Transport Corporation of America Inc. today announced revenues for the first quarter 2003 of $67.1 million, an increase of 1.7% compared with 2002 first quarter revenues.
The company's first-quarter net loss was $454,000 compared with a 2002 first quarter net loss of $19.5 million.
"Our commitment to improve asset utilization continues to pay off as demonstrated by reduced deadhead and increased miles per tractor," said president & CEO Michael Paxton.
During the first quarter, Transport America's deadhead miles decreased to 10%, and miles per tractor increased 3.1%. Revenue per tractor per week improved 3.6%.