OTR Express Projects Losses For Second Quarter
July 1, 2000
OTR Express is blaming higher fuel costs and lower demand for freight services for projected second quarter losses.
According to the Kansas City Star, the Olathe, Kan.-based trucking company confirmed a second-quarter forecast that was originally made in April, but expects to see higher revenue for the end of the second quarter as compared with the 1999’s second quarter.
The company has eliminated multiple truck owners from its owner-operator fleet, a cutback that affected about 40 owner-operators. It also reportedly is trying to sell its 250 48-foot trailers at a loss and replace them with 53-foot trailers to increase its efficiency.