The growing backlog of new truck orders has supercharged pricing for newer used models at auctions, with retail traffic also high.
Truck repairs and parts sales covered all the cost of running Rush Enterprises’ dealership network in Q1 as year-over-year profits doubled.
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In today’s edition of The Daily Dash, a pension bailout bill that would affect Yellow and ABF Freight drivers could be near in Congress. Plus, XPO posts a record quarter and Uber Freight’s growth continues.
Rush Enterprises sold Class 8 trucks at a level reflecting the industry’s overall COVID-impacted decline in 2020. It expects better results in 2021 and beyond.
All stakeholders are experiencing used truck momentum despite and because of the lingering pandemic.
Rush Enterprises reported lower Q3 sales and earnings. But the truck dealership network exceeded analyst estimates in both top and bottom line.
Despite economic uncertainty surrounding the coronavirus pandemic, freight demand drove July Class 8 orders to their highest levels in six months.
Rush Enterprises barely felt the impact of the coronavirus pandemic in its new and used truck business in the first quarter, but it is bracing for a much harder hit to come.
Rush Enterprises, the largest seller of new and used trucks in the country, posted solid first quarter results but is concerned about coronavirus-related carnage to come.
Rush Enterprises Inc. (NASDAQ: RUSHA), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 billion for the fourth quarter of 2018. Net income for the fourth quarter was $23.8 million, or a profit of 64 cents per diluted share, […]
Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the company warned that a glut of used trucks is causing faster-than-normal depreciation and is hurting sales.
Rush Enterprises Inc. (NASDAQ: RUSHA) recently announced the appointment of Elaine Mendoza as a new independent member of its board of directors. Mendoza becomes the first woman to be on Rush Enterprises’ board since it became publicly traded in 1997. New Braunfels, Texas-based Rush Enterprises operates the largest network of commercial vehicle dealerships in North […]
W.M “Rusty” Rush III and his stepmother, Barbara Rush, continue to fight in a Texas court over the late W. Marvin Rush II’s estate. The death of 79-year-old W. Marvin Rush II (known as Marvin) – the founder of Rush Enterprises, one of the largest commercial truck dealership chains in North America – sparked a […]
The company’s net income in the first quarter was $37.1 million, or $0.98 cents per diluted share, up 76.6 percent compared to net income of $21 million, or $0.51 per diluted share, in the first quarter of 2018. This exceeded analysts’ expectations of $0.88 per share for the first quarter of 2019.
Rush Enterprises (NASDAQ:RUSHA) reported strong first quarter 2019 revenues of nearly $1.34 billion on April 24, up 8.7 percent from $1.24 billion compared with the previous year.
Rush Enterprises posted an increase in second-quarter revenue buoyed by strong used-truck sales and significant growth in its aftermarket business, which accounts for 64.8% of the company’s gross profits.
