Roadway Girding for Rough Road

Roadway Corp. said that its motor carriage tonnage levels are about 14% below those of a year ago. It has attributed the drop to the continued weakness in the national economy, which has reduced business levels in the LTL portion of the company's operation. As a result, the company said it expects earnings to be as much as 70% below its second quarter 2000 results of $0.52 per share. “Our business
June 1, 2001
Roadway Corp. said that its motor carriage tonnage levels are about 14% below those of a year ago. It has attributed the drop to the continued weakness in the national economy, which has reduced business levels in the LTL portion of the company's operation.

As a result, the company said it expects earnings to be as much as 70% below its second quarter 2000 results of $0.52 per share.

“Our business levels continue to be weak and we have seen no signs of a turnaround in underlying economic conditions,” said Michael W. Wickham, CEO of Roadway. “In response, we will continue our emphasis on cost-containment measures and maintaining workforce levels that are consistent with business volumes.”

About the Author

Tim Parry

Tim Parry is a former FleetOwner editor. 

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