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Express-1 Reports Higher 3Q Profit

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11/16/2010 12:00:00 PM

Express-1 Expedited Solutions’ second-quarter profit rose to $1.7 million, or 5 cents per share, from $811,000, or 3 cents, a year ago.

Revenue jumped 70% to $44.4 million, the company said Monday.

Revenue more than doubled at its Bounce Logistics unit, while rising 45.6% at its Express-1 unit and 85.1% at the Concert Group Logistics unit.

Express-1 Expedited Solutions is a non-asset based transportation company that operates through its Express-1, Concert Group Logistics, Express-1 Dedicated and Bounce Logistics units.

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Emil Estafanous, CPA, CFF, CGMA