Business Management Mullen discusses “messy” results April 26, 2018 OKOTOKS, Alta. – “Disappointing” and “messy” were a couple of the words Mullen Group CEO Murray Mullen used to describe the company’s first quarter, but he remains optimistic about the…
Business Management Navistar posts Q1 loss, predicts “breakout year” March 8, 2018 LISLE, Ill. – Navistar reported a net loss of US$73 million in the first quarter, but raised its full year 2018 guidance and grew its revenue 15% to $1.9 billion…
Business Management Market conditions will drive strong organic growth: Titanium March 6, 2018 BOLTON, Ont. – Titanium Transportation Group grew total revenues by 24% year-over year in the fourth quarter, to $35.4 million. It also increased its EBITDA 14% to $3.5 million, and…
Business Management U.S. turnaround underway: TFI’s Bedard February 21, 2018 TFI International expects improvements in U.S. truckload, P&C segments
Equipment Navistar posts Q2 loss, projects improving conditions June 7, 2017 LISLE, Ill. – Navistar this morning reported a second quarter net loss of U.S. $80 million on revenues of $2.1 billion. The company said it expects truck sales to improve…
Business Management Titanium posts stronger Q1 revenues May 10, 2017 Management “cautiously optimistic” about remainder of the year
Business Management Optimism returning to oil and gas industry: Mullen April 24, 2017 OKOTOKS, Alta. – Mullen Group reported improved revenue in the first quarter of 2017 in both its trucking/logistics and oilfield services segments, but the markets remain “fragile,” according to chairman…
Business Management TFI International posts Q4 gains February 16, 2017 Bedard "cautiously optimistic" about improving economy
Equipment Navistar posts Q4 loss December 21, 2016 LISLE, Ill. – Navistar posted a fourth quarter loss of US$34 million on softer revenues resulting from a softening Class 8 truck market. Charge-outs were down 18% compared to Q4…
Business Management Titanium earnings improve year-over-year November 16, 2016 CEO Ted Daniel doesn’t see overcapacity situation changing soon
Transportation Navistar posts Q3 loss September 8, 2016 LISLE, Ill. – Navistar has posted a Q3 loss of US$34 million on revenues of $2.1 billion. That’s compared to a Q3 loss of $28 million last year. Excluding one-time…
Business Management Mullen Group grows profits despite “pretty deep recession” in Alberta July 21, 2016 OKOTOKS, Alta. — Mullen Group posted second quarter earnings that exceeded analyst expectations, even on shrinking trucking revenues. Total revenue came in at $247 million, down 13.3% from last year’s…
Business Management Titanium Transportation Group doubled size in 2015, plans more growth April 6, 2016 WOODBRIDGE, Ont. — Titanium Transportation Group announced its earnings for 2015 this morning, a year in which it doubled its size and substantially grew revenues. The company completed two acquisitions…
Equipment Despite Q1 loss, Navistar to aggressively update product line March 8, 2016 LISLE, Ill. — Navistar reported a net loss of $33 million (all figures US) in the first quarter of 2016 on revenues of $1.8 billion. That’s down from a net…
Business Management TransForce to focus on share buyback rather than acquisitions: Bedard February 12, 2016 MONTREAL, Que. — Don’t expect any major acquisitions from TransForce during the first half of 2016. Alain Bedard, chairman and CEO of Canada’s largest trucking firm, says buying back TransForce…
