Contract Logistics Segment Performance
The contract logistics segment contributed $255.9 million in revenue and delivered a solid 9.3% operating margin. The company is on track to book over $1.1 billion in contract logistics revenue in 2025.
Parsec Acquisition Integration
The Parsec acquisition contributed $56.4 million in revenue this quarter. The company now operates 87 value-added programs, including 20 rail terminal operations, a significant increase from 71 programs last year.
Positive Trends in Auto Production
Auto production volumes showed improvement, particularly in February and March. The company expects long-term opportunities in this segment with key launches beginning in the second quarter.
Revenue Per Load Increase in Trucking
Revenue per load, excluding fuel surcharges in the trucking segment, increased by more than 24%, indicating the success of the strategy to focus on specialized high-yield freight.
Dividend Declaration
The Board of Directors declared a regular quarterly dividend of 10.5 cents per share, payable to shareholders of record on June 2, 2025.