Celadon's 2Q income rises

Truckload carrier Celadon Group said its net income for the second quarter of fiscal 2003 increased to $1 million on revenue of $90.8 million, compared to net income of $200,000 on revenues of $79.3 million in the same period of fiscal 2002. Indianapolis-based Celadon said its Internet venture, TruckersB2B, generated operating income of $300,000 on revenue of $2 million in its second fiscal quarter,

Truckload carrier Celadon Group said its net income for the second quarter of fiscal 2003 increased to $1 million on revenue of $90.8 million, compared to net income of $200,000 on revenues of $79.3 million in the same period of fiscal 2002.

Indianapolis-based Celadon said its Internet venture, TruckersB2B, generated operating income of $300,000 on revenue of $2 million in its second fiscal quarter, up from $200,000 on revenue of $1.7 million in the same quarter of fiscal 2002.

For the first six months of its fiscal year, Celadon said its net income rose to $1.9 million on revenues of $184.4 million, up from net income of $300,000 on revenues of $162.2 million in the first half of fiscal 2002.

Celadon noted that its 14% higher revenues reflected, in part, the impact of higher rates that helped offset increased fuel expenses.

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