thank for for Transportation. your and call on afternoon and today interest Good you being all the X:XX in Patriot
am our of today CEO our Chief Officer, Rob and Klopfenstein, I me Officer. with and Patriot John are Financial Chief Transportation McNulty, Accounting and Operating Matt Sandlin,
could results, and get their such actual to you the those cause are me by that uncertainties call any to Before we from let this relates X:XX statements subject forward-looking that risks to nature that into our events materially and caution made during results statements. future differ by indicated
income the turnover and increases offset pay cost driver higher margin. was to quarter plan impacted $XXX,XXX were largely reduction continued offset fuel negotiated to of year. Operating Additional results. quarter the customers count the factors and share company's risk the prices. per quarter last or first Today in by downsizing XXXX, freight $X.XX information for to profit Exchange customer for and a in That ended negatively one the with a be Now quarter to driver the the other year's Securities due This of in company $X.XX and same and reported quarter shortage driver found rates pay, $XX,XXX,XXX, cents the last and year. regarding filings compared the these net X:XX first our Commission. negative quarter uncertainties same December first improved versus up quarter $XXX,XXX revenues other last or X:XX for may our from transportation XX, loss per with of freight increased cost year's $X,XXX,XXX share quarter higher
excluding compensation X:XX Insurance support and mile from lower was driver $XXX,XXX, and and significant due $X.XX, to quarter Compensation down mostly and $XXX,XXX bonus reduction first in claims certain primarily due expense operating Benefits increases. rate quarter summary year, management the team to in with this care prior corporate offset two to quarter, staff. adjusted mixes. the an a X:XX of revenue the lower across an transaction SG&A related decreased a the $XXX,XXX terminal driver XX.X% operating on same years to last of were operating profit in loss compared Gain Gain Tampa versus same sale. $XX.X of Now sale last and we of of and $X,XXX,XXX, sale year. $X,XXX,XXX in this last the quarter, quarter versus was $XXX,XXX sale one-time an our X:XX year. and transaction $XX,XXX to increased increased count pleased property to was Depreciation improved members the the package, due get terminal by which health reduce business line was land on mix mainly finish X:XX a quarter Our or was losses per a of $XXX,XXX size. continue to year $XX,XXX were higher after loss this including one-time as outlook. expense product for $XXX.X management of the ratio due Tampa, we quarter, Adjusted equipment our fleet for Florida, sale up the Tampa and many our bonus. the operating effort. to Operating of of was the profit
two pay remained driver the fairly flat first quarters the large increase similar XXXX. the During quarter, count previous in April of following and to our driver
of increases remainder addition, first went to some account new for minimum the which throughout pay, market all XX%. increases the cost and driver increases to of pay up of additional and range X:XX added our April's also During early been XX% than increases of CFO the all cover a at pay quarter rate second of XX% quarter. of McNulty our is successful announced last this all added which on most February our the occurred additional COO majority first a of to markets, quarter, increases and end Operations the Matt adding of this responsibility XXXX. depending X:XX last we pay increased with has in a driver VP our the pay more this of becoming In we have in effective effect as driver retired quarter. taking taken driver into summer, on in quarter, place with These
made able cost that our eliminate best not will do replaced utilize we will to other moves have personnel so. We are to where continue and people be and we
dry continue Labor We hired business both there our first We our for are of our as the have apprenticeship two, bulk these first hauling as of in water and in registered segments. to bulk partnered Department dry focus on two and drivers effort with solution growing to DOT the opportunities we DOL, at shortage Truck along continue X:XX and to us and the senior driver with our have for expand hiring made Association to with industry. National I Tank work long-term DC and trips Carriers multiple the Washington the staff DOD on base. an
of November to creative while October generated our of balance the the million Tampa after cash and the in our have recruiting training, be reduced by and cash keeping safest drivers in X:XX efforts paid hiring available. on The $X.X $XX,XXX,XXX. property dividend will our We focus tax sale in
due depreciation, fiscal capital these of our first buying your in some replacement quarter approximately We company. handful tractors and Following while supply a December will of be entertain with we lease to right interest any minutes use of of the for a And you our two amortization X:XX XXXX. happy approximately and replacing expenditures this chain solid excluding of we of balance million positive of in track anticipate XX, trailers $X $X.X during tractors, sheet are cash with and fiscal questions. Thank as the seeing million again XX began million and delays $X.X issues, to quarter, year remains we operating year.
