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Express-1 Reports Improved 4Q Profit

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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.

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