AIRBORNE LAUNCHES GROUND DELIVERY SERVICE
The Hub Crew Inc., a Lombard, Unwell.-based non-asset founded freight transportation control corporate, reported a web lack of $700,000 for the primary quarter of 2001, in comparison to a web lack of $300,000 within the first quarter of 2000.
Hub mentioned the primary quarter 2001 effects incorporated fees to profits for asset impairment, loss on disposal and extra depreciation, which equaled $2.1 million. Except for the ones fees, web source of revenue would were $1.4 million.
Income rose 5.3 % to $345.9 million in the latest quarter. Intermodal income rose 2.4 % to $243,5 million. Brokerage income used to be $51.1 million, up 2.9 %. General logistics income higher 24.6 % to $51.3 million.
Inside of Hub’s logistics sector, the Hub Crew Distribution Services and products reported higher income of four.6 %. Income from the corporate’s provide chain answers higher via 68.3 %.
Supply By way of https://www.freightwaves.com/information/hub-group-reports-first-quarter-net-loss