Allied Update

It's kind of funny-- I was just talking with Randy Swift of Auto Transport Repair in Seattle about this company. Just got the following story delivered to my mailbox by the Google 'Bot. Originally published by Transport Topics

Allied Holdings Reports $10 Mln. First-Quarter Loss

Auto hauler Allied Holdings Inc. reported a net fourth-quarter loss of $10.1 million or $1.13 per share, compared with a loss of $9 million or $1.03 last year.

Allied said the higher loss was due to higher pension costs, workers’ compensation increases and interest expenses.

The company’s revenue rose 4.1% to $221 million for the quarter, Allied said in a statement Tuesday. The gain reflected higher revenue per delivered vehicle, which was partially offset by a 2.7% decline in the volume of vehicles delivered.

Its stockholders’ equity dropped to negative $51.9 million for the quarter from negative $41.5 million at the end of 2004, the company’s financial statement showed.

Allied is ranked No. 22 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.

By Transport Topics