Overnite sees 3Q income slip
Less-than-truckload carrier Overnite Transportation Co., a Richmond, VA-based subsidiary of rail giant Union Pacific, said its net income for the third quarter declined 3% from last year. Overnite posted net income of $14.4 million for the third quarter of 2001, along with operating revenues of $292.1 million – an increase of $5 million, or 1.7%, from the $287.1 million it reported in the third quarter