Target Logistics narrows losses

Third-party logistics firm Target Logistics said it lost $293,222 on operating revenues of more than $21.4 million in its third fiscal quarter of 2002. That compares to losses of $609,265 on operating revenues of more than $22.8 million in the same period in 2001. For the first nine months of fiscal 2002, Target said its losses topped $840,787 on operating revenues of $66.9 million. That compares

Third-party logistics firm Target Logistics said it lost $293,222 on operating revenues of more than $21.4 million in its third fiscal quarter of 2002. That compares to losses of $609,265 on operating revenues of more than $22.8 million in the same period in 2001.

For the first nine months of fiscal 2002, Target said its losses topped $840,787 on operating revenues of $66.9 million. That compares to losses of $1.07 million on revenues of $68.9 million in the same fiscal period last year.

Baltimore, MD-based Target Logistics provides freight forwarding and logistics services through its subsidiary, Target Logistic Services, Inc.

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