CALGARY, AB- Trimac Transportation has announced improved financial results for the fourth quarter of 2014.

Revenue before fuel surcharges increased 5.3 percent and all segments saw improvements.

“Higher volumes with existing customers, new business awards, some campaign work and revenue earned in new shop and transload locations all contributed to the revenue improvements,” the company claims.

EBITA (earnings before interest, taxes and amortization) rose 10.2 percent due to streamlining administrative costs and improved operating efficiencies.

Earnings before income tax expense increased 29.4 percent, which was primarily due to higher revenue and increased operating efficiencies.

“Trimac will continue its relentless pursuit to be a low cost service provider by focusing on reducing its operating expenses and improving asset utilization,” Trimac claimed in a statement. 

 Trimac hauls a wide variety of bulk materials for a broad customer base which spans numerous industries across Canada and into the United States. 

“A weakening Canadian dollar may benefit Trimac as exports increase to the U.S. to meet rising demand in some of the industries we serve.  Because of Trimac’s diversity, it is not tied directly to the oil and gas sector however, the soft oil prices do create uncertainty and potential market declines. Trimac’s focus on operational excellence will ensure we react quickly and effectively to the changing dynamics in our markets.”