TransForce's 2Q Income Decreases

Canadian transportation and logistics firm TransForce Inc. said its second-quarter net income fell to C$17.1 million, or 18 cents a share, from C$18 million, or 21 cents, a year ago.

Revenue grew 9% C$496.9 million, from $C454.2 million, TransForce said Friday.

“We expect to see some improvement for the industry later in the year but, for now, we welcome relative stability after many quarters of volume declines and pricing pressure,” said Alain Bédard, TransForce’s chief executive officer.

TransForce Inc. is ranked No. 15 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.