Vitran Reports Second-Quarter Loss
Vitran Corp. reported a second-quarter loss Thursday as its less-than-truckload operations declined.
It lost $4.2 million, or 25 cents per share, compared with a loss of $2.3 million, or 14 cents, a year ago.
Revenue rose 20% to $213 million, the Toronto-based carrier said.
Its LTL unit reported an operating loss of $3.3 million, compared with a $1.2 million loss a year ago, while its supply chain segment’s operating income rose $100,000, to $2.4 million.
Vitran is ranked No. 34 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
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