Sunteck Transport Parent Improves Sales, Profit

Sunteck Transport Parent Improves Sales, Profit

Non-asset logistics operator AutoInfo increased revenue from transportation services 57.8 percent from a year ago to $69.1 million in the second quarter.

The company, which operates Sunteck Transport Group and Eleets Logistics, increased its transportation revenue 22.5 percent from the first quarter.

Its net income increased 86.7 percent to $728,000 from a year ago. Boca Raton-based AutoInfo reported $425,000 in net income in the first quarter.

By The Numbers: Cass Freight Index.

The vast majority of AutoInfo's revenue comes from the transportation brokerage and logistics services provided by Sunteck Transport and Eleets Logistics.

The company's total revenue was $66.9 million, compared with $44.1 million a year ago and $56.9 million in the first quarter.

"We expect to continue to expand our agent network and broaden our transportation and logistics service lines," said President Harvey Wachtel.

-- Contact William B. Cassidy at wcassidy@joc.com.