Updated:
2/11/2011 11:00:00 AM
Express-1 Expedited Solutions’ second-quarter profit rose to $820,000, or 2 cents per share, from $601,000, or 2 cents, a year earlier.
Revenue grew 31% to $41.6 million, the company said late Thursday.
Revenue grew 91.8% at its Bounce Logistics unit, while rising 51.3% at its Express-1 unit and 58.5% at the Concert Group Logistics unit.
For the full 2010 year, income jumped to $4.9 million, or 15 cents a share, from $1.7 million, or 5 cents, the year before.
Revenue for the year gained 57.8% to $158 million.
Express-1 Expedited Solutions is a non-asset based transportation company that operates through its Express-1, Concert Group Logistics, Express-1 Dedicated and Bounce Logistics units.
© 2010, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
Diesel Jumps 7.5¢ to $3.513 Pushed By Cold Wave, Egypt (2/14/2011 3:30:00 AM)
Roadrunner Purchases Morgan Southern in Effort to Broaden Its Service Offerings (2/14/2011 1:45:00 AM)
Express-1 Reports Improved 4Q Profit (2/11/2011 11:00:00 AM)
Pacer Reports 4Q Loss, Full-Year Profit; Sees Intermodal Growth in 2011 (2/10/2011 8:10:00 AM)
DHL to Expand Cincinnati Airport Hub (2/9/2011 10:15:00 AM)
United Vision Names Hoffman CEO (2/8/2011 8:35:00 AM)
OTHER NEWS BRIEFS
