SCS earnings may be hurt by bad weather

SCS Transportation said that its first quarter earnings will be hurt by the severe winter weather experienced across much of the United States in February. Kansas City, MO-based SCS said it believes that first quarter earnings will be below the 10 cent to 14 cent per share guidance given out in January, although actual results for the quarter will depend on the company's March results. Assuming milder
March 3, 2003
SCS Transportation said that its first quarter earnings will be hurt by the severe winter weather experienced across much of the United States in February.

Kansas City, MO-based SCS said it believes that first quarter earnings will be below the 10 cent to 14 cent per share guidance given out in January, although actual results for the quarter will depend on the company's March results.

Assuming milder weather in its Northeast, Southeast and South Central markets, SCS said its first quarter earnings are now expected to be in the range of 5 to 8 cents per share.

President & CEO Bert Trucksess added that two cargo claims totaling $400,000 further impacted quarterly results.

SCS is comprised of Duluth, GA-based Saia Motor Freight and Delanco, NJ-based Jevic Transportation. It posted total revenue of $775 million last year.

About the Author

Sean Kilcarr

Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.

 

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