Streicher Mobile Fueling shows loss

Sept. 4, 2001
Streicher Mobile Fueling, a Florida-based refueling service provider for vehicle fleets, reported declining revenues and a loss over the last five months. The company also said it has changed its fiscal year to end on June 30 instead of January 31. For the five months ended June 30, Streicher said it delivered 21.8 million gallons of fuel, down from 25.3 million gallons for the same five-month period
Streicher Mobile Fueling, a Florida-based refueling service provider for vehicle fleets, reported declining revenues and a loss over the last five months. The company also said it has changed its fiscal year to end on June 30 instead of January 31.

For the five months ended June 30, Streicher said it delivered 21.8 million gallons of fuel, down from 25.3 million gallons for the same five-month period last year. Total revenues declined to $29.5 million for the five-month period, compared to $36.5 million for the same period last year. The company also reported a net loss of $1.95 million, compared to a loss of $510,000 million last year.

“Recently implemented cost reductions, primarily in labor and maintenance, coupled with improved routing and scheduling efficiencies, and new customer profitability evaluations are expected to produce improved results during the first quarter of the new fiscal year,” said Richard E. Gathright, the company’s president & CEO.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!