Quiet on the M&A front, Mullen Group may eye U.S. market

Mullen Group may take a closer look at expanding in the U.S., as a stagnant Canadian economy and pricey valuations have tempered the company’s appetite to make a major deal…

Titanium posts record revenues, initiates dividend

BOLTON, Ont. – Titanium Transportation posted record quarterly revenue in the third quarter, benefiting from strong performance by the U.S. logistics operations and improving rates in the U.S. Revenue surged…

Consumers driving economy, though buying habits have changed: Mullen

OKOTOKS, Alta. – Mullen Group saw third quarter revenues drop 10.6% y-o-y to $290.9 million, but net income climbed by $5.7 million thanks to improved operating income before depreciation and…

First truck off Navistar’s San Antonio line will be fully-electric

LISLE, Ill. – Navistar International posted a third quarter net loss of US$37 million, as revenues plunged 45% year-over-year primarily due to the Covid-19 pandemic. “Our fiscal third quarter opened…

Titanium posts strong second quarter as freight volumes rebound

BOLTON, Ont. – Titanium Transportation grew its profit by $400,000 in the second quarter year-over-year, after weathering the storm brought on by Covid-19. Its net income was $900,000 for the…

Diversification helps Titanium maintain Q1 revenue, profitability

BOLTON, Ont. – Titanium Transportation reported its second strongest first quarter for revenue, generating $44.3 million despite economic challenges late in the quarter wrought by the Covid-19 pandemic. Net…

Titanium positioned for ‘transformational’ acquisition

BOLTON, Ont. – After a year of reducing its debt and improving its balance sheet, Titanium Transportation is in a position to potentially double its size through a “transformational” acquisition.

Titanium sets revenue record, but profit slides amid softening market conditions

BOLTON, Ont. – Titanium Transportation Group achieved its highest-ever fourth quarter revenue in 2019, but saw net income slip from $1.3 million to $300,000 year-over-year. “Titanium wrapped up the year…

Titanium eyeing ‘transformational’ acquisition

BOLTON, Ont. – With a healthy balance sheet and downward pressure on freight volumes and rates, the time could be right for Titanium Transportation to make a sizeable acquisition. That…

TFI International posts strong Q3

MONTREAL, Que. – TFI International posted record Q3 results for operating income Thursday, highlighted by a 19% year-over-year increase in the truckload division. The company’s operating income was up 3%…

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…

Titanium eyes further growth in the U.S.

Mixed Q1 results reflect changing market dynamics

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…

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…

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…