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August 7, 2012 9:00 AM, EDT

Quality’s Second-Quarter Income Improves

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Tank truck carrier Quality Distribution said its second-quarter profit jumped on acquisitions and growth in its energy logistics business.

Net income rose to $28.8 million, or $1.04 per share, from $9 million, or 37 cents, a year ago, the carrier said late Monday.

Revenue rose 12% to $212.7 million. Operating income fell 20.6% to $13.4 million but excluding items would have risen 7.9% to $17.7 million. 

Last Wednesday, Quality completed its acquisition of Dunn’s Tank Services and Nassau Disposal for about $34.3 million, following several acquisitions earlier this year.

Quality Distribution is ranked No. 38 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.