PST Vans Inc., 1901 W. 2100 South, a medium- and long-haul trucking company, had net income of $203,644 or five cents per share in the quarter ending Sept. 30 compared with net income of $1.6 million or 62 cents per share in the same period a year ago.
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Kenneth R. Norton, chief executive officer, said industry over-capacity continued to exert pressure on rates, which were 3.4 percent lower than during the comparable period a year ago. This resulted in a $1.5 million impact on the bottom line, he said.For the nine months ending Sept. 30, PST had net income of $1.5 million or 41 cents per share compared with net income of $2.8 million or $1.10 per share in the same period a year ago.