SCS Transportation, Inc. Thursday reported revenue of $207.5 million in the fourth quarter of 2003, up 6.8 percent from $194.3 million in the year-earlier quarter. Net income was $4.6 million, a 50 percent increase from $3.0 million in the fourth quarter of 2002.
For full-year 2003, revenue was $827.4 million, up 6.7 percent from $775.4 million in 2002. Net income was $14.9 million for 2003, a 23.8 percent increase compared with income of $12.1 million.
Earnings per share for 2003 were $0.99, up 20.7 percent from $0.82 per share in 2002.
Saia revenue was $129.6 million in the fourth quarter, up 5.2 percent from a year earlier. Operating income for Saia was $7.4 million in the quarter, up 28.9 percent from the same quarter in 2002. Saia LTL tonnage rose by 4.7 percent from the prior-year quarter.
Jevic fourth-quarter revenue was $77.9 million, up 9.6 percent from the prior-year quarter. Operating income for Jevic was $3.0 million in the quarter, up 39.4 percent from a year earlier. LTL revenue, excluding fuel surcharge, rose 9.8 percent, due to a 7.7 percent increase in LTL tonnage combined with a 2.2 percent rise in LTL revenue per hundredweight, excluding fuel surcharge.