Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/25/2012 9:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Vitran’s 1Q Loss Widens

Vitran Corp. late Tuesday reported a larger first-quarter loss than a year ago despite a 12.1% gain in revenue.

The Toronto-based carrier lost $5.8 million, or 36 cents per share, compared with a loss of $224,000, or 1 cent, a year ago. Revenue rose to $208 million, from $185 million a year ago.

Its less-than-truckload unit reported an operating loss of $4.8 million, compared with operating income of $900,000 last year. Revenue rose to $179 million, from $159 million. Shipments and tonnage improved 11.2% and 8.3%, respectively.

Its supply chain segment’s operating income was flat at $2.1 million, while revenue increased 10.5% to $29.2 million.

Vitran is ranked No. 34 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


 

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement