Smithway Revenue Up, Earnings Down
February 11, 2000
Smithway Motor Xpress Corp., Fort Dodge, IA, reported higher revenue and lower income for for the fourth quarter and year ended Dec. 31, 1999.
For the fourth quarter, operating revenue increased 8.4 percent to $48.5 million, while net earnings were $290,000, compared with $1.6 million during the 1998 quarter.
For the year, operating revenue increased 22 percent to $196.9 million from $161.4 million in 1998. Net earnings for the year dropped to $3.9 million, compared with $5.3 million during 1998.