Quality Distribution's Earnings, Revenue Rise
ank truck carrier Quality Distribution Inc. reported first-quarter net earnings of $2.9 million or 15 cents per share, on record revenue of $161.1 million.
hat compared with a $1 million or 5 cents per share on revenue of $151.2 million. The company said in a statement the higher revenue was mainly due to strong demand from existing customers and rate increases.
owever, it said profits were hurt by more than $3 million because of fees related to taxes, legal costs and interest expenses.
uality Distribution is ranked No. 31 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.
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