Global logistics company Stonepath Group Inc. reported net income of $275,000 compared to a net loss of $964,000 for the same quarter last year. Stonepath's total revenues for the first quarter increased 247.2% to $45.4 million from $13.1 million for the first quarter of 2002. The company's first quarter net income included a $750,000 charge related to the settlement of litigation that arose in August
Global logistics company Stonepath Group Inc. reported net income of $275,000 compared to a net loss of $964,000 for the same quarter last year.
Stonepath's total revenues for the first quarter increased 247.2% to $45.4 million from $13.1 million for the first quarter of 2002.
The company's first quarter net income included a $750,000 charge related to the settlement of litigation that arose in August 2000 prior to its transition to a logistics business.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
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...
