Monday, Trailer Bridge, Inc. (TRBR), an integrated trucking and marine freight carrier, reported a narrower loss for the second quarter as revenues improved 14.7%. The increase in revenues, however, were offset by sharply higher fuel costs.
Net loss for the quarter narrowed to $329 thousands or $0.03 per share narrowed from $1.9 million or $0.16 per share in the prior-year quarter.
Operating revenue for the quarter rose by 14.7% to $33.9 million, from $29.6 million in the prior-year quarter. Excluding the effect of fuel surcharges, revenue increased 8.4% from the year ago quarter. Southbound container volume was up 6.5%, car and other vehicle volumes were up 12.9% and northbound container volume was up 41.6%.
Operating income for the quarter was $2.2 million, compared to $5.3 million in the similar quarter of 2007.
Operating expenses for the quarter increased to $31.7 million from 24.3 million in the prior year quarter. Expenses incurred on account of fuel was $8.1 million, an increase from $3.9 million in the corresponding period a year ago.
The company also had a nominal income tax benefit of $746 for the quarter, while the previous year quarter included an income tax provision of $4.8 million.
The company's deployed vessel capacity utilization was 85.7% southbound and 26.8% northbound, compared to 87.7% and 23.2%, respectively, during 2007.
For the first half, the company's net loss was $2.15 million or $0.18 per share, compared to $0.55 million or $0.05 per share in the prior-year quarter. Operating revenue was $64.3 million, compared to $56.1 million a year ago.
Allen Stevens, previously Vice Chairman, had been elected as Chairman. McCown will serve as new Vice Chairman.
Monday, stock is currently trading up 7.24% at $5.57.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.