Roadway's revenues up 13%

Roadway Corp., which today announced it would merge with rival LTL Carrier Yellow Corp., said that its second-quarter revenues were up 13% compared to last year. Roadway reported revenues of $741,528,000, compared to revenues of $656,003,000 for the second quarter of 2002. The company reported net income of $6,308,000, compared to net income of $5,674,000, for the same period last year. President

Roadway Corp., which today announced it would merge with rival LTL Carrier Yellow Corp., said that its second-quarter revenues were up 13% compared to last year.

Roadway reported revenues of $741,528,000, compared to revenues of $656,003,000 for the second quarter of 2002. The company reported net income of $6,308,000, compared to net income of $5,674,000, for the same period last year.

President & CEO James D. Staley said that despite continuing weakness in the economy and excess capacity that still remains following the closure of Consolidated Freightways, Roadway Corporation achieved a 43% increase in income from continuing operations.

"While the long-haul industry experienced significant capacity contraction from Consolidated's closure, regional markets remain extremely competitive," Staley said. "Roadway Express' volumes and base rates in those segments have been additionally impacted."

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