US1 Reports Higher First-Quarter Profit

Logistics firm US1 Industries said its first-quarter net income improved to $690,000, or 5 cents a share, from $370,000, or 3 cents, a year ago.

Revenue fell to $41.7 million, from $45.9 million a year ago, the company said Wednesday.

First-quarter operating income rose to $1.1 million, from $800,000 a year ago, US1 said in a statement.

US1 provides financial resources, insurance and information technology to the trucking and logistics industries.