COMPETITION WATCH: Trimac revenue, profits both up in Q2
August 3, 2012
CALGARY, Alta. -- Trimac Transportation’s consolidated revenue, including fuel surcharges, was up $3.7 million – or 4.5% - in the second quarter ended June 30. Officials say the increase was the result of incremental revenues earned...
CALGARY, Alta. — Trimac Transportation’s consolidated revenue, including fuel surcharges, was up $3.7 million – or 4.5% – in the second quarter ended June 30. Officials say the increase was the result of incremental revenues earned from the Fortress Trucking acquisition of $3.3 million and the Benson Tanklines acquisition of $1.1 million.
Profits in the second $9.7 million compared to $8.0 million in the first quarter, an increase of 21.3%. Officials say the increase was primarily the result of the improvement in productivity and strong cost controls.
“We are very pleased with the LCL acquisition and the start-up of the UFA and Hammerstone contracts awarded earlier this year,” said Edward V. Malysa, president and COO of Trimac. “We are looking forward to the continued improved results for the balance of 2012. In addition, Trimac is committed to recruiting and retention initiatives to support our growth and maintain our competitive advantage as a preferred place to work in the bulk trucking industry.”
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