Articles > Business magazines > Engineering, Construction, and Transportation magazines > Transport Topics articles > May 2007

Article: EARNINGS

Article from:
Transport Topics
Article date:
May 21, 2007
Author:
Copyright

Tank Truck

Quality Distribution

Quality Distribution Inc. (Nasdaq: QLTY), Tampa, Fk, is the parent of Quality Carriers and TransPlastics. The company is the largest operator of tank trucks in the United States, carrying mainly fuel.

Results for the 2007 quarter were hurt by a continuation of the softness in demand experienced in the final quarter of 2006. The quarter also was negatively affected by an increase in insurance expenses. Quarterly fuel surcharge revenue increased to $19 million from $18.5 million during the 2006 quarter. Total shareholders' equity at the end of the 2007 quarter was $35.1 million, compared with $35.2 million for the 2006 quarter.

Diluted per-share results for the ...

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