Fleets around the country are in the midst of reporting their fourth quarter and 2013 earnings. Here are a few notable fleets to report so far:
UPS: UPS (No. 1 in the CCJ Top 250) reported fourth quarter revenue of $14.98 billion, up 2.8 percent from 2012’s fourth quarter revenue of $14.57 billion. It also reported a net income of $1.17 billion, up from last year’s $1.75 billion loss in the quarter. Its diluted earnings per share rose to $1.25 in the quarter from last year’s 4Q $1.83 loss per share. The largest carrier in the country said it carried 4.3 billion shipments in the fourth quarter — up 3.9 percent from the prior year’s fourth quarter.
Con-way: Con-way (No. 4 in the CCJ Top 250) reported a net income of $11.7 million in the quarter with an earnings of 20 cents per diluted share. Each of these was down slightly from 2012’s fourth quarter, when the company reported $11.8 million in net income and 21 cents per share in earnings. Con-way’s revenue in the quarter was $1.36 billion — flat from 2012’s 4Q. For the full year, Con-way reported $99.2 million in net income, down some from 2012’s $104.5 million. Revenue was also down slightly to $5.47 billion from 2012’s $5.58 billion.
Swift: Swift (No. 5 in the CCJ Top 250) saw its operating revenue climb to $1.08 billion in the quarter from $1.05 billion in 2012’s 4Q, while its full year operating revenue rose to $4.12 billion from 2012’s $3.98 billion. The company’s EBITDA shrank some in the fourth quarter year over year — to $163.1 million from $169.3 million — but grew in 2013 from 2012 to $600 million from $562.5 million. Its diluted earnings per share in the quarter were also down to 32 cents from 39 cents, but were up in the year to $1.09 from $1.
Landstar: Landstar (No. 9) had a total revenue of $692 million in the fourth quarter, up from 2012’s $685 million. The company’s reported diluted earnings per share nearly doubled in the quarter to $1.30 from 73 cents. Landstar’s net income in the fourth quarter rose to $59.56 million from 2012’s 4Q of $33.98 million. For the full year, its revenue fell to $2.66 billion from $2.77 billion, but its net income jumped to $146 million from $129.78 million. For the year, its diluted earnings per share were $3.16, up from 2012’s $2.77.
Werner: Werner (No. 10) reported total revenue int he fourth quarter to be $518 million, up from last year’s $510 million. It’s net income in the quarter was $22.2 million, down 15 percent from 2012’s fourth quarter net income of $26 million. The carrier’s total revenue for all of 2013 was flat at $2.03 billion, but net income dropped 16 percent year over year to $87 million from 2012’s $103 million.
Saia: Saia’ (No. 24) fourth quarter revenue grew 5.8 percent to $280 million, while its diluted earnings per share rose 10 cents to 32 cents in the quarter. Its fourth quarter operating income jumped 46 percent to $14.7 million. For the full year, its revenue rose 3 percent to $1.14 million from 2012’s $1.1 million, and its net income rose 36 percent to $43.6 million. Its operating income in the year grew 27 percent to $74.4 million. Its earnings per diluted share rose to $1.73 in 2013 from $1.29 the year prior.
