Keyword
financials
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Titanium posts strong Q3 earnings
BOLTON, Ont. – Titanium saw its revenue climb 42% in the third quarter, while netting a profit of $1.1 million. Truck transportation EBITDA climbed 59% to $4.2 million in the quarter, while the logistics segment came in at $1.4 million,…
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Mullen Group achieves record trucking profit
OKOTOKS, Alta. – Mullen Group’s trucking and logistics segment achieved record revenue and profit in the third quarter. The segment now makes up about 70% of Mullen Group’s revenue, a stark contrast to its traditional model where it represented about…
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TFI International posts strong Q3 results
MONTREAL, Que. – TFI International capitalized on a strong trucking environment in the third quarter, posting its second straight quarter of record operating results. Operating income was up 107% year-over-year, at $125.1 million. The company brought in $1.29 billion in…
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Navistar’s Q3 results reflect strong truck market
LISLE, Ill. – Navistar has announced a US$170-million profit for the third quarter, on revenues of $2.6 billion. This despite acknowledging an impact of supplier constraints that delayed deliveries and impacted volumes. Revenues were up 18% year-over-year, mostly due to…
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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…
