Titanium earnings slide as trucking conditions normalize

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,…

Lion Electric doubles Q2 revenue, has 1,400 vehicles on the road

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.

Mullen’s revenue, profit slide compared to a year ago

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,…

Mullen bucks trend with record Q1 earnings

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…

TFI earnings fell in Q1, but market conditions creating M&A opportunities

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…

‘Offense is best defense’ in slowing economy: Titanium CEO

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…

Mullen posts record Q4, turns focus to cost controls and productivity improvements

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…

TFI International posts Q4 results, discloses position in ArcBest

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.

Cummins revenues buoyed by Meritor acquisition

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…

Lion continues to ramp up electric truck deliveries

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,…

Titanium achieves record Q3 results, despite softening market conditions

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…

TFI’s Bedard unfazed by slowdown: ‘We like a storm’

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…

Mullen reports record Q3 earnings, maintains positive outlook

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…

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…