Reported about 1 year ago
Proficient Auto Logistics, a newly publicly traded auto carrier, reported an improved operating ratio of 93.2% and a double-digit EBITDA margin for the first quarter ended March 31. Despite a decline in total operating revenue net of fuel, the company's operating expenses decreased by 7.5%. CEO Richard O'Dell highlighted cost synergies and operational efficiencies, such as an integrated fuel procurement program and reducing empty miles across the network. With strong delivery numbers and new contracts signed, Proficient Auto Logistics aims for further growth and profitability.
Source: YAHOO