. Robinson Worldwide (CHRW) John P. Wiehoff on Q3 2015 Results A little bit softer demand “one of the things that we wanted to highlight, though is that the trucking industry continues to be a cyclical industry…a lot of our … Continued
Cummins’ (CMI) CEO Tom Linebarger on Q3 2015 Results Worse than expected slowdown in Brazil and China “Revenues and earnings in the third quarter declined from a year ago as a result of very weak demand in global off-highway and … Continued
Strong deliveries due to economic growth and strong freight demand in NA and Europe “PACCAR delivered 41,600 trucks during the second quarter, an 8% increase versus the first quarter this year and slightly ahead of our expectations. The improvement reflects … Continued
International revenues declined due to stronger dollar and weakness in Brazil “Cummins International revenues declined by 6% year-over-year mainly due to the negative impact of appreciating U.S. dollar and weakness in all end markets in Brazil” Heavy and medium duty … Continued
Good demand for trucks “U.S. economic outlook remains optimistic so is the outlook for the transportation industry. Improving freight rates, lower engine costs, favorable business conditions, aging fleets and better new truck fuel economy and safety all translate into good … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Construction demand in China … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. “YRC Freight’s tonnage was down 0.5%, and regional tonnage per day was … Continued