During a bifurcated bench trial, the circuit court of Du Page County first found defendant liable for breach of contract. Plaintiff appeals from the damages award. We affirm in part and reverse in part and remand.
Defendant is in the ready-mix concrete business.
Plaintiff was a bulk hauling company. In 1975, defendant and plaintiff signed an exclusive hauling agreement giving plaintiff the exclusive right to haul bulk cement and additives from cement manufacturers to defendant's plants located in the southern suburbs and south side of Chicago. The agreement ran from June 1975 to June 1981 and included two two-year options by which plaintiff could extend the contract. Plaintiff hauled bulk cement for defendant during the life of the contract. In 1980, plaintiff chose to exercise its option to extend the hauling contract.