SCS Reports 2004 Revenues, Earnings Up
SCS Transportation, Inc., Kansas City, Mo., has reported full-year 2004 revenue of $982.3 million, up 19 percent from $827.4 million in 2003
SCS Transportation, Inc., Kansas City, Mo., has reported full-year 2004 revenue of $982.3 million, up 19 percent from $827.4 million in 2003.
Net income increased 29 percent to $19.3 million for 2004, compared with $14.9 million in 2003. Earnings per share for 2004 were $1.26, up 27 percent from $0.99 per share the previous year. SCS owns LTL carrier Saia and LTL, truckload hybrid Jevic Transportation. Saia is based in Duluth, Ga. Jevic is headquartered in Delanco, N.J.
Fourth-quarter revenue was $251.9 million, up 21 percent from $207.5 million a year earlier. Net income of $4.6 million and earnings per share of $0.30 were both unchanged from the fourth quarter of 2003.
Saia revenue was $165.6 million in the fourth quarter, up 28 percent from a year earlier. Operating income for Saia was $10.1 million, up 36 percent from the prior-year quarter. Saia's fourth-quarter operating ratio was 93.9 percent, an improvement from 94.3 percent a year earlier.
Jevic fourth-quarter revenue was $86.3 million, up 11 percent from the prior-year quarter. Operating income for Jevic was $0.6 million.
Operating subsidiaries are Saia, a multi-region LTL carrier based in Duluth, Ga., and Jevic, a hybrid LTL and truckload carrier based in Delanco, N.J. Headquartered in Kansas City, Mo., SCST has approximately 8,300 employees nationwide.
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