Central Freight Reports Third Quarter Results; Elects Cam Carruth to Board
Central Freight Lines Inc., Waco, Texas, announced its financial results for the quarter and nine months ended October 2, 2004
Central Freight Lines Inc., Waco, Texas, announced its financial results for the quarter and nine months ended October 2, 2004.
Central also announced today the election of J. Campbell ("Cam") Carruth, former chief executive officer of US Freightways Corp. to the Central Board of Directors.
For the third quarter, Central's operating revenue was $98.5 million compared to operating revenue of $101.2 million for the third quarter of 2003. Excluding fuel surcharge revenue, LTL revenue per hundredweight was down 1.6% in the 2004 quarter compared to the 2003 quarter.
Consistent with previous guidance, a net loss of $7.9 million, or $0.43 per diluted share, was realized in the third quarter of 2004. For the nine months ended October, 2004, operating revenue amounted to $301.1 million, a 0.3% increase over the $300.2 million reported for the same period in 2003. A net loss of $11.6 million, or $0.65 per diluted share, was reported for the nine months ended October 2, 2004, compared to pro forma net income of $6.2 million, or $0.52 per diluted share, for the same period in 2003.
More Drivers
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →
Truck Drivers Need More Than Another Alert
Fleets have more visibility into truck health, safety events, and driver activity than ever. The next challenge is turning all that information into useful guidance for the person who has to decide what to do next.
Read More →
FMCSA Removes 110 Truck Driver Training Schools from Certified ELDT List
Federal regulators also are targeting more than 160 additional training providers and launching a nationwide audit of third-party CDL skills testers as part of a broader crackdown on trucking fraud.
Read More →
Hours of Service Pilot Programs: FMCSA Readies for 2027 Rollout
Two pilot programs could eventually reshape hours-of-service rules, giving truck drivers options to pause their 14-hour clock or use longer split sleeper rest periods.
Read More →