ROADWAY EXPRESS NET INCOME UP 29 PERCENT

ROADWAY EXPRESS NET INCOME UP 29 PERCENT

   Roadway Express has reported a 29-percent increase in second-quarter net income, to $9.87 million, from $7.62

million for the year-earlier quarter.

   Revenues for the second quarter were $707.36 million, up 13.9 percent over the $621.12 million for the second

quarter of 1999.

   Total tonnage was up 6.9 percent, less-than-truckload tonnage was up 8 percent and truckload tonnage rose 2.1

percent. Revenue per ton for the quarter increased 6.6 percent, while operating expenses rose 6.2 percent.

   “This is our third quarter of double-digit top-line growth,” said Michael W. Wickham, chairman and chief

executive officer of Roadway Express. “During the quarter our regional LTL revenues increased 16 percent and

our specialized market offerings grew 21 percent. This reflects the success of our strategy to penetrate the

more profitable and faster growing regional markets.”