U.S. Xpress Enterprises Inc. announced operating revenue and earnings for the third quarter ended Sept. 30, 2004.
Operating revenue, excluding the effect of fuel surcharges, increased 17.9% to $272.0 million, compared with $230.8 million for the third quarter of 2003. Total operating revenue increased 21.0% to $288.4 million, compared with $238.3 million for the third quarter of 2003.
For the nine months ended Sept. 30, 2004, operating revenue, excluding the effect of fuel surcharges, increased 13.5% to $754.8 million from $664.8 million in the prior-year period. Total operating revenue increased 14.8% to $793.3 million from $690.9 million in the prior-year period.
Net income for the third quarter increased 104.4% to $5.4 million, or $0.38 per diluted share, from net income of $2.7 million, or $0.19 per diluted share, in the third quarter of 2003. For the first nine months of 2004, net income increased 109.6% to $10.5 million, or $0.73 per diluted share, from net income of $5.0 million, or $0.35 per diluted share, for the prior-year period.
Operating revenue, excluding the effect of fuel surcharges, increased 17.9% to $272.0 million, compared with $230.8 million for the third quarter of 2003. Total operating revenue increased 21.0% to $288.4 million, compared with $238.3 million for the third quarter of 2003.
For the nine months ended Sept. 30, 2004, operating revenue, excluding the effect of fuel surcharges, increased 13.5% to $754.8 million from $664.8 million in the prior-year period. Total operating revenue increased 14.8% to $793.3 million from $690.9 million in the prior-year period.
Net income for the third quarter increased 104.4% to $5.4 million, or $0.38 per diluted share, from net income of $2.7 million, or $0.19 per diluted share, in the third quarter of 2003. For the first nine months of 2004, net income increased 109.6% to $10.5 million, or $0.73 per diluted share, from net income of $5.0 million, or $0.35 per diluted share, for the prior-year period.
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