Target Logistics reduces losses

Third-party logistics firm Target Logistics posted losses for its fourth fiscal quarter and its fiscal year, though those losses were smaller than last year. Baltimore, MD-based Target said its revenue jumped 25.1% to more than $21.1 million in its fourth fiscal quarter. However, it posted a net loss of$93,740 for the quarter, though that was smaller than the $693,803 loss over the same period last

Third-party logistics firm Target Logistics posted losses for its fourth fiscal quarter and its fiscal year, though those losses were smaller than last year.

Baltimore, MD-based Target said its revenue jumped 25.1% to more than $21.1 million in its fourth fiscal quarter. However, it posted a net loss of$93,740 for the quarter, though that was smaller than the $693,803 loss over the same period last year.

For its fiscal year, Target's revenue climbed 3.7% to more than $93.4 million, while it posted a net loss of $934,527. That compares to revenues of more than $90.1 million and a net loss of $1.77 million in fiscal 2001.

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