April 8, 2005 10:20 AM, EDT

Overnite Boosts First-Quarter Earnings Guidance

Click here to write a Letter to the Editor.

ess-than-truckload carrier Overnite Corp. upgraded its first-quarter earnings outlook Friday to the high end of its previously issued guidance.

The company said in a statement that its earnings will be at or above the high end of its previously forecasted 32 to 38 cents a share.

"We continued to see improvement in our customer mix and a stable pricing environment during the first quarter,” said Chairman and Chief Executive Officer Leo Suggs.

“Our daily tonnage growth was consistent with our expectations of 2% to 3% for the first quarter,” he said in a statement.

ast year’s first-quarter earnings were 27 cents a share, up from 20 cents 2003.

The company said it will release its first-quarter results after the market closes on April 28.

Overnite Corp. is ranked No. 17 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.