Titanium reports record first half, days after graduating to the TSX

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…

TFI posts strong Q2 results

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…

Mullen Group posts record Q2 results, sees no sign of ‘freight recession’

Mullen Group enjoyed a record second quarter, with revenue soaring 67% to $521.5 million, and profit nearly doubling to $42.7 million year over year. The strongest gains came in the…

Titanium posts record Q1 results

Titanium Transportation smashed its revenue record in the first quarter, generating $136 million and producing $5.97 million in profit – a 410% year-over-year increase. Truck transportation revenue was up 26%…

TFI upgrades outlook, unlocking more potential from TForce Freight

TFI International entered this year in the best position in the company’s history, and is only scratching the surface when it comes to unlocking the value from last year’s acquisition…

TFI International off to ‘strong start’ as TForce Freight drives revenue growth

TFI International posted US$2.19 billion in Q1 revenue – a 91% year-over-year increase – while also growing net income 121% to $147.7 million. “The year is off to a strong…

Mullen Group overcomes challenges to post record Q1 revenue

Mullen Group overcame a variety of challenges in the first quarter to post record revenue as well as improved year-over-year profits. Border blockades, high absenteeism associated with Covid, and significant…

Titanium achieves record revenue, but acquisition-related costs weigh on profit

Titanium Transportation achieved record revenue of nearly $400 million in 2021, lifted by acquisitions and a strong freight market. But its profit slipped in the fourth quarter to $1.36 million,…

TFI International earnings boosted by UPS Freight acquisition

TFI International saw earnings soar in the fourth quarter, thanks in part to its “transformational acquisition” of UPS Ground Freight, the company announced Feb. 7. “During the fourth quarter, our…

Lion Electric’s order book swells, but supply chain challenges limit production

Lion Electric delivered another 40 vehicles in the third quarter, and earned revenue of $11.9 million – a $9.3 million jump from the same quarter a year ago. The Quebec-based…

TFI soars to record revenues, despite challenges getting trucks and drivers

TFI International saw revenue and profits surge in a record third quarter, as it began to see benefits from its major acquisition of UPS Freight. Net income grew 60% to…

Acquisitions drive Mullen Group to record quarterly revenue

Mullen Group achieved its best ever quarterly revenue in the third quarter, bolstered by recent acquisitions. “Very pleased to report that we have achieved record revenues for the quarter, in…

Lion Electric grows order book, delivers 61 vehicles in Q2

Lion Electric delivered 61 vehicles in the second quarter, up from 22 in Q2 2020, growing its revenue to $16.7 million. The fledgling electric truck and bus maker saw its…

Titanium posts record Q1 revenue

Titanium Transportation reported record first quarter revenue of $85.7 million, a year-over-year increase of 93.3%. “Q1 was another quarter of milestones for Titanium. We delivered record quarterly revenue, completed a…

TFI International posts strong Q1, prepares to close UPS Freight deal

TFI International’s blockbuster acquisition of UPS Freight couldn’t have been timed better. The division achieved record Q1 earnings, with UPS’s Supply Chain and Freight Group more than doubling profits. But…