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Article: TRISM, Inc. Adjusts Outlook For Remainder Of 1997; Announces New Executive Vice President Roles
- Article from:
- PR Newswire
- Article date:
- September 22, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KENNESAW, Ga., Sept. 22 /PRNewswire/ -- TRISM, Inc. (Nasdaq/NM:TRSM) today announced that it expects to report lower than anticipated net income for the third and fourth quarters of 1997. The Company stated that the change in outlook was primarily as a result of lower asset utilization. TRISM has experienced an increase in driver turnover resulting in a shortage of drivers. It also has experienced more competitive markets at its Secured and Heavy Haul operations. Consequently, the Company believes that its net income for the third quarter ending September 30, 1997 will be below the $0.11 per share reported in the comparable period of 1996.
Additionally, ...
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