Velocity Express Reports Fiscal 3Q Loss

Velocity Express Corp. reported it lost $13.7 million, or $3.73 a share, in its fiscal third quarter, compared with a loss of $10.6 million, or $3.78, a year earlier.

The package-delivery and supply chain management company’s revenue for the quarter ended March 28 fell to $60.8 million, from $82.2 million a year earlier, the company said Wednesday.

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