Quality’s Third-Quarter Net Income Slips
Tank truck carrier Quality Distribution said Tuesday its third -quarter net income fell to $400,000, or 2 cents per share, from $1.4 million, or 7 cents, a year ago.
Revenue rose 11.8% to $181.9 million, while revenue excluding fuel surcharges rose 9.3% primarily due to higher volumes.
Adjusted net income improved to $2.2 million, 10 cents per share, from $1.1 million, or 6 cents, Quality said in a statement.
Quality Distribution is ranked No. 36 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
