OVERNITE REPORTS BEST FIRST HALF IN EIGHT YEARS

OVERNITE REPORTS BEST FIRST HALF IN EIGHT YEARS    Overnite Holding Inc., parent company of Overnite Transportation Co. and subsidiary of Union Pacific Corp. reported second-quarter net income of $14.4 million, up 10.9 percent.
   Revenue rose 2.2 percent to $331.7 million. Second-quarter 2001 results were pro forma, including results from Motor Cargo Industries, which Overnite acquired. Operating ration was flat, at 94. 5 percent.
   For the first six months of 2002, Richmond, Va.-based Overnite reported net income of $23.4 million, up from $21.0 million, on revenue of $636.6 million, compared to $637.1 million for the pro forma second-quarter 2001 results. Operating ratio was 95.5 percent, matching last year-s figure.
   Overnite Transportation and Motor Cargo Holdings provides less-than-truckload service both regionally and nationwide.