Canadian less-than-truckload carrier Vitran Corp. said it lost more money in the third quarter than the same period last year, but earned a profit if its divested United States operations are excluded.
Vitran’s loss was $72.7 million, or $4.42 a share, compared with $10.8 million, or 62 cents, a year earlier, it said in a Nov. 1 statement. Revenue was $49.4 million, slightly lower than last year’s $49.4 million.
The carrier announced in September that it would sell its U.S. LTL business, a sale that closed Oct. 7, it said. Without accounting for those operations, Vitran had a $1.4 million profit in the third quarter, up from $737,000 in 2012.