Trailer Bridge Reports Third-Quarter Loss


 UPDATED:
11/22/2011 1:00:00 PM
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Trailer Bridge Inc. reported a third-quarter loss of $1.9 million, or 16 cents per share, compared to net income of $6,900, or zero cents, a year ago.

Revenue rose 6.1% to $31 million, the company said in a statement Monday. Operating income dropped to $700,000, from $2.5 million a year ago.

Trailer Bridge, a provider of high cube container shipping from Florida to Puerto Rico and the Dominican Republic, filed for Chapter 11 bankruptcy protection last week and announced its stock will be delisted by Nasdaq on Nov. 28.

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