Velocity Express Reports 4Q Loss

Velocity Express Corp. said Wednesday it lost $44.1 million, or $15.33 a share, in its fiscal fourth quarter, compared with a loss of $6.2 million, or $3.07, a year earlier.

The package-delivery and supply chain management company’s revenue for the quarter ended June 28 fell to $79.3 million, from $98.6 million a year earlier.

The company said it lost $64.6 million, or $27.45 a share, for its full fiscal year, compared with a loss of $39.5 million, or $37.95, the previous year.

Velocity Express ranks No. 79 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.