Quality Distribution eliminates 60 jobs, cuts payroll costs by $5 million

The Trucker News Services

4/15/2008

TAMPA, Fla. — Quality Distribution Inc. reported Monday today that it has reduced its workforce. Most of the reductions occurred at the company's Tampa headquarters where approximately 17 percent of the positions were eliminated. The company eliminated approximately sixty positions and expects a reduction in payroll related cost in excess of $5 million dollars annually.

"This was a very difficult decision, but one that was necessary in light of our recent financial performance,” Chief Executive Officer Gary Enzor stated. “We are focused on further cost reductions driven via procurement, increased loaded ratio and improved productivity. …We believe we have the access to capital necessary to not only weather the current economic cycle, but also to pursue our growth plans.

The company also announced that first quarter revenues excluding fuel surcharge were approximately $177 million, an 11 percent increase over last year.

Headquartered in Tampa, Fla., QDI, through its subsidiaries, Quality Carriers Inc. and Boasso America Corporation, and through its affiliates and owner-operators, provides bulk transportation and related services. QDI also provides tank cleaning services to the bulk transportation industry through its QualaWash facilities.