While many trucking companies are struggling, one California LTL reported record operating ratio for the first quarter.
Condor Freight Lines, Los Angeles, reported that operating profit for the three months ended March 31, 2001, was 5.5% of revenue.
Operating profits grew dramatically compared with the same period a year earlier and compared with the prior quarter.
Non-operating and discontinued operations charges represented 5.4% of revenue. The discontinued operations charges resulted from the closure of certain unprofitable facilities and operations.
On time deliveries reached a company high of 98.2% for the quarter. Despite a slowing economy and California's energy crisis, the company expects moderate revenue growth.
Condor also expanded its reach by adding Priority Freight Lines as its Pacific Northwest shipping partner. Priority is based in Seattle with terminals located throughout Washington and Oregon. Priority also joined the Condor-DATS network which provides less-than-truckload shipping services to the western states. The triad of Condor Freight Lines, DATS Trucking, and Priority Freight Lines now offers complete western states coverage.
Condor Freight Lines, Los Angeles, reported that operating profit for the three months ended March 31, 2001, was 5.5% of revenue.
Operating profits grew dramatically compared with the same period a year earlier and compared with the prior quarter.
Non-operating and discontinued operations charges represented 5.4% of revenue. The discontinued operations charges resulted from the closure of certain unprofitable facilities and operations.
On time deliveries reached a company high of 98.2% for the quarter. Despite a slowing economy and California's energy crisis, the company expects moderate revenue growth.
Condor also expanded its reach by adding Priority Freight Lines as its Pacific Northwest shipping partner. Priority is based in Seattle with terminals located throughout Washington and Oregon. Priority also joined the Condor-DATS network which provides less-than-truckload shipping services to the western states. The triad of Condor Freight Lines, DATS Trucking, and Priority Freight Lines now offers complete western states coverage.
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