Velocity Express Reports Fiscal 4Q Loss

Velocity Express said Tuesday it lost $4.3 million or 20 cents a share in its fiscal fourth quarter ended June 30, compared with a loss of $5.8 million or 44 cents a year earlier.

The package-delivery and supply chain management company’s revenue was $98.6 million, compared with pro forma revenue of $112 million a year earlier.

For its fiscal year, Velocity said it lost $39.5 million or $2.53 per share, compared with $16 million or $1.49 the previous year.

Velocity Express ranks No. 74 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.