Overnite revenue soars

April 25, 2003
Overnite Holding Inc. reported operating income of $12.6 million on $341.2 million in revenue, a 20% gain compared with the $10.5 million operating income on $308.8 million in revenue in 2002. CEO Leo Suggs said the numbers were very impressive considering Overnite had to deal with a harsh winter, an uncertain economy and the highest quarterly diesel fuel prices on record. "Our ability to manage our
Overnite Holding Inc. reported operating income of $12.6 million on $341.2 million in revenue, a 20% gain compared with the $10.5 million operating income on $308.8 million in revenue in 2002.

CEO Leo Suggs said the numbers were very impressive considering Overnite had to deal with a harsh winter, an uncertain economy and the highest quarterly diesel fuel prices on record.

"Our ability to manage our business while maintaining the highest level of service is a true measure of the worth of every member of our work force," said Suggs.

Less-than-truckload tonnage was up 5.4% for the reporting period, primarily reflecting the closure of Consolidated Freightways in September and an improvement in the economy late in the quarter.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!