• ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

TRAILER BRIDGE NARROWS LOSSES IN 1ST QUARTER

TRAILER BRIDGE NARROWS LOSSES IN 1ST QUARTER

   Trailer Bridge Inc. reported a first-quarter net loss of $1.3 million, significantly narrowed from the year-earlier loss of $5.4 million.

   The Jacksonville, Fla.-based company credited discontinuance of its Northeast/Puerto Rico service at the start of the quarter, reductions in employees and overall cost-cutting for its reduced losses.

   Discontinuance of the Northeast service cut overall vessel capacity by 21.5 percent, Trailer Bridge said. Vessel capacity utilization on its remaining Jacksonville/San Juan service rose to 76.3 percent southbound, from 70.7 percent, while slipping to 18.3 percent northbound, from 22.0 percent.

   Revenue for the quarter was $17.5 million, down 15.3 percent. The company's operating loss was $519,025, compared to an operating loss of $4.5 million a year earlier.

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