Roadway Expects Sales Boost on Rival’s Woes

Roadway Corp. said a Chapter 11 bankruptcy filing by a major rival may help Roadway’s sales jump 30% this quarter.

Roadway, the second-largest U.S. trucking company, expects an influx of orders from Consolidated Freightways Corp. customers to increase sales in its fourth quarter from the $867.5 million it posted in the period last year. Its third quarter ended too soon for Roadway to benefit from Consolidated’s Sept. 3 bankruptcy filing, a Roadway spokesman said.

Net income fell 15% in the quarter ended Sept. 7 to $6.9 million, or 36 cents a share. Sales climbed 14% to $721.3 million, helped by regional truckers bought in November.

Roadway shares climbed $3.97 to $34.87 on Nasdaq.