Gary Enzor, Chief Executive Officer, commented, "I am very pleased with our fourth quarter and full year results, which reflect continued year over year increases in revenue and earnings. Demand for our services continues to show improvement, and we are realizing the earnings power of our asset-light business model."Total revenue for the fourth quarter ended December 31, 2010 was $165.8 million, an increase of 9.6% versus the same quarter last year. Excluding fuel surcharges, revenue for the fourth quarter of 2010 increased 7.0% compared to the prior-year quarter. This increase was driven primarily by higher volumes resulting from a 5.3% increase in loads and a 2.8% increase in miles driven within the chemicals business, as well as a 15.2% increase in revenues from Boasso's intermodal and depot business.
Quality Distribution, Inc. Announces Fourth Quarter And Year End 2010 Results
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