Better financial numbers have been reported by four trucking operations for the second quarter of the year.


Allied Holdings, parent company of several companies providing transportation to the automotive industry, had its first profitable quarter since the second quarter of 2000.
The Georgia-based company reported net income for the second quarter of $2.1 million, compared to a net loss of $5.7 million in the second quarter of 2001, an increase of $7.8 million.
Revenues for the second quarter of 2002 were $239 million compared to revenues of $250.2 million in the second quarter last year, a decline of 4.5%.

Old Dominion Freight Line, Thomasville, N.C., reported second quarter revenue rose 8.6% to $139.67 million from $128.61 million for the second quarter of 2001. Net income was $4.36 million, up 40.8% from $3.1 million. Operating ratio improved to 93.8% from 95.3%.

Swift Transportation, Phoenix, Ariz., reported revenues for the second quarter of 2002 fell 1.3% to $528.6 million, compared with $535.6 million for the corresponding quarter of 2001. The second quarter of 2002 includes $8.1 million of fuel surcharge revenue versus $16.1 million in 2001. Excluding this fuel surcharge revenue, revenues increased $1 million. Net earnings were $17.7 million, compared to $11.1 million for the second quarter of 2001.

C.H. Robinson, the mainly third-party logistics provider based in Minneapolis, reported second-quarter gross profits increased 3% to $121.6 million from $118 million in 2001. Income from operations increased 12.1% to $41 million from $36.6 million in 2001. Net income increased 11.3% to $25.2 million from $22.6 million in 2001. The company also noted for the second quarter, information services gross profits increased 25.5%. T-Chek related profits, which as of July 1, 2001, comprise 100% of information services, increased 27.6% during the quarter.

UPS, Atlanta, reported the company sustained a healthy operating margin of 13.4% during the second quarter of the year.
During that time revenue totaled $7.68 billion, up 2.5% over the prior year. Consolidated operating profit fell 1.2% to $1.03 billion. Net income dropped to $611 million compared to the prior year's $630 million.
Within the U.S. domestic segment, revenue totaled $5.91 billion, down 1.2% compared to the prior year. Operating profit declined 6.9% to $899 million compared to 2001. Total U.S. domestic package volume declined 2.6% for the quarter, with volume down 4% in June due to slow economic conditions and package diversion to competitors prior to the successful conclusion of the Teamster talks on July 15.
In the international segment, operating profit more than doubled to $62 million from $24 million on a 9% increase in revenue to $1.14 billion. In the non-package segment, revenue increased 37% to $630 million, driven primarily by acquisitions.