PST Vans Inc., 1901 W. 2100 South, a medium- to long-haul trucking company operating in 48 states, reported net loss of $2.1 million or 50 cents per share in the quarter ending March 31 compared with a net loss of $1.1 million or 27 cents per share in the same period a year ago.
View Comments
Kenneth R. Norton, chief executive officer, said the first-quarter figures included a $1 million gain from the sale of assets, which is part of the company's fleet reduction effort.Consistent with a 14 percent reduction in the number of tractors from 1,364 in first quarter of 1996 to 1,171 in the first quarter this year was a 10 percent reduction in the company's revenue.