Celadon Group Inc. reported unaudited consolidated earnings results for the three months ended September 30, 2016. For the quarter, the company's total revenue was $265,040,000 compared to $266,121,000 a year ago. Operating loss was $1,309,000 compared to profit of $21,172,000 a year ago. Loss before income taxes was $4,535,000 compared to profit of $17,920,000 a year ago. Net loss was $2,852,000 compared to profit of $11,367,000 a year ago. Diluted loss per common share was $0.10 compared to earnings per common share of $0.41 a year ago. The decline in net income and earnings per share for the September 2016 quarter was attributable primarily to three factors. The large component was an approximately $12.0 million, or 28 cents per diluted share, decline in gain on disposition of equipment. This decline related to discontinuing sales of new equipment by Quality Companies subsidiary, which sold zero new units in the September 2016 quarter, sale of fewer tractors and trailers formerly used in trucking operations, and lower gain on sale per unit due to a weak market for used revenue equipment. The company also saw increased equipment costs, largely related to rents associated with sale leaseback transaction that was completed in the June 2016 quarter. Finally, lower revenue per total mile (excluding fuel surcharges), resulting from a competitive market, less effectively covered fixed costs, and generated lower variable cost margin.