Roadway reports $3.4 million loss in 3Q
Sep 30, 2003 12:00 PM
Roadway Corp. said today that it had a loss of $3.4 million in the fiscal third quarter ended Sept. 13. The Akron, Ohio-based company’s loss translates to 18 cents per share, as compared to a 36-cent-per-share profit in the same quarter last year. In the 2002 third quarter, the company reported net income of $6.9 million. The company said that before charges related to its pending acquisition of fellow less-than-truckload carrier Yellow Corp., it would have reported a net income of $13.5 million or 71 cents per share. In its earnings release, Roadway declared Oct. 16 as the date by which individuals must hold stock in order to participate in special shareholders meetings on the Yellow acquisition.
