Trailer Bridge revenue surges

Trailer Bridge revenue surges

Trailer Bridge Inc. said it had its best quarter in more than three years as revenue jumped 19.8 percent to $21.7 million over the year-ago quarter.

The carrier posted a net loss of $665,342 for the three months ended June 30, compared with a net loss of just over $1.1 million for the same period the previous year. Net loss for the six months ended June 30 were $3.2 million, compared to $2.4 million in 2002.

Volume increased 26 percent in core southbound trailer/SOL (shipper-owned or leased equipment) compared with the same period a year ago.

"The second quarter represented our best actual performance in years and the level and trend of all of our indicators is still decidedly positive," Chairman and Chief Executive John McCown said in a statement Tuesday. He noted revenue for the first six weeks of the current third quarter is up 23 percent over the same period last year.

The company said losses in the first and second quarters came amid higher fuel and vessel maintenance costs.

The company implemented a fuel surcharge in the second quarter, and reconfigured its roll-on, roll-off vessels for better efficiency.