• Roadway's revenues up 13%

    Roadway Corp., which today announced it would merge with rival LTL Carrier Yellow Corp., said that its second-quarter revenues were up 13% compared to last year. Roadway reported revenues of $741,528,000, compared to revenues of $656,003,000 for the second quarter of 2002. The company reported net income of $6,308,000, compared to net income of $5,674,000, for the same period last year. President
    July 8, 2003
    Roadway Corp., which today announced it would merge with rival LTL Carrier Yellow Corp., said that its second-quarter revenues were up 13% compared to last year.

    Roadway reported revenues of $741,528,000, compared to revenues of $656,003,000 for the second quarter of 2002. The company reported net income of $6,308,000, compared to net income of $5,674,000, for the same period last year.

    President & CEO James D. Staley said that despite continuing weakness in the economy and excess capacity that still remains following the closure of Consolidated Freightways, Roadway Corporation achieved a 43% increase in income from continuing operations.

    "While the long-haul industry experienced significant capacity contraction from Consolidated's closure, regional markets remain extremely competitive," Staley said. "Roadway Express' volumes and base rates in those segments have been additionally impacted."

    About the Author

    Tim Parry

    Tim Parry is a former FleetOwner editor. 

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