Celadon Group Inc. reported its financial and operating results for the three and six months ended December 31, 2004

, the second fiscal quarter of the company's fiscal year ending June 30, 2005.
For the quarter, operating revenue increased 10% to $106.9 million, compared with $97.1 million for the same quarter last year. Net income increased to $2.8 million from $1.5 million and diluted earnings per share increased 42% to $0.27 from $0.19 in the same quarter last year.
For the six months, operating revenue increased 10%, to $211.3 million, compared with $192.8 million for the same period last year. Net income for the six months increased to $5.5 million from a loss of $4.0 million.
Chairman and CEO Steve Russell noted that, “Average revenue per tractor per week, excluding fuel surcharge, our main measure of asset productivity, improved by 5.1%, to $2,826 from $2,689, as a result of higher rates per mile. Our average revenue per loaded mile, excluding fuel surcharge, increased by 8.2%, to $1.413 from $1.306, while average revenue per total mile, excluding fuel surcharge, improved 8.4%, to $1.313 from $1.211.