Higher Purchased Transportation News

Trailer Bridge, Inc. reported financial results for the third quarter ended September 30, 2002 highlighted by significantly reduced losses and an improved financial condition. The effects from what is anticipated to be continuing improvements in market conditions in the Puerto Rico lane is having a more pronounced effect on fourth quarter results than in the third quarter. The discontinuance of the direct Northeast service at the end of last year, while significantly reducing costs, reduced revenues in Q3 2002 and led to an overall reduction in vessel capacity deployed of 20.4% this quarter when compared to the third quarter of 2001.

Trailer Bridge, Inc. reported financial results for the third quarter ended September 30, 2002 highlighted by significantly reduced losses and an improved financial condition. The effects from what is anticipated to be continuing improvements in market conditions in the Puerto Rico lane is having a more pronounced effect on fourth quarter results than in the third quarter. The discontinuance of the direct Northeast service at the end of last year, while significantly reducing costs, reduced revenues in Q3 2002 and led to an overall reduction in vessel capacity deployed of 20.4% this quarter when compared to the third quarter of 2001.