Truck News

News

COMPETITION WATCH: Transforce Income Fund shows strength in first quarter

MONTREAL, Que. -- TransForce Income Fund has announced strong results in all key measures for the three months ende...


MONTREAL, Que. — TransForce Income Fund has announced strong results in all key measures for the three months ended March 31, 2006.

TransForce increased total revenues to $438.2 million, in the first quarter of 2006, up 36.6 per cent from the $320.8 million reported a year earlier.

TransForce also completed the acquisitions of three oilfield services transportation companies in the first quarter: Kos Corp. Oilfield Transportation of Drayton Valley, Alta.; Streeper Contracting of Fort Nelson, B.C.; and Hemphill Trucking of Rock Springs, Wy.

In addition, in February, 2006, TransForce completed a public offering of 8.25 million fund units for net proceeds of $143.8 million.

Alain Bdard, president and CEO of Transforce, said he was encouraged by the strong numbers, especially since first quarter figures are traditionally the weakest all year.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*