Business Management Titanium earnings slide as trucking conditions normalize August 15, 2023 Titanium is the last of Canada’s publicly traded companies to report Q2 earnings, and like its peers it was unable to match record year-ago numbers. Consolidated revenue totaled $100.4 million,…
Equipment Lion Electric doubles Q2 revenue, has 1,400 vehicles on the road August 3, 2023 Lion Electric reported record revenue in the second quarter of $58 million (all figures U.S.), nearly double the same period last year. It recorded a net loss of $11.8 million.
Business Management Mullen’s revenue, profit slide compared to a year ago July 20, 2023 Mullen Group’s Q2 revenue and net income slid as freight demand softened and pricing normalized. The company reported $494.3 million in revenue for the quarter, down 5.2%, year over year,…
Business Management Mullen bucks trend with record Q1 earnings April 27, 2023 Mullen Group has bucked a trend among publicly traded fleets by recording record Q1 earnings, including a 9% increase in revenue and 93% surge in net income. Senior executive officer…
Business Management TFI earnings fell in Q1, but market conditions creating M&A opportunities April 26, 2023 TFI International suffered declines in revenue and net income in the first quarter, but feels optimistic conditions are ripe for a meaningful acquisition later this year. The company posted Q1…
Business Management ‘Offense is best defense’ in slowing economy: Titanium CEO March 14, 2023 Titanium Transportation ended 2022 with a 24% increase in revenue to $496 million, and net income of $22.8 million, a 394% increase even after weathering Q4 challenges such as rising…
Business Management Mullen posts record Q4, turns focus to cost controls and productivity improvements February 9, 2023 Acquisitions, fuel surcharges, and rate increases pushed Mullen Group’s Q4 revenue and net income to record highs. “It took a total team effort, some very favorable market conditions, and a…
Business Management TFI International posts Q4 results, discloses position in ArcBest February 7, 2023 TFI International grew profits to $153.5 million (all figures US) in the fourth quarter, a 6% jump year over year on lower revenues of $1.96 billion, down from $2.14 billion.
Equipment Cummins revenues buoyed by Meritor acquisition February 6, 2023 The acquisition of Meritor added US$1.2 billion (all figures U.S.) to Cummins’ Q4 revenue, driving revenue to $7.8 billion with a $631-million profit. Excluding Meritor’s contribution in its first complete…
Equipment Lion continues to ramp up electric truck deliveries November 10, 2022 Lion Electric posted a net loss of $17.2 million in the third quarter, but continued to increase deliveries of its electric trucks and buses. It generated revenue of $41 million,…
Business Management Titanium achieves record Q3 results, despite softening market conditions November 8, 2022 Titanium Transportation grew consolidated revenue 11.5% year over year in the third quarter, to $113.4 million. Logistics segment revenue inched up 0.3% to $59.6 million while truck transportation revenue grew…
Business Management TFI’s Bedard unfazed by slowdown: ‘We like a storm’ October 28, 2022 TFI International grew revenue and profit in the third quarter, in the face of “broader macro uncertainty.” Profit increased 86% year over year to $245.2 million (all figures U.S.) in…
Business Management Mullen reports record Q3 earnings, maintains positive outlook October 20, 2022 Record third quarter earnings at Mullen Group were not telling of a cratering economy, and chairman and senior executive officer Murray Mullen anticipates a strong close to the year before…
Business Management Titanium reports record first half, days after graduating to the TSX August 9, 2022 Titanium Transportation Group saw its net income explode more than 700% year over year in the second quarter, while achieving record first half results. Its consolidated revenue jumped 35.1% to…
Business Management TFI posts strong Q2 results July 30, 2022 TFI International posted a strong second quarter as it continues to improve the efficiency of TForce Freight through a reshaping of its network. Adjusted net income was up 76% to…