Helped by strong results of its Saia Motor Freight Line operating subsidiary, SCS Transportation reported second-quarter revenue of $271.9 million, up 10 percent from the same period last year, and net income of $5.8 million, a 6 percent increase.
While LTL carrier Saia performed well, SCS, Kansas City, Mo., reported ongoing difficulties with Jevic Transportation, the company's hybrid LTL and truckload carrier. LTL tonnage hauled by Saia grew by 4 percent; at Jevic, tonnage declined by the same amount.
Duluth, Ga.-based Saia posted second-quarter revenue of $185.8 million, up 13 percent, including the benefits of its 2004 expansion into the Midwest. Operating income was up 37 percent from a year earlier to $12.5 million.
Jevic, Delanco, N.J., had revenue of $86.1 million in the quarter, up 3 percent from a year earlier. Operating income was $500,000, compared to $3.6 million in the second quarter of 2004.
"Saia continues to deliver stronger operating performance, with growth rates increasing during the second quarter," said Bert Trucksess, SCS chairman, president and CEO. "Jevic's operating improvement initiatives are ongoing, but weaker tonnage has hindered achieving targeted financial performance."