Boyd Bros. returns to profitability

May 7, 2003
Boyd Bros. Transportation Inc. said its first-quarter financial results include higher revenue and a return to profitability versus the same period in 2002, continuing the general pattern it has seen throughout the past year. Operating revenues increased 6% to $32,577,476 for the quarter, including $991,564 in fuel surcharges, from $30,620,318 in the same period last year, which included $27,349 in

Boyd Bros. Transportation Inc. said its first-quarter financial results include higher revenue and a return to profitability versus the same period in 2002, continuing the general pattern it has seen throughout the past year.

Operating revenues increased 6% to $32,577,476 for the quarter, including $991,564 in fuel surcharges, from $30,620,318 in the same period last year, which included $27,349 in fuel surcharges.

Boyd Bros.' pre-tax income for the first quarter of 2003 was $6,850, marking a reversal of the pre-tax loss of $450,470 reported in the same period last year, while net income for the first quarter of 2003 was $4,185, essentially break even on a per share basis, compared with a net loss of $288,097 in the year-earlier quarter.

Voice your opinion!

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

Sponsored Recommendations

Take Control of Your Finances: A Practical Guide for Carriers in Trucking

This guide is designed to help you navigate these challenges, featuring strategies for automation, examples of effective tools, and a real-world success story from Phoenix Cargo...

Report: The 2024-2025 State Of Heavy-Duty Repair

Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...

Guide For Managing Maintenance

The Guide for Managing Maintenance is a comprehensive resource designed to help fleet managers improve their maintenance operations, reduce downtime, and lower overall fleet costs...

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...