Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
5/8/2012 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Quality Posts Higher 1Q Profit


TT File Photo

Tank truck carrier Quality Distribution’s first-quarter profit jumped on stronger energy logistics and intermodal business.

Net income rose to $6.7 million, or 26 cents a share, from $2.7 million, or 12 cents, a year ago, the carrier said late Monday.

Revenue rose 7.9% to $191.9 million. Operating income rose 13.5% to $13.8 million.

In April, Quality bought Trojan Vacuum Services, a transportation provider for the oil and gas industry in the Eagle Ford shale region of Texas, for $8.7 million.

Quality Distribution is ranked No. 33 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement