Keyword
financials
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Overcapacity creating challenges, opportunities: Titanium
BOLTON, Ont. – Overcapacity and softening rates are creating headwinds for carriers, but also opportunities, as merger-and-acquisition (M&A) opportunities become more attractive. That was the message from Ted Daniel, CEO of Titanium Transportation Group, when he addressed investment analysts on…
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Titanium eyes further growth in the U.S.
Mixed Q1 results reflect changing market dynamics
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TFI International posts record Q1 results
MONTREAL, Que. – It was a record first quarter for TFI International, which posted a profit of $65.1 million, up sharply from a $48.2 million profit during the same quarter last year. It achieved record operating income of $106.3 million,…
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Titanium reports strong results, pays down debt
BOLTON, Ont. – Titanium Transportation Group capped off a strong fourth quarter and full year, growing Q4 revenue 20% and recording a net income of $1.3 million. For the full year, Titanium saw revenue climb 43% to $184.8 million and…
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Four takeaways from the TFI International analysts call
MONTREAL, Que. – TFI International posted record fourth quarter results on Feb. 27, and CEO Alain Bedard expanded on the company’s operations and industry trends in a customary conference call with analysts this morning. Here are some key takeaways from…
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TFI International achieves financial milestones
MONTREAL, Que. – TFI International powered through a strong cycle to achieve record fourth quarter and year-end results in 2018. Fourth quarter operating income was up 56% to $103.3 million, and operating margin was up 270 basis points to 8.9%,…
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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…
