TransForce Reports Lower 1Q Profit

Canadian transportation firm TransForce Inc. said its first-quarter net income dropped, on persistent softness in the economy.

Net income fell to C$18.9 million, or 20 cents per share, from C$30.2 million, or 31 cents, a year earlier.

Revenue fell 4.9% to C$749.7 million, the Montreal-based trucking and logistics company said.

TransForce Inc. is ranked No. 8 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.