Relocation Business Booms for Sirva

Aug. 11, 2004
Chicago-based global moving company Sirva said its net income in the second quarter increased over 65% to $17.5 million.

Chicago-based global moving company Sirva said its net income in the second quarter increased over 65% to $17.5 million on 15.4% higher operating of $668.8 million compared to the same period last year. The strength of U.S. residential moving activity contributed, the company said.

Sirva said operating revenue in moving services grew 10% on strong shipments across consumer, military/government and corporate segments. Corporate shipments were higher on a year-over-year basis for the first time in 14 quarters. On average, the company said it conducts more than 365,000 relocations per year across all of its markets.

With strong performance in the first half of the year, the company said it remains confident that it will earn $1.17 to $1.20 per share in 2004.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...