Velocity Express Reports 2Q Loss

Velocity Express Corp. reported it lost $9.1 million, or $3.36 a share, in its fiscal second quarter, compared with a loss of $8.9 million, or $3.82, a year earlier.

The package-delivery and supply chain management company’s revenue for the quarter ended Dec. 27 fell to $65.8 million, from $86.1 million a year earlier.

Velocity Express ranks No. 79 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.