US 1 Reports First-Quarter Loss

Logistics firm US 1 Industries said it had a first quarter net loss of $979,000, or 7 cents a share, compared with a profit of $690,000, or 5 cents a share, a year earlier.

Revenue for the quarter ended March 31 grew to $44.2 million, from $41.7 million in 2008. The company had an operating loss of $841,000, compared with an operating income of $1.1 million the previous year.

US 1 provides financial resources, insurance and information technology to the trucking and logistics industries.