Dynamex Lowers FY 2009 Guidance

Dynamex has lowered its earnings guidance for the 2009 fiscal year, saying that a downturn in shipping volumes will bring sales down.

The transportation and logistics firm said Tuesday that net income for fiscal 2009, which ends July 31, will range from 80 cents to $1 per share, down from the $1 to $1.20 per share previously projected.

Sales will be in the $390 million to $405 million range, down from the $405 to $420 announced before.

Volumes “softened dramatically in March 2009 and are trending only slightly higher in April 2009,” James Welch, president of the company, said in a statement. The company does not expect volumes to improve for the remainder of the fiscal year.

Dynamex, which provides same-day delivery services, is ranked No. 60 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.