Keyword
financials
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Stronger pricing, ability to attract drivers keys to Titanium’s success
BOLTON, Ont. – Improving rates and the ability to add capacity in a driver-starved market were two of the reasons Titanium Transportation Group was able to achieve record revenue and profit in the second quarter. Speaking to analysts about Q2…
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Titanium reports record quarter
BOLTON, Ont. – Titanium Transportation Group rode a strong trucking market to record results in the second quarter. The company reported revenue of $51.8 million, marking a year-over-year increase of 58%. Net income was $2.2 million, or double the previous…
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TFI International improves margins, profit
MONTREAL, Que. – A strong trucking market allowed TFI International to boost its margins and profits in the second quarter. The company reported Q2 net income of $80.4 million on revenue of $1.32 billion, an increase of 4%. “Our consistent…
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Trucking business drives Mullen’s Q2 growth
OKOTOKS, Alta. – Mullen Group’s increase in revenue was “all on the back of the trucking/logistics segment,” according to chairman and CEO Murray Mullen when discussing Q2 results with analysts today. The company’s trucking/logistics segment achieved its highest ever quarterly…
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Mullen reports record trucking/logistics revenue
OKOTOKS, Alta. – Mullen Group reported record revenue for its trucking/logistics segment in the second quarter, up 19.8% year-over-year to $219.4 million. Its total revenue was $295.7 million, an increase of 8.1%, but its oilfield services revenue was down $14.1…
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Titanium achieves record quarter
BOLTON, Ont. – Titanium Transportation Group reported record earnings in the first quarter. Its consolidated revenue was up 53%, to a record $45.5 million, while its consolidated EBITDA also reached a record at $5 million, up 71%. Its logistics EBITDA…
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Mullen reports record trucking/logistics revenue
OKOTOKS, Alta. – Mullen Group reported record first quarter revenue for its trucking/logistics segment, but continues to face headwinds in its oilfield services division. The company generated consolidated revenue of $292.1 million, up 2.5%, thanks to record revenue in trucking/logistics,…
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TFI boosts profit, creates last mile segment
MONTREAL, Que. – TFI International reported stronger earnings during the first quarter, thanks to improved truckload operations. Total revenue of $1.2 billion was flat compared to Q1 2017, but the company said this was due to currency exchange rates and…
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Celadon to restate prior financials, likely to be delisted
INDIANAPOLIS, Ind. – Celadon Group announced yesterday that its financial statements for the fiscal year 2016 and the quarters ended Sept. 30, 2016 and Dec. 31, 2016 remain under internal investigation. The company also reviewed its current and historical accounting…
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Acquisitions drive TFI’s Q4 revenue growth
MONTREAL, Que. – TFI International grew its Q4 net income and revenue from continuing operations, during a quarter of transition. The company reported Q4 revenue of $1.06 billion, up 2% year-over-year, and net income from continuing operations of $120.2 million.…
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Investments paying off for Titanium’s logistics division
BOLTON, Ont. – Titanium Transportation Group says its logistics division achieved record monthly sales in January. The company reported the division brought in more than $5.5 million in the month, thanks to increased sales, operational, and technology initiatives. “Our logistics…
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Better rates, volumes offset by weaker U.S. dollar: Titanium
BOLTON, Ont. – Titanium Transportation Group reported stronger third quarter revenue and improving volumes, but profits were negatively affected by the weakening U.S. dollar. Still, the company is optimistic trucking conditions will improve in the months to come. Titanium revenue…
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Mullen reports record trucking revenue
OKOTOKS, Alta. – Mullen Group grew third quarter net income by 48% to $26 million on record trucking/logistics segment revenue of $190.7 million. Mullen Group revenue was up 9.8% to $283.9 million. The increase in trucking/logistics revenue was largely due…
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Titanium grows revenue, EBITDA
BOLTON, Ont. – Titanium Transportation Group posted a net loss of $62,091 in 2016, but grew its revenue 6% and improved its EBITDA slightly over the previous year. The company says it generated $116.6 million in revenue in 2016, a…
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Navistar posts Q1 loss as Class 8 market faces headwinds
LISLE, Ill. – Navistar reported a US$62 million net loss in the first quarter of 2017. Revenues were $1.7 billion, down 6% year-over-year, due to weaker truck sales in the overall Class 8 market. “Our results are on track with…
