Transport America's revenues grow

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

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%.

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