News

SCS earnings may be hurt by bad weather

March 3, 2003

SCS Transportation said that its first quarter earnings will be hurt by the severe winter weather experienced across much of the United States in February. Kansas City, MO-based SCS said it believes that first quarter earnings will be below the 10 cent to 14 cent per share guidance given out in January, although actual results for the quarter will depend on the company's March results. Assuming milder

Sean Kilcarr

SCS Transportation said that its first quarter earnings will be hurt by the severe winter weather experienced across much of the United States in February.

Kansas City, MO-based SCS said it believes that first quarter earnings will be below the 10 cent to 14 cent per share guidance given out in January, although actual results for the quarter will depend on the company's March results.

Assuming milder weather in its Northeast, Southeast and South Central markets, SCS said its first quarter earnings are now expected to be in the range of 5 to 8 cents per share.

President & CEO Bert Trucksess added that two cargo claims totaling $400,000 further impacted quarterly results.

SCS is comprised of Duluth, GA-based Saia Motor Freight and Delanco, NJ-based Jevic Transportation. It posted total revenue of $775 million last year.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.