Janel World Trade Ltd. reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, revenues were $23,585,132 compared to $26,433,994 a year ago. Loss from operations was $376,479 compared to income of $95,271 a year ago. Loss before income taxes was $414,912 compared to income of $49,481 a year ago. Net loss from continuing operations was $246,912 or $0.01 per diluted share compared to income of $22,122 or $0.00 per diluted share a year ago. Company experienced weaker than expected freight volumes from top customers within transportation logistics segment when compared to the prior year and within food industry segment (which began in April 2011) company incurred a $226,221 operating loss primarily the result of the payment and charge against revenue of $190,900 of slotting fees for the positioning of retail store shelf space in order to place product on the shelves of two major supermarket chains. For the year 2012, company expected improvement in financial results within transportation logistics business segment as the economy improves and plan to continue the expansion of new operating division focused on vertical supply chain services.