Business Management Opportunistic Mullen Group sees chance to add LTL density February 15, 2024 Mullen Group’s Q4 revenue edged down less than 1% year over year to $498.6 million, as incremental revenue from acquisitions helped offset lower fuel surcharge revenue and soft freight and…
Business Management TFI International considers inviting other specialized TL players into spinout February 9, 2024 Flatdeck and tanker is in, when it comes to TFI International’s U.S. truckload operations. Van and reefer is out. Speaking on a Q4 earnings call with analysts, TFI International chairman…
Business Management Titanium revenue boosted by U.S. expansion, but market conditions weigh on profits November 15, 2023 Expansion into the U.S. asset-based trucking market helped Titanium Transportation boost revenue 14% in Q3 compared to the previous quarter, as its acquisition of Crane Transport will generate about US$60…
Equipment Lion Electric delivered 245 vehicles in Q3, 268 trucks on order books November 7, 2023 Lion Electric nearly doubled revenues in the third quarter, up $39.4 million to $80.3 million (all figures U.S.) on deliveries of 245 vehicles. However, the company posted a net loss…
Business Management Cost control, efficiency the name of the game for TFI International October 24, 2023 TFI International saw revenues and net income slide in the third quarter, largely due to softer freight volumes and the divestiture of its U.S. truckload business, CFI, last August. Total…
Business Management Mullen posts strong Q3, sees balance returning to freight markets October 19, 2023 Mullen Group shrugged off a freight recession in the third quarter, posting strong Q3 net income of $39.1 million, up 2.9% year over year. Revenue slid 2.8% to $504 million,…
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…