Target Logistics reduces losses

Oct. 2, 2002
Third-party logistics firm Target Logistics posted losses for its fourth fiscal quarter and its fiscal year, though those losses were smaller than last year. Baltimore, MD-based Target said its revenue jumped 25.1% to more than $21.1 million in its fourth fiscal quarter. However, it posted a net loss of$93,740 for the quarter, though that was smaller than the $693,803 loss over the same period last
Third-party logistics firm Target Logistics posted losses for its fourth fiscal quarter and its fiscal year, though those losses were smaller than last year.

Baltimore, MD-based Target said its revenue jumped 25.1% to more than $21.1 million in its fourth fiscal quarter. However, it posted a net loss of$93,740 for the quarter, though that was smaller than the $693,803 loss over the same period last year.

For its fiscal year, Target's revenue climbed 3.7% to more than $93.4 million, while it posted a net loss of $934,527. That compares to revenues of more than $90.1 million and a net loss of $1.77 million in fiscal 2001.

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.

 

Voice your opinion!

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

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...