COMPETITION WATCH: Trimac posts Q1 profit

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CALGARY, Alta. — Trimac Transportation saw its Q1 revenue surge 11.4% y-o-y to $73 million while squeezing out a profit of $900,000.

That was a marked improvement over a first quarter loss in 2010.

Trimac attributes the improvements to market share gains and higher volumes.

“Our dedicated professional drivers and support team of mechanics, technicians and administrative staff continue to create value for our shareholders by delivering value to our customers safely,” said Edward Malysa, president and CEO of Trimac. “As a result of exceeding customers’ expectations, Trimac continues to be rewarded with more hauling opportunities.”

Trimac also touted its safety performance while announcing its first quarter results, indicating it had won two of five Canadian Petroleum Products Institute safety awards and mentioning that four of its drivers were selected to join the OTA and AMTA Road Knights teams.

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