Keyword
Titanium
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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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Fu named CFO at Titanium
BOLTON, Ont. – Alex Fu has been named the chief financial officer of Titanium Transportation Group after four months in the interim role. Fu has served as director of finance since joining the fleet in 2017. “We ultimately felt he…
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Titanium eyes further growth in the U.S.
Mixed Q1 results reflect changing market dynamics
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Titanium launches U.S. subsidiary
BOLTON, Ont. – Titanium Transportation Group has announced its expansion into the U.S., with the addition of a brokerage service based in Charlotte, N.C. This is the first of what will be several locations in strategic U.S. markets, the company…
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Titanium on hunt for new CFO
BOLTON, Ont. – Kasia Malz has resigned from her role as chief financial officer of Titanium Transportation Group, to pursue an opportunity in another industry, the company announced. Her resignation is effective March 15, but she has agreed to help…
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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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Titanium touts recruitment and retention success
BOLTON, Ont. – Titanium Transportation Group says it grew its driver base by 14% in 2018, while limiting driver turnover to 18.6%. In the U.S., driver turnover is often more than 90%. Titanium credits its success to establishing a culture…
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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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Titanium to host BBQ, hiring fair
BOLTON, Ont. – Titanium Trucking Services has announced a driver hiring fair, to be held Sept. 29 for drivers and their families. It will be hosted at 32 Simpson Road in Bolton, Ont., from 9 a.m. until 1 p.m. It…
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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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Titanium achieves record quarter
BOLTON, Ont. – Titanium Transportation Group reported record earnings in the first quarter. Its consolidated revenue was up 53%, to a record $45.5 million, while its consolidated EBITDA also reached a record at $5 million, up 71%. Its logistics EBITDA…
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Market conditions will drive strong organic growth: Titanium
BOLTON, Ont. – Titanium Transportation Group grew total revenues by 24% year-over year in the fourth quarter, to $35.4 million. It also increased its EBITDA 14% to $3.5 million, and completed its acquisition of Xpress Group in Windsor, Ont. It…
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Investments paying off for Titanium’s logistics division
BOLTON, Ont. – Titanium Transportation Group says its logistics division achieved record monthly sales in January. The company reported the division brought in more than $5.5 million in the month, thanks to increased sales, operational, and technology initiatives. “Our logistics…
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David Bradley to join Titanium board
BOLTON, Ont. – Titanium Transportation Group has announced David Bradley is joining its board, as an independent director. Bradley is retiring as the longtime head of the Canadian Trucking Alliance and Ontario Trucking Association. He will assume his position on…
