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(RTTNews)- Monday, Trailer Bridge, Inc. (TRBR: News, Chart, Quote ), an integrated trucking and marine freight carrier, reported a narrower loss for the second quarter as revenues improved 14.7%. The increase in revenues, however, were offset by sharply higher fuel costs.
Net loss for the quarter narrowed to $329 thousands or $0.03 per share narrowed from $1.9 million or $0.16 per share in the prior-year quarter.
Operating revenue for the quarter rose by 14.7% to $33.9 million, from $29.6 million in the prior-year quarter. Excluding the effect of fuel surcharges, revenue increased 8.4% from the year ago quarter. Southbound container volume was up 6.5%, car and other vehicle volumes were up 12.9% and northbound container volume was up 41.6%.
Operating income for the quarter was $2.2 million, compared to $5.3 million in the similar quarter of 2007.
Operating expenses for the quarter increased to $31.7 million from 24.3 million in the prior year quarter. Expenses incurred on account of fuel was $8.1 million, an increase from $3.9 million in the corresponding period a year ago.
The company also had a nominal income tax benefit of $746 for the quarter, while the previous year quarter included an income tax provision of $4.8 million.
The company's deployed vessel capacity utilization was 85.7% southbound and 26.8% northbound, compared to 87.7% and 23.2%, respectively, during 2007.
For the first half, the company's net loss was $2.15 million or $0.18 per share, compared to $0.55 million or $0.05 per share in the prior-year quarter

A tractor-trailer accident tied up traffic on the ramp to 590 south just before 9 a.m. Monroe County Sheriff's Deputies say a truck driver realized too late that traffic had come to stop on the ramp. To avoid rear-ending anyone, he turned the cab and crashed into the guardrail that threw his truck sideways right across all the lanes.
No one was injured and deputies say the driver avoided a much more serious accident by cranking the cab

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