Express-1 Reports Higher 2Q Profit

Express-1 Expedited Solutions’ second-quarter profit rose to $1.5 million, or 5 cents per share, from $288,000, or 1 cent, a year ago.

Revenue jumped 81% to $40.3 million, the company said late Wednesday.

Revenue more than doubled at its Express-1 and Bounce Logistics units, while rising 58.3% at its Concert Group Logistics unit,

The company last month named Dan Para chief executive officer of Concert Group Logistics. (Click here for previous story.)

Express-1 Expedited Solutions is a non-asset based transportation company that operates through its Express-1, Concert Group Logistics, Express-1 Dedicated and Bounce Logistics units.