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Transport Topics, October, 2006 by Anonymous

EARNINGS

Velocity Express Corporation (Nasdaq: VEXP), Minneapolis, is the parent company of same-day delivery package courier Velocity Express, providing both logistics and delivery services.

The company acquired competitor CD&L Inc. on Aug. 18.

Net revenue is gross revenue less the cost of purchased transportation.

Periods ended July 1, 2006. and July 2, 2005, represent fiscal fourth quarters.

Results for the 2006 quarter include noucash expenses of $5.7 million for depreciation, ...

 

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