Vitran Improves First-Quarter Performance
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“We remain focused on making acquisitions that will further expand our U.S. footprint beyond the central [U.S.] states,” Chief Executive Officer Rick Gaetz said in a statement.
oronto-based transportation firm Vitran Corp. reported first-quarter net income of $2.8 million or 22 cents a share, up from $1.6 million or 13 cents a year earlier.
Its revenue increased to $93.9 million, from $87.1 million last year.
Vitran, which has truckload and less-than-truckload operations in the United States and Canada, switched its U.S. trading to Nasdaq from the American Stock Exchange on March 7. It also trades on the Toronto Stock Exchange.
Vitran is ranked No. 56 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
