Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/19/2012 8:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Wheels Group’s 3Q Revenue Rises

Canadian logistics company Wheels Group Inc.’s third-quarter revenue rose on acquisitions, the company said.

Revenue rose to $73.6 million, from $66 million, the Toronto-based company said.

Wheels Group completed the acquisition of freight broker and forwarder MSM Group of Companies on Oct. 1, for $18.6 million.

Income for the quarter was a loss of $300,000, or zero cents a share, from a loss of $500,000, or a loss of $675.29 a share, a year earlier.

Weaker U.S. volume in the third quarter was to blame for results below expectations, Wheels Group said.

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.


  RELATED ARTICLES

 
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

TFM

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