Transportation Industry
Trailer Bridge Delays Filing 1Q Earnings Report
Transport Topics, May, 2004 by Anonymous
Intermodal trucking and marine freight transport company Trailer Bridge Inc. said May 1.3 that it would delay filing its first-quarter earnings to May 21 from May 14, pending final review by the company's new accounting firm.
Trailer Bridge, of Jacksonville, Fla., said in a May 13 filing with the Securities and Exchange Commission that it expected to report positive net income for the quarter ended March 31, compared with a $2.5 million loss at the start of 2003. The company cited volume and rate gains augmented by increased efficiency as reasons for the turnaround.
"Volume at the end of last year was lower than we expected, but since mid-January our volume level has been very robust," John McCown, the company's chairman and chief executive, said in a...
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