EGL REPORTS NET REVENUE INCREASE
EGL Inc., a logistics provider based in Houston, which operates under the name EGL Eagle Global Logistics, said Tuesday that it earned $938,000 of net income for the three months ending June 30, compared to a loss of $23.2 million in the second quarter of 2001.
Gross revenues declined two percent from $409 million in 2001 to $402 million in the second quarter, “reflecting weak activity levels in the high technology, telecommunications and automotive sectors,” EGL said in a statement.
Net revenues increased 12 percent from the second quarter of 2001.
Net revenue margins “remained firm despite pricing and capacity pressure out of Asia,” the company said.
EGL REPORTS NET REVENUE INCREASE
