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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.
Higher revenue per truck and continued focus on safety and cost controls allowed us to improve our operating ratio by 240 basis points to 92.2% in the September 2005 quarter from 94.6% in the September 2004 quarter. In addition, the September 2005 operating ratio of 92.2% represents a sequential improvement over the June 2005 operating ratio of 92.9%, we define as total operating expenses, net of fuel surcharges, as a percentage of freight revenue.
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