Express-1’s 1Q Income Gains

Express-1 Expedited Solutions said Thursday it earned $460,000 or 2 cents a share in the first quarter, compared with $557,000 or 2 cents last year.

The ground expedited carrier’s revenue rose 20% to $11.5 million.

The company did not give an update of its 2007 revenue forecast, which it had said previously would be $48 million to $52 million, up 15% to 23% over last year.

Express-1 changed its name from Segmentz Inc. last June.