Stonier reports 1Q revenue growth

April 4, 2002
Stonier Transportation Group said its revenues grew to over $12 million in the first quarter of 2002, a 25% increase over the same period last year. President & COO Thomas Piatak said expanded service offerings by the third-party logistics provider and freight forwarder is the reason its revenues have increased. The company launched the Stonier Rail Connection in February. By partnering with major
Stonier Transportation Group said its revenues grew to over $12 million in the first quarter of 2002, a 25% increase over the same period last year.

President & COO Thomas Piatak said expanded service offerings by the third-party logistics provider and freight forwarder is the reason its revenues have increased.

The company launched the Stonier Rail Connection in February. By partnering with major Class I railroads and targeting traffic that currently moves over the road, Jacksonville, FL-based Stonier has handled more than 300 new loads for shippers who were previously using just truck transportation, Piatak said.

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.

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