Express-1’s Earnings Dip

Express-1 Expedited Solutions said Tuesday it earned $457,000, or 2 cents a share, in the fourth quarter, down from $1.6 million, or 6 cents, in the previous fourth quarter.

The ground expedited carrier’s revenue jumped 32% to $14.1 million.

For the full year, Express-1 earned $2.2 million, or 8 cents a share, down from $3.9 million, or 15 cents, a year ago. Revenue rose to $52.8 million, from $42.2 million in 2006.