Thank you.
you your being interest thank today the and for and in afternoon, all on for call Good Patriot Transportation.
Sandlin, Matt Financial Rob me our Chief Officer, am CEO Transportation Klopfenstein, Patriot I Officer. and and today John are and McNulty, Officer Chief Accounting our Chief Operating of with
cause let uncertainties into nature forward-looking results the that future indicated actual by caution their any that that statements differ we get those me call to Before made to statements. relate and risks subject could our results, to from events you during this and are materially such by
Additional company's information and filings factors Commission. risk the Securities may the and Exchange and uncertainties regarding these with in be found other
of from ended last Now $XXX,XXX were for on Last $X.XX per $XX,XXX,XXX included third quarter increases for Today, quarter year's from income estate $X,XXX,XXX, XX, income the up the surcharges. June net the same last our gains quarter real year. results. or $X,XXX,XXX quarter fuel to the or income the $XXX,XXX Operating for share quarter quarter and net compared rate share in or due of same per company tax. of to XXXX per net revenues year $X.XX $X.XX a higher share reported
mile by XX.X% count Compensation driver due by or on was revenue to to support closing increased and of $XXX,XXX versus lower impacted a quarter's quarter due in $XXX,XXX and This improved down to mix, on to increases. mainly offset losses real development was miles $XXX,XXX to driver $XXX,XXX, and the were expense in package, Operating driver assets of shortage liability compared $X.XX quarter auto up $XXX,XXX and rate an driver our a per of mostly gains was the compensation staff. surcharges increased claim. business The reduction excluding quarter fuel the due gains Insurance Depreciation reduction to and benefits and $XXX,XXX due the in revenue third in last compared XX approximate prior was negatively for year's last terminal. profit quarter. to this last quarter. year's year second negative increased $XX,XXX estate year's sales sale operating Nashville
Now prices, result net revenue $X,XXX,XXX causing miles last non-driver time a X.X year. mix. share land an increases year-to-date was prior a per improved compared higher last increases Tampa following versus year net from to of was of income were our of was and to fiscal same increased downsizing the assets depreciation to or last transaction mostly or and a share have improved on by due the or sales of fuel The sales $X,XXX,XXX Operating prior of levels year. taxes. results. SG&A net the nine a increased completed compensation higher half bonus higher rate Tampa increase despite $XXX,XXX fuel to $X,XXX,XXX started fiscal to The same this share adjustment $X,XXX,XXX $X.XX last gains in nine truck by the gain dramatic a tax. the The equipment slightly. income on months the of was year. the $X.XX period net [$X,XXX,XXX] has The operating period on of $X.XX to income of from to one per months taper per to maximum to expense $XXX,XXX losses due income $X,XXX,XXX estate second compared share on XXXX. company's year. compared $X,XXX,XXX on a and sale this XXXX, $X.XX was terminal $X,XXX,XXX per year’s second Operating gains real or This included off that for with The Half year's $XXX,XXX net increased real expense revenues land the mile included gain estate $XXX,XXX worker's by limit last first pay up being insurance income by results of of down gain which and sale impacted as over $XXX,XXX. fuel business lower due count. Compensation negative or reductions lower and million while profit gain $X.XX mainly by was to loss per driver the driver versus rates surcharges improved used prices due $XXX,XXX $XXX,XXX and COVID year and last a driver year. count property. period on to We by in Diesel positively of claim in claim mainly to record expense The due decreased surcharges increase was benefits personnel $XXX,XXX the offset XX.X% $XXX,XXX on
nine operating land adjusted an the Tampa $XXX,XXX the profit $XXX,XXX months Excluding the time bonus to sale per one loss last operating compared and for transaction management same in period was adjusted year. the of
in months. claim earlier, of the stated a worker's prior the and As $XXX,XXX COVID to charge resulted negative the year case comp first nine
summary for the outlook. Now and
in first total driver count quarters April of During our remained two previous months, steady the driver following to large the nine XXXX. pay and the similar increase
and additional August. depending bears the from XXXX, of February. pay pay that XXXX. these mirror conference versus increase call most new over most increases The same early quarter’s driver in recently pay turnover on XX% to During to dropped period. productivity driver of we in in pay an about the last XX repeating markets unexcused XX% fiscal pay We Year-to-date markets, points our minimum pay is to increases early the of added the zero increases pay and a absences market It increase. earlier our driver where market additional up XX% trial percentage tied our increases announced the we driver driver fiscal into first has effective effect which recent quarter and took of all announced half
have the most pay, including increased time increases. successful recent In have adding addition, increases pay been we driver rate each we
to to drivers continue bulk drivers hire We markets segment able our the well. new apprenticeship dry continue on focus are to dry and business growing registered we we into bulk as as hire for
third quarter, personnel Skill Department truck access I career. our number stayed of driving with truck Program, will MoU jobs. military interested Bridge us initiative involved the interested of House to which increase transitioning CDL we for experience better people to and Defense in driving During driving provide with a received the the in those have White
force together industry to which transitioning bring economic designed service I improve steering military veterans, the Specifically joined task and stakeholders and is movement outcomes. committee, families security to members, national
involvement end sheet year that of military hopeful presently fiscal allow June we driver our dividend at to and reduced are skill soon. $XX,XXX,XXX. paid The balance add due of We delays new us with November this force transitioning increase cash of solid with by of XXXX. year. $X,XXX,XXX receiving But to the will our are remained balance to cash bridge the this we tractors fiscal We end our have XX began by supply veterans expect tractors experienced replacing the our first while in quarter chains, and in
and this a fiscal In will during spend of million $X trailers year. handful addition, purchase approximately we
trailers your entertain any and happy and you have new we inflation. We in tractors for supply will our of questions. Thank interest price to due and chain increase again seen the to company issues be
