Boyd Bros. Transportation Inc., Clayton, Ala., said its operating revenues for the third quarter ended Sept. 30, 2003, rose 2% to $34,123,212 from $33,518,768 in the comparable period last year.
The company posted a net loss for the third quarter of $421,516 versus net income of $495,074 in the same period last year.
For the first nine months of 2003, operating revenues rose 4% to $101,068,819 from $97,144,652 in the same period last year. Net income for the first nine months of 2003 was $228,241 versus $814,493 in the first nine months of 2002.
The company's WTI division, which is primarily structured using owner-operators, accounted for all of Boyd Bros.' revenue growth in the third quarter as the Boyd division, in which about three-fourths of the equipment is company-owned, experienced a slight decline in operating revenues for the quarter.
Commenting on the announcement, Gail B. Cooper, president and chief executive officer, said, "During the third quarter, we witnessed several encouraging trends that reinforce our view that the economy -- and our markets -- continue to strengthen. Revenues from our WTI division advanced 22% for the quarter versus the same period last year while logistics revenues increased 15%."
Boyd Bros. is one of the largest flatbed trucking companies in the United States. The company provides transportation services to high-volume, time-sensitive customers, primarily in the steel and building materials industries, and operates throughout most of the continental United States.
For more information, visit www.boydbros.com.
The company posted a net loss for the third quarter of $421,516 versus net income of $495,074 in the same period last year.
For the first nine months of 2003, operating revenues rose 4% to $101,068,819 from $97,144,652 in the same period last year. Net income for the first nine months of 2003 was $228,241 versus $814,493 in the first nine months of 2002.
The company's WTI division, which is primarily structured using owner-operators, accounted for all of Boyd Bros.' revenue growth in the third quarter as the Boyd division, in which about three-fourths of the equipment is company-owned, experienced a slight decline in operating revenues for the quarter.
Commenting on the announcement, Gail B. Cooper, president and chief executive officer, said, "During the third quarter, we witnessed several encouraging trends that reinforce our view that the economy -- and our markets -- continue to strengthen. Revenues from our WTI division advanced 22% for the quarter versus the same period last year while logistics revenues increased 15%."
Boyd Bros. is one of the largest flatbed trucking companies in the United States. The company provides transportation services to high-volume, time-sensitive customers, primarily in the steel and building materials industries, and operates throughout most of the continental United States.
For more information, visit www.boydbros.com.
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