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No assets, big revenues - Chile - Intermodal growth lucrative, reports 18 percent jump in revenue
Valparaiso,Chile -Munster Times (Munster,IN,USA), by JASON SPARAPANI/Medill News Service -May 18, 2006: -- Shares of US 1 Industries Inc. rose 5 cents, or 4 percent, to $1.26 Tuesday after the company reported an 18 percent jump in revenue and earnings that dropped yet still beat an analyst's estimate... In the quarter ended March 31, net profit for the Valparaiso-based company dipped 3 percent to $695,000 from $717,000 in the year-earlier period... The company provides flatbed and refrigerated transportation, warehousing and financial services to 50 independent businesses. It describes itself as a non-asset business, meaning its client companies lease their trucks, while US 1 Industries pays the drivers... CEO Michael Kibler said 80 percent of the company's business comes from its intermodal transportation, the transfer of goods using multiple modes such as ship, rail and truck... The analyst's estimates for the full year are revenues of $188.5 million and earnings of 24 cents per diluted share...
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