Dynamex’s Fiscal 1Q Profit Drops

Logistics and delivery firm Dynamex Inc.’s fiscal first-quarter profit fell to $1.4 million, or 14 cents a share, from $3 million, or 31 cents, a year ago.

Sales for the quarter ended Oct. 31 rose 11% to $111 million, the company said late Thursday.

Dynamex credited the sales increase largely to a higher core sales, higher fuel surcharges and a stronger Canadian dollar.

“We believe the company is showing significant improvement in its operations and is well positioned for continued expansion as the broader economy continues to slowly improve,” said James L. Welch, president.

Dynamex, which provides same-day delivery services, is ranked No. 61 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.