Tom Biery/Trans Pixs
Celadon Group said its fourth-quarter profit fell 20% from a year ago but rose for its fiscal year.
Net income for the quarter ended June 30 declined to $7.2 million, or 31 cents a share, from $9 million, or 39 cents, a year ago.
Revenue rose 3.2% to $162.6 million, Celadon said late Monday. Freight revenue excluding fuel surcharges rose 5.7% to $131.4 million.
For the year, net income rose 7.1% to $27.3 million, or $1.17 per share, from $25.5 million, or $1.12 per share, the previous year.
Revenue rose 2.4% to $613.6 million, and freight revenue excluding fuel surcharges increased 2.9% to $489 million.
Celadon’s average revenue per tractor per week rose $43, or 1.5%, to $2,941 in June from a year ago, while revenue per loaded mile increased to $1.59 from $1.55.