SCS Transportation Inc. has reported full-year 2005 revenue of $1.1 billion, an increase of 12 percent from 2004.

Consolidated 2005 operating income improved significantly to $54.6 million, including a pretax real estate gain of $7.0 million, compared with 2004 operating income of $40.8 million. Net income was $27.5 million, including $4.4 million after tax from the real estate gain, up from $19.3 million in 2004. Earnings per share were $1.82, including the real estate gain of $0.29, up from $1.26 in 2004.
"For the third consecutive year, SCS Transportation delivered significantly improved earnings," said Bert Trucksess, chairman, president and chief executive officer. "Revenue surpassed $1 billion in 2005 and we achieved record results in earnings per share, even excluding a large real estate gain. We further strengthened our financial position, providing flexibility to take advantage of future opportunities. As we enter 2006, we are also encouraged by the strength of our consolidated fourth-quarter trends."
Fourth-quarter revenue grew 14 percent to $288.3 million, from $251.9 million in the fourth quarter of 2004. Consolidated fourth-quarter operating income was $19.3 million, including the real estate gain, up from $9.1 million in the prior-year quarter. Net income was $10.7 million, up from $4.6 million in the fourth quarter of 2004. Earnings per share were $0.73, including the real estate gain, compared with earnings per share of $0.30 a year earlier.