Quality Reports Record Profit; Per-Share Earnings Double

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ank truck carrier Quality Distribution late Monday reported second-quarter net income of $5.5 million or 28 cents a share, up from $2.7 million or 14 cents a year ago.

img src="/sites/default/files/images/articles/Quality.gif" width=200 align=right>The earnings were a record, the company said. Revenue rose 11.3% to $190.3 million.

Transportation revenue rose 6.9% from a year ago to $149.3 million.

“We have a significant sales pipeline, and, as we start the second half of the year, demand is strong and revenues are running at high single digit levels above last year,” Chief Executive Officer Jerry Detter said in a statement.

uality Distribution is ranked No. 34 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.