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COMPETITION WATCH: Clarke Inc.s freight segment enjoys Q3 gains

HALIFAX, N.S. -- Clarke Inc. reported its third quarter earnings yesterday, announcing gains in its freight transpo...


HALIFAX, N.S. — Clarke Inc. reported its third quarter earnings yesterday, announcing gains in its freight transportation sector thanks to improved intermodal operations.

The third quarter was the income funds best ever, the company reported.

“The solid results turned in by Clarke to date in 2007 reflect the success that we have had on the investment side of the business and the turnaround that has occurred in our principal freight subsidiaries,” said George Armoyan, president and CEO of Clarke.

EBITDA for the freight transportation segment grew $700,000 during the quarter ending Sept. 30, to $4.5 million. The gains were attributed to improvements under intermodal business leader Dean Cull, chief operating officer for freight transportation services. He took over the segment during the first quarter.

The company is forecasting further improvements in its freight transportation segment.

Mr. Cull has implemented a number of strategies that have yielded significantly improved results – and that we expect to continue doing so in the fourth quarter and beyond, the company said in a release.


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