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Total Logistics Inc earns a fiscal record

Total Logistics Inc has reported record second-quarter 2004 net earnings of $1,862,000, an increase of 262% compared with the prior year’s second quarter net earnings of $515,000. Consolidated revenues tallied for the second quarter rose 31% to $86,907,000. Both logistics and product segments revenues were strong, climbing by 33.9% and 22%, respectively, over the corresponding period in 2003.

Net earnings for the six months ended June 30, 2004, were $2,950,000, an advance of 173% from the comparable period the year before. Revenues totaled $160,605,000, an increase of 22.1%, driven by strong growth at both Total Logistic Control and Zero Zone.

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