Express-1 Reports Higher 1Q Income

Express-1 Expedited Solutions said its first-quarter profit climbed 34% to $1.1 million, or 3 cents per share, from $834,000, or 3 cents, a year ago.

Revenue rose 31% to $41.5 million, the logistics firm said late Thursday.

Revenue rose 27.9% to $20.7 million at its Express-1 unit, 21.6% at its Concert Group Logistics unit to $15.7 million and jumped 19.6% to $6 million at its Bounce Logistics unit.

Express-1 Expedited Solutions is a non-asset based transportation company that operates through its three logistics units.