Dynamex, Inc. (NASDAQ:DDMX) has released the financial results for the first quarter earnings for 2010. The company’s first quarter net sales reached a total of $99 million, with a net income of $0.31 per fully diluted share. The company also reported a reduction of employee costs by 12.9% due to cost reduction of initiatives and management restructuring.
Dynamex sales were $99 million for this quarter, representing13.9% of the year over year decrease due to lower core sales a lower fuel surcharges. 9.1% of the decline is accounted for by the decrease in core sales. To read the full financial report, visit http://www.dynamex.com/.
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Dynamex Inc. (Dynamex) is a provider of same-day delivery and logistics services in the United States and Canada. The Company operates in the same-day delivery services segment, with two primary service offerings: same-day on-demand delivery services, and same-day local and regional distribution services, including outsourcing services, such as fleet management and facilities management. Through its network of business centers, the Company provides same-day, on-demand, door-to-door delivery services utilizing its ground couriers. For many of its inter-city deliveries, the Company uses third-party air or motor carriers in conjunction with its ground couriers to provide same-day service. In addition to on-demand delivery services, the Company offers local and regional distribution services, which encompass recurring, often daily, point-to-point deliveries or multiple destination deliveries that often require intermediate handling.
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