Keyword
Titanium
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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…
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Titanium gives drivers a raise
BOLTON, Ont. – Titanium Trucking Services has announced it is increasing driver and owner-operator pay, to help achieve its growth plan for 2018. Owner-operator rates are increasing by 5% of revenue and company drivers will get up to a six…
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‘This is the time’ for acquisitions: Titanium
BOLTON, Ont. – Titanium Transportation Group’s Q3 earnings were actually a tale of two quarters. In the first half of the quarter, a slumping U.S. dollar negatively impacted revenue from U.S.-based customers, while the second part of the quarter saw…
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Better rates, volumes offset by weaker U.S. dollar: Titanium
BOLTON, Ont. – Titanium Transportation Group reported stronger third quarter revenue and improving volumes, but profits were negatively affected by the weakening U.S. dollar. Still, the company is optimistic trucking conditions will improve in the months to come. Titanium revenue…
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Titanium buys Xpress Group
WINDSOR, Ont. – Titanium Transportation Group has announced its acquisition of Xpress Group, a Windsor-based van and flatbed carrier. The deal consisted of $3.1 million in cash, $420,000 worth of Titanium stock, and the assumption of $5.2 million in debt.…
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Improving trucking conditions enabling organic growth: Titanium
BOLTON, Ont. – As Titanium Transportation Group continues to evaluate acquisition opportunities, it is taking advantage of what it sees as a changing business environment that’s conducive to organic growth. Growing organically has been all but impossible in the trucking…
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Titanium posts Q2 profit on rising revenue
BOLTON, Ont. – Titanium Transportation Group posted record results in the second quarter, growing revenue 9% and recording a net profit of $300,000. Revenue came in at $32.8 million, while EBITDA climbed 7% to $3.4 million. During the quarter, Titanium…
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Titanium looks to roll out share purchase plan
BOLTON, Ont. – Titanium Transportation Group wants its employees and owner-operators to also be owners. The company announced this morning it is implementing a share purchase plan for the company’s employees and owner-ops, pending shareholder approval at its annual meeting…
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Overcapacity remains, but ELD mandate will help: Titanium
BOLTON, Ont. – Overcapacity and pressure on pricing made 2016 a challenging year for Titanium Transportation, but the stage is now set for it to resume its growth. Ted Daniel, CEO of Titanium, addressed analysts last week to discuss 2016…
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Titanium rolling out BlackBerry Radar
WOODBRIDGE, Ont. – Titanium Transportation is the latest fleet to commit to BlackBerry’s Radar trailer tracking platform. Titanium announced it will be deploying Radar across its entire trailer fleet in an effort to increase revenue per trailer and improve profitability.…
