Target Logistics narrows losses

For the second fiscal quarter, Target Logistics said it lost $77,463 on revenues of $24 million, down from the $151,249 it lost on revenues of $24.7 million in its second quarter of fiscal 2001.

However, for the first six months of fiscal 2002, Target's losses have grown larger. It lost $547,565 on revenues of $45.5 million in the first six months of fiscal 2002, compared to the $468,515 it lost on revenues of $46 million in the first six months of fiscal 2001.