| Business Summary | | Matlack
Systems,
Inc.,
together
with
its
subsidiaries,
is
a
bulk
transportation
company
that
provides
transportation
of
bulk
commodities
in
tank
trailers
and
tank
containers
to
chemical
and
dry
bulk
shippers.
In
conjunction
with
bulk
transportation,
the
Company
also
provides
intermodal
transportation
services,
tank
cleaning
services,
intermediate
bulk
and
ISO
container
cleaning
services,
logistics
management
services
and
dedicated
contract
carriage
services
to
the
chemical
industry.
In
March
2001,
the
Company
filed
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Matlack
Systems,
Inc.
is
a
bulk
transportation
company
that
provides
transportation
of
bulk
commodities
in
tank
trailers
and
tank
containers
to
chemical
and
dry
bulk
shippers.
For
the
six
months
ended
3/31/01,
revenues
fell
21%
to
$76.6
million.
Net
loss
from
continuing
operations
rose
49%
to
$11.4
million.
Revenues
reflect
the
weak
demand
in
the
domestic
chemical
industry.
Higher
loss
also
reflects
higher
interest
paid
for
revolving
credit
agreement. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Rollins, Jr., 58 Chairman | $60K | Michael Kinnard, 42 Pres,
CEO | 306K | Patrick Bagley, 53 VP-Fin.,
Treasurer, Director | -- | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|