Smithway’s 2Q Profit Rises Compared With 2004
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"We have experienced dramatic improvement as we implemented major changes and as our industry conditions recovered from a very depressed situation,” Owens said in a statement.
latbed carrier Smithway Motor Xpress reported late Thursday that its second-quarter net income rose to $1.4 million or 27 cents a share, from $665,000 or 14 cents a year earlier.
The company's operating revenue rose about 10.3% to $48.3 million.
Smithway President Larry Owens said the company's earnings for the quarter were its best since 1999.
Smithway is ranked No. 96 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.
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