TRUCKING INDUSTRY * WORLDWIDE
* India - Transport Corporation of India Profit Falls 5 Percent
Gurgaon,Haryana,India -The Journal of Commerce -Nov 2, 2011: -- Logistics provider hit by rising operating costs, tight market conditions... Transport Corporation of India’s profit fell 5 percent year-over-year to $2.75 million in the fiscal second quarter ending Sept. 30, as the integrated supply chain and logistics services provider was hit by rising operating costs and tight market conditions... The company’s operating revenue grew 3 percent year-over-year to $90.5 million in the second quarter, while operating revenue from the freight division dropped to $39 million from $40 million. The express segment reported a $2 million operating profit against revenue of $24 million... For fiscal 2010-11 ended March 31, the company posted a profit of $11.4 million, up 20 percent from $9.3 million the previous year...
Labels: trucking industry worldwide
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