Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Overnite Posts 10% Revenue Growth

Overnite Holding Inc. reported second quarter operating income of $21 million on $372 million in revenue, a 15% gain compared to the $18.2 million of operating

by Staff
July 25, 2003
2 min to read


Overnite Holding Inc. reported second quarter operating income of $21 million on $372 million in revenue, a 15% gain compared to the $18.2 million of operating
income on $337.1 million of revenue reported for the same period in 2002.
Operating income was $33.6 million, up 17%, on revenue of $713.2 million, up 10%, for the comparable period in 2002, both representing the best six-month performance since 1994.
Operating ratio for the second quarter was 94.4 as compared to 94.6 for the same period last year. For the first six months of 2003, the operating ratio was 95.3, a three-tenths of a percentage point improvement over the comparable period last year.
"Despite an uncertain economy, Overnite, with the help of a dedicated work force, continues to perform well, growing revenue 10% in the second quarter with noted strength in value-added markets and improved linehaul productivity," said Overnite CEO Leo Suggs. He said the "positives have helped offset significant increases in pension and health-care costs, rising insurance premiums and stubbornly high fuel prices."
Since Jan. 1, 2003, Overnite has reduced transit times on more than 2,900 lanes and strengthened its West Coast coverage with the opening of its 208th service center located in Simi Valley, Calif.
Overnite Holding Inc. is the parent company of Overnite Corp., which owns both Overnite Transportation Co. and Motor Cargo Industries and is the trucking segment of the Union Pacific Corp.
Overnite Holding reported revenue in excess of $1.3 billion in 2002. The company serves more than 45,000 points in all 50 states, Canada, Mexico, the U.S. Virgin Islands, Puerto Rico and Guam.

More Drivers

Artist rendering of dealership with trucks and trailers parked outside
Equipmentby News/Media ReleaseJune 2, 2026

Prime Inc. to Open $7.9M Flagship Used-Truck Dealership

A new driver-focused facility to sell Prime Inc's used trucks and trailers will be the first purpose-built location in the company's history.

Read More →
Thumbnail for podcast episode
Safety & ComplianceMay 28, 2026

Short Takes: Inside K&B’s Truck Safety Tech

Listen to learn how K&B Transportation uses cellphone-blocking technology, speed management systems, weather geofencing, bridge avoidance tools, and more to improve driver safety.

Read More →
Nussbaum driver pay.
Driversby News/Media ReleaseMay 27, 2026

Nussbaum Expands Driver Compensation with Pay Raises, Profit Sharing

Nussbaum Transportation said its latest compensation package could push first-year driver earnings above $90,000 in key hiring markets.

Read More →
Ad Loading...
Lance Evans, Director of Safety at K&B Transportation.
Safety & ComplianceMay 13, 2026

Listen: Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation

Fleet safety is evolving fast—and technology is at the center of it. Learn how a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.

Read More →
Maverick Transportation Freightliner Cascadia.
Driversby News/Media ReleaseMay 12, 2026

Maverick Announces 2026 Driver Pay Raises

New raises for Maverick Transportation drivers will take effect on May 31, 2026.

Read More →
Alleged Ohio toll evasion truck.
Driversby News/Media ReleaseMay 5, 2026

Illinois Trucker Indicted for Nearly $22,000 in Ohio Turnpike Toll Evasion

Authorities say an Illinois trucker avoided paying tolls for two years, and now faces felony charges, possible prison time, and forfeiture of his Freightliner tractor.

Read More →
Ad Loading...
Illustration with trojan horse and lock with inside of cargo container in background
Fleet Managementby News/Media ReleaseApril 23, 2026

New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems

Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.

Read More →
Female truck driver.
Driversby News/Media ReleaseApril 21, 2026

WIM, Trucker Path Name Top 3 Women-Friendly Truck Stops

ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.

Read More →
Illustration of driver medical exam paperwork over duotone background of a blood pressure check

FMCSA Extends Paper Medical Card Exemption … Again

Five states still aren't ready to accept commercial driver medical exam information directly from the medical examiner's registry.

Read More →
Ad Loading...
Mack Pioneer tractor.
Driversby Jack RobertsApril 10, 2026

Mack Launches Digital Driver Guide for Chassis-Specific Truck Info

Mack’s new, virtual owner’s manual delivers VIN-based, on-demand guidance for vehicle systems via web, app, and soon in-cab displays.

Read More →