Revenues rise at U.S. Xpress

Oct 16, 2003 12:00 PM

U.S. Xpress Enterprises Inc. said today that its 3Q operating revenues, revenues and net income grew vs. the same period last year.

The carrier's operating revenues increased 8.3% to $238.3 million, and revenues increased 9.2% to $690.9 million. Its net income for the quarter was $2.7 million, compared with net income of $1.1 million the same period last year.

For the first nine months of 2003, the company reported net income of $5 million, compared with net income of $577,000 for the prior-year period. The first nine months of 2002 included a non-cash charge for the early extinguishment of debt of approximately $1.1 million.