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Truckload Fleets Keep Rolling Up Profits

Published Thursday, November 04, 2004

Refrigerated and dry van truckload carriers alike continued to post strong profits in the third quarter, even as the driver shortage and high fuel prices chipped away at their margins. Van Buren, AR-based USA Truck said net income increased 35.7% from $1.5 million on 15.6% higher revenues of $85.4 million in the third quarter compared to the same period last year, with net income increasing 98% to $4.4 million on 18.3% higher revenues of $250.7 million for the first nine months of 2004 compared to the same period in 2003. “Economic conditions in the form of tight industry ...

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