US 1 Industries posts higher 3Q income, lower revenue

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Nonasset-based logistics provider US 1 Industries today, Nov. 13, announced the results for its third quarter and nine months ended Sept. 30.

Revenues for the third quarter of 2007 decreased 6.3 percent to $46.4 million compared to $49.5 million for the same period in 2006. The Valpariso, Ind.-based company’s net income increased to $789,060 in the third quarter of 2007 compared to $706,327 for the same period in 2006.

For the nine months ended Sept. 30, revenues decreased 1.5 percent to $140.2 million compared with $142.4 million for the same period in 2006. The company’s net income increased to $2.27 million compared to net income of $1.72 million for the same period in 2006.