United Road Towing reports $18,779 April operating loss; revenue down

By Caroline Salls

Pittsburgh, May 24 – United Road Towing, Inc. reported an $18,779 operating loss for April on $3.72 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed a decline from the $172,874 of operating income posted for March on $7.78 million in revenue.

The net loss for April was $2.09 million, widening from a $1.07 million March net loss.

The company had $1.8 million in cash and cash equivalents as of April 30.

United Road is a Mokena, Ill.-based towing, recovery, impound and vehicle management solutions company. The Chapter 11 case number is 17-10249. It filed for bankruptcy on Feb. 6.

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