May 1, 2007 8:00 AM, EDT

Contrans’ 1Q Income Dips

Canadian firm Contrans Income Fund’s first-quarter income dropped to C$8.1 million or 28 cents a unit, from C$9.7 million or 34 cents a year ago.

Revenue rose to C$119.4 million from C$107.5 million, Contrans said late Monday.

Transportation services revenue rose to C$106.4 million from C$94.6 million.

Contrans is ranked No. 73 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.