SCS Transportation reported third-quarter net income of $7 million, up 7 percent from $6.6 million in the third quarter of 2004.
Revenues for the third quarter were $284.5 million, up 11 percent from $256.8 million in the third quarter of 2004. Consolidated operating income for the third quarter at $13.9 million was up 3 percent from the prior-year quarter.
The current-quarter and year-earlier operating results were subject to several unusual items, SCS said Wednesday, Oct. 26:
“We achieved record consolidated revenues and earnings in the quarter, despite weather challenges in our historically important Gulf Coast markets,” says Bert Trucksess, chairman, president and chief executive officer of SCS. “We believe ongoing initiatives provide further opportunity for revenue and profitability improvements.”