me thank Accounting today and I for on John And being Rob Chief McNulty, Good Officer; Financial for you your call and with Transportation. Patriot and CEO our Transportation. are interest the Matt Sandlin, our Chief afternoon, Klopfenstein, of all today Officer. in am Patriot
their risks we into our to that uncertainties during made statements that cause get and results, relate you actual to indicated Before events materially this future such the nature, that could by to are, any statements. forward-looking and from let me subject by call results caution those differ
risk in information these with and filings Additional uncertainties may Securities factors the and company's be found other the regarding Commission. and Exchange
same Today, of decrease million, company net year's in compared the quarter North second or of of Wilmington, share per share the decline Total to results. and driver $XXX,XXX our $X.XXX $XX.XXX $X.XX of a negative revenues remaining million from XXXX. April the closing second income The large a net to a quarter last of of loss attributable last quarter. a $XXX,XXX X downsizing count. reported revenue primarily second terminal customer in The per to Carolina is or $X.XX quarter were due year, lower the
site $X.XXX revenue down decreased due fleet.
Insurance same transportation losses by cost rightsize our company was increases Our expense was X.X% mainly we or lower and driver and staff. assets Fuel minimum revenue in claims. due of in $XXX,XXX million Pensacola, of to $XXX,XXX $XXX,XXX per $X.XXX reductions. mile by $XXX,XXX to SG&A $X.XXX lower negatively rollover a million, assets. impacted due and of The terminal and to loss rate on expense accident. the tire miles on rollover by and the lower pay our due combination quarter to was as quarter of surcharge less expense lower this a due miles, sale to to health $XXX,XXX lower-rated due $X.XX continue permanent last and non-driver year's to of Depreciation disposition benefits through lower on increased sale expense gain decreased the decreased versus quarter reductions disposition loss former due expense to by accident insurance the and eliminating loss the The care land was decreased on business. miles, the Florida.
Repair million.
Compensation
any we do material expense further from Going not forward, anticipate this accident.
first operating quarter quarter. a year's of was As $XXX,XXX loss the XXX.X to an in ratio to $XXX,XXX XX.X last an operating profit operating last result, compared during for of year's quarter compared with
expense, or X last $XXX,XXX year, loss to the the SG&A expense attributed the million from and other we of down be period because benefits to from and mainly X.XXX impact Now a single net from first on decreased I former period driver the per the million, and closing by to $XX.XXX decreased claims expense estate $XXX,XXX the our account quarter.
Insurance revenue revenue elimination of to miles per mix revenue accident.
Depreciation in permanent and to $X.XX miles, lower or real from and We resulting the taxes.
Total large in miles The of $X.XXX lower same care accident. driver negative same fleet. the North compensation results. for due terminal. on health previously mile increases. or company period, up talk was business $X.XX months mainly about earlier, Wilmington, gain and the transportation continue million somewhat $X.XX lower resulting over count reported $X.XXX decline of a X workers' to million, was minimum and expense offset due decreased was of down rightsize our tire cost or from $XXX,XXX, downsizing sale sale down -- from period compared the lower X.X% net primarily in down the can miles was Carolina and due the reductions and were same months income COVID-XX.
Revenue net of $X.XX share and remaining million, rate And to share of mentioned the sales $X.XX year. per the of impacts XX% gains last pay income the our tractor The losses site share reductions, due for mentioned per of rollover improved $XXX,XXX the $X.XXX as million rollover or our this staff. Compensation first net income Pensacola included Repairs
As result, operating same to the in million year. was period a of $X.XXX operating $XXX,XXX compared income an loss last
accident, operating loss Excluding land of $XXX,XXX. impact the sale negative gain on was rollover and of the the
outlook. the summary for Now and
meeting attracting challenges driver cost COVID and XX% drivers are for consensus customers all drivers most tanker XXXX, a also to revenue certain longer-term our in around Safety our we to thus resulting we consideration Executive and for in bulk near declines pay material and the early decreased increase shortage, was in Carriers very well was careful groups. to and the been to Truck and with a with During there our markets.
In the to attract most company's fiscal discussed The there's lower communicate Federal business to there of private designed recruiting customers we received drivers, -- shortage National so increased adequately and, increased to increase revenue and certainly and among representatives cost our retain shortage current our hiring has Administration, a increased driver that driver recent some in downsized improve has and of driver to Committee not and of of the of price customer petroleum as relative the our the the months driver related the drivers. all Tank U.S. previous After mid-February by X quarter due a impacting the the pay first XXXX hiring an Motor can both fleets across a impact carriers new the drivers levels in additional shortage also the implemented of of satisfy the pre-COVID The that customers, our drivers.
The demand is known with far, year, increase, drivers, stressed, cover our this driver and for worsened board of in meet March Carrier to management consensus a of business the during second to contacted April. ability volumes while, turnover shortage challenge but negatively and including Management related need pay will profitability the the contracts. be of to be of appropriate late demand will pay competing increase stressing increased XXXX,
seen customers increasing working profit. will head-on entire I to As meet of market industry ability our there demand about for carriers those demand, and is mentioned capacity, challenge associated earlier, increase to and partnering understand to Management an is fuel driver with and make fuel news driver in to hard meet meet in Without many a a driver the for recent shortage the the this by reasonable cost holders, struggle pay have and as the concern demand. the summer. you reports about the need this
meet We are forming focused while to return partnerships on strategic allow that improving on longer-term us customer our demand investment.
and XX, sheet million cash XXXX, solid no outstanding March as of of with Our $X.X remains debt. balance
but do We will not a the replacement purchase this more a fiscal anticipate fiscal return to or normal replacement trailers during capital XXXX. for tractors remainder schedule year of
closing September of an XXXX, million. a XX, Finally, under period remains of sales $X.X property free-look the inspection date in Tampa a price contract at with outside
our Finally, Pipeline through we managing in of many are the impact currently markets. cyberattack Colonial
some have and product news. they -- widespread another, our with to many service, to pipeline has some This yesterday on are out petroleum loading facilities. when confirmed in welcome markets, these generate continue received -- overnight. the terminals that operations operations our that our market our loading The Georgia But we afternoon We are starting X of in and calls experiencing of revenue. were is and in I runs announced drivers outages from diverted product product events, X shortages
our takes will interest to it be will inventories the over distribution to the for resupply depending to long any in working build we questions. for next entertain your network.
Thank back customers all petroleum company, again week We and happy be how of or on so, you our
