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Revenue for the quarter increased 12.9% to $117.9 million in the 2005 quarter from $104.4 million in the 2004 quarter. Freight revenue, which excludes fuel surcharges, was up 5.3% to $103.3 million in the 2005 quarter from $98.1 million in the 2004 quarter. Net income increased 67.9% to $4.7 million in the 2005 quarter from $2.8 million for the same quarter last year. Diluted earnings per share improved by 66.7% to $0.45 in the 2005 quarter from $0.27 for the same quarter last year. The September quarter marked the highest earnings per share in the history of the Company.
In summary, we are pleased with our performance in the September 2005 quarter, and, based on demand levels, fuel surcharge recovery and rate improvement we've experienced so far in October, we believe we will be able to continue to execute on our strategic plan and produce positive results going forward."
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