Target Logistics narrows losses

Despite moving into an aggressive acquisition phase, Baltimore-based third-party logistics provider Target Logistics has narrowed its financial losses. For the second fiscal quarter, Target Logistics said it lost $77,463 on revenues of $24 million, down from the $151,249 it lost on revenues of $24.7 million in its second quarter of fiscal 2001. However, for the first six months of fiscal 2002, Target's

Despite moving into an aggressive acquisition phase, Baltimore-based third-party logistics provider Target Logistics has narrowed its financial losses.

For the second fiscal quarter, Target Logistics said it lost $77,463 on revenues of $24 million, down from the $151,249 it lost on revenues of $24.7 million in its second quarter of fiscal 2001.

However, for the first six months of fiscal 2002, Target's losses have grown larger. It lost $547,565 on revenues of $45.5 million in the first six months of fiscal 2002, compared to the $468,515 it lost on revenues of $46 million in the first six months of fiscal 2001.

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