Robert M. Powell, president and CEO, said, "We are extremely pleased with our revenue growth. However, our diesel cost per gallon for the quarter increased 50.3%. The after-tax effect of this increase amounted to 27 cents per common share. We have secured rate increases from a number of our customers but many of these changes occurred too late in the quarter to positively impact operating revenues. Although general economic conditions continued to be strong, driver turnover remains at record levels, forcing recruiting and training costs upward. During the quarter, recruiting and training costs were up 109.4%. Tractor utilization (miles per tractor per week) for the quarter slipped 8.9% to 2,144 miles per week."
Belmor's annual contest honoring America’s veterans offers a trip to the 2019 Mid-America Trucking Show to a winning truck driver and a guest for sharing their story about their military service and consequent career in the heavy-duty trucking industry.