10/23/2012 5:00:00 PM
Write a Letter to the Editor
Tweet
Print This
Celadon Group said late Tuesday its fiscal first-quarter net income jumped 50% on higher freight revenue and lower expenses.
Net income rose to $8.3 million, or 36 cents a share, from $5.5 million, or 24 cents, a year earlier. Revenue for the quarter ended Sept. 30 rose 6.5% to $153.3 million.
Freight revenue excluding fuel surcharges rose 6.4% to $122.1 million, the truckload carrier said.
Celadon cited 2.2% increase in revenue per loaded mile and a decrease in operations, maintenance and fuel expenses as contributors to the improvement.
Celadon Group is ranked No. 44 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
Follow Transport Topics on RSS Twitter Facebook
Tweet
Print This
© 2012, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
3Q Fleet Failures Rise Slightly; Analyst Sees Danger in Used Truck Prices (10/22/2012 3:30:00 AM)
ATA Salutes SmartWay Winners (10/9/2012 2:30:00 PM)
Celadon Buys Ohio Truckload Carrier (9/28/2012 10:40:00 AM)
Experts Say Aging, Staff Needs Driving Fleet Merger Frenzy (9/17/2012 3:30:00 AM)
Celadon to Buy Assets from Texas Carrier (8/8/2012 3:45:00 PM)
Celadon’s Profit Jumps for 4Q, Fiscal Year (7/30/2012 4:45:00 PM)